1 Execution possibilities for corporate treasurers.
-
Upload
richard-flynn -
Category
Documents
-
view
217 -
download
0
Transcript of 1 Execution possibilities for corporate treasurers.
1
Execution possibilities for corporate treasurers
2 2
Market leading multi-bank / cross-asset trading platform Global coverage / 24h support 70+ liquidity providers 500+ customers Users in more than 40 countries Over €18 bln daily trading volume in FX Over €15 bln daily trading volume in MM Provider of intra-group / white-label trading platform
Fastest growing e-business venue world-wide (Euromoney survey 2008)
About 360T
3
The Core Elements of Treasury
• Capital markets and funding• Bank lending, asset and project finance, dept capital markets, equity, …
• Cash and Liquidity Management• Cash flow forecasting, cash management, payments, …
• Corporate Financial Management• Accounting and reporting, corporate strategy, tax, legal, …
• Risk Management• Business and operational risk, FX and interest rate risk, commodity risk, credit risk
• Treasury operations and control• Control and reporting, policy and objectives, technology and system
4
Possible ways of OTC trade execution
•Telephone / voice broker• Electronic trading
•Trading platforms• Single-bank platforms• Multi-bank portals
• Unorganized ways of trading• Reuters or Bloomberg chat
Functionalities
Telephone Chat Single-bank platform
Multi-bank platform
360T
Available features - - - / + + + - - - / + + + + + + + + +
Availability bank working hours
bank working hours
24h 24h 24h
Costs + + + + + + + + - + +
Transparent pricing + O - + + + + +
Implementation complexity
+ + + + + + + + O + +
Managing of bank relationships
+ + - - - + + + + +
Reduction of operational risk (MiFID)
- - - - + + + + + + + + + STP
5
Functionalities
Telephone Chat Single-bank platform
Multi-bank platform
360T
Market comformity check (MiFID)
- - - - - - - + + + + +
Reporting / Audit Trail (MiFID)
- - - - - O + + + + +
Features mirroring market maker interest
+ + + + + + - - - - + + +
Authorization, regulation and passporting (MiFID)
- - + + + + + + + + + +
Integration - STP - - - - - - O + + +
Synergy within group of companies
- - - - some platforms include this feature
O +++
6
7
Multi-bank Portal & Internal Platform
Subsidiary 1
Subsidiary n
Buy-side Sell-side
Broker Dealer
Market Taker Banks
Institutionals
Corporates
Market Maker n
Market Maker 3
Market Maker 2
Market Maker 1
How does a multi bank platform work?
8
9
Selection of TEX® references
Thank you!