IntraNetting is an Intranet client application for NT Netting allowing the participants in the netting online access:

• to input, edit and delete
• to review their payments and receipts
• to approve or reject
• to match and reconcile with their TMS or GL

• Controlled and secure access to the application via username and password. Secure audit trail of major events. The actual level of security can be determined by the corporate Intranet manager using, for example, trusted domains.

• Participants can add and modify transactions. Transactions can be invoices, gross flows or currency ask and currency offers.

• The counterparty and currency are look-ups from the central Netting Centre databases. For example, if the Netting Centre adds a participant or currency in NT Netting this becomes immediately available to all participants using IntraNetting without any upload or download of data.

• Because of the controlled and synchronised environment between IntraNetting and NT Netting, the number of errors in transactions that are uploaded to the Netting Centre is substantially reduced and therefore the Netting Centre has to spend less time fixing problems.

• Participants can upload transactions to the Netting Centre. These transactions can either be input directly using IntraNetting or extracted directly from the general ledger and uploaded.

• Participants can match invoices and forward contracts. This can be done either manually or through the upload of a file extracted from the general ledger.

• Participants can discuss and accept or reject contentious transactions through an optional counterparty approval module.

• Participants can view their up-to-date netting message whenever they want instead of when the Netting Centre decides to send out the message.

• There is no need for participants to send accompanying faxes or e-mails to the counterparties indicating what invoices are being covered by what payments: this is all clear from their netting message, which they can view on-line. This saves a considerable amount of administrative time throughout the group.

• Participants can modify their own contact information and do other administrative tasks. This releases the Netting Centre from a lot of time-consuming administrative work that belongs with the participants themselves and not with the Netting Centre.

• Participants can view contact information for all other participants in the netting. For example, if they want to contact a counterparty to resolve a problem with an unpaid invoice, they can use IntraNetting to look up the name and telephone number of the contact.

• Participants can view their own bank instruction information to verify that it is correct.

• Participants can e-mail the Netting Centre from within the application.

• There is a full audit trail of all the major events that have been undertaken on the system.

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