HOME > NT NETTING > FEATURE LIST > COMPUTE OPTIONS
     
 

NT NETTING: FEATURE LIST

     
 

IN THIS SECTION:

Security

Data

Import/Export

Payment Interfaces

Rates Options

Compute Options

Message Options

Foreign Exchange

Reports

 

 

COMPUTATION OPTIONS:

Spread options

Spread can be handled in a variety of ways. In its default configuration it is very simple, but there are many ways of customising it for the more discerning customer.

  • None, net or full spread
  • Different spread up/spread down
  • Diversified spread allows individual spread based on volume, country and participant.
  • A variety of spread reports allow the netting centre to determine the direct profit from spread and to evaluate the cost per participant.
System can cater for multi-currency nested pools, global pools and internal companies

Pools are sometimes known as Sub-Netting Centres. NT Netting caters for multi-currency local pools and single-currency global pools. It also caters for nesting of these pools.

Pools can be configured to act as participants also, meaning they can make payments like a normal participant.

A pool’s message will contain complete payment instructions (in SWIFT format if preferred) for all the payments to the participants and the Netting Centre.

Internal companies

It is possible to mark a participant as an internal company, thereby preventing the generation of payment instructions to this company. This allows various unusual bank account configurations to be catered for.

Service-charging

It is possible to exact a charge for each payment. This charge can be based on the country of the participant or be a group wide default. Participants can be excluded from this charging scheme as required. This provides an alternative means of charging the participants for the netting. It can be used in conjunction with any spread settings.

Various netting modes (e.g., gross, home, full, currency) NT Netting can cater for all necessary netting modes. Some countries have legal requirements with regards to the netting or the converting of currencies. A participant can be configured to handle any of these restrictions. In addition, it is even possible to specify the conversion currency on a per-currency basis – essentially allowing multiple home currencies for each participant. This is an advanced feature which would normally not be set except for the most discerning customers.
Optional inclusion of FX dealing amounts The computation can optionally include the FX dealing amounts in the netting. This means that the FX payments to banks to settle the Netting Centre’s currency requirements would be generated in the payment instructions. Some netting users prefer to settle their FX requirements outside the netting.
Speed One customer nets over 40,000 invoices from 800 participants per netting. The computation of the net position takes less than 1 minute. Checks are made so that a compute is only done when necessary. It is impossible to view out-of-date data – reports, messages, payment instructions, etc., all verify that the status of the compute is up-to-date before allowing them to be viewed.
 

QUICK FACT:

NT Netting is compact and installs on any corporate or hosted server.

 
    TOP      
      NT NETTING: FL: RATES OPTIONS  
      NT NETTING: FL: MESSAGE OPTIONS  
           
© Copyright Coprocess SA 2007