IN THIS SECTION:

Login Screen

Participants Screen

Options Screen

FX Worksheet

SCREENSHOTS:

LOGIN:

PARTICIPANTS:

NT Netting requires a complete set of information on the participants in the netting, whether they are netting companies, third parties or the banks with which the Netting Centre does the FX trades. You can see from the screen below that there is considerable data contained on each participant, including the bank details. This enables the Netting Centre to make payments directly to the participants.

OPTIONS:

The power of NT Netting comes from its configurability. There are over 100 configurable parameters. These are all contained in the Tools/Options tabs which are only accessible by the Supervisor. You can see from the screen below that we have split these into 14 categories. For example, the screen below is showing the Invoices tab. This tab determines how invoices are going to be handled by the system.

Notice, for example, the ability to force import of invoices into the current period, if this box is not checked, the system will import the invoice into the netting period based on the due date. The manner which the system will use to check for a duplicate invoice can also be specified here. You can also decide whether you want to run with invoices at all.

The specific settings for your particular way of operating would be configured by Coprocess personnel during the implementation process and thereafter it would be unlikely that you would have to change them.

FX WORKSHEET:

The FX worksheet shows the net amount of FX that the Netting Centre requires as a result of the netting. The Netting Centre would buy and sell these amounts either directly with banks, or through their in house trading department.

In the example below is a control total of USD 11,674.95. This is the profit realised by the Netting Centre as a result of applying a spread on all FX payments. Again, it is the Netting Centre which would decide whether they would operate with spread or not (profit centre v cost centre).