TTDEALING - Intercompany Trading Platform

Process

The trade begins with an enquiry from one of the parties, typically with a group company placing an enquiry with the treasury. Even within the enquiry, tm5 can produce an initial quotation to provide the company with a first idea. The quotation contains the margins pre-defined by the treasury. After the contracting party has checked this, they have the option of making the transaction or, if necessary, modifying the conditions and parameters. The trade begins, and then ends when the final offer has been accepted and confirmed by the contracting party. The agreement is then directly transferred to TTCONTRACT for both parties.

Documentation

• Apart from the usual details, the deal ticket also include the time of the last quotation as well as its acceptance by the users involved.
• The audit trail can be traced in the transaction Every enquiry and every change is saved with its status, the change, the user and with a timestamp.
• Both of the mirrored transactions saved can only be changed with the agreement of the other party. This ensures that there can never be differences in the way transactions are interpreted.

Transactions

The trades possible include money market transactions in a variety of forms, long-term loans with every conceivable option such as special repayments or rate changes, standardized currency transactions such as spot, forward, swap or options, as well as the various credit lines.