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The truly international currency management system . . .

               FX-Treasurer is an Internet based management system that gives you full control over all foreign currency exposures however they may have arisen. FX-Treasurer can be deployed within a single operation, company wide or internationally. FX-Treasurer is a multi currency system that permits multi-national companies to manage and account in several different currencies and consolidate results into a common organisational currency.
               FX-Treasurer has all the functionality you would expect from a world-class system. Take a closer look at FX-Treasurer by calling us for a demonstration in your offices.

                1. System Deployment Model
                2. System Organisational Model
                3. System Security
                4. System Platform
                5. Group Structure
                6. Exposures
                7. Bank Deals
                8. Notional Bank Deals
                9. Criteria Selection
               10. Strategy Profiler
               11. Risk Annunciator
               12. Payments / Receipts
               13. CFC Accounts
               14. Market Rates
               15. Accounting & System Integration
               16. Reporting

1. System Deployment Model

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2. Organisational Model

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3. System Security
                It is always better to capture data at source as this saves time and eliminates errors associated with duplicating data. For this reason FX-Treasurer has been designed to be an organisation wide system and gives access to those people in the organisation who initiate the data.
                o Sign On – Access and functionality is controlled by user sign on.
                FX-Treasurer User Sign On provides each user with a unique login that is associated with a profile page that is under the control of the systems administrator and grants permissions of access and authority of function to the individual user.
               o Audit Trails – Before and after images are kept of all financial transactions.
                All entries are written to an audit trail so you can distribute the system across the organisation to users wherever they may be and have complete accountability.

4. System Platform
                FX-Treasurer runs in a browser and the data resides in an SQL database. The system design is such that it may be deployed internationally as all connectivity is via the Internet. FX-Treasurer caters for home currencies per division so multi national operations are able to manage locally in the national currency while the system automatically translates the deals to the organisations home currency. Transactions may be for any foreign currency to any base currency and the base currency can be translated to the home currency of that division. As an example a GBP to USD contract is automatically converted at the ruling spot rate and valued in Rand, should the home currency be Rand. This permits total transparency of all exposures and reduces translation risk.

5. Group Structure
                Cascading of data is provided by a group structure. This makes it possible to manage at different levels of a company structure and cascade the management information to whatever level required. The group structure is three levels deep with level one being Organisation, level two Companies and level three the Divisions. Each may have its own Home Currency, Counterparties, Strategy and Mandates. Default bank accounts per currency may be recorded per Division. To facilitate a smooth payment process, bank accounts are also maintained for Counterparties. Facilities per Counterparty per Currency are also maintained to facilitate payments.

6. Exposures
                · Orders & Sales – Orders and sales are maintained at item level. This provides for a single transaction having many line items of which each can be managed independently or as a group. From Orders/Sales one creates the order items and associated expenses. Once created, orders/sales, their items and expenses may be paid, allocated to bank deals, credit noted, debit noted, discounted and associated with invoices. Shipping information can be tracked by item.
                · Allocations – Order/Sales/Expenses or their items are allocated in part or in full to bank deals. A tally is kept on both the orders/sales/expenses and the bank deals of amounts allocated and available for allocation. Allocations make it possible to manage the exposures and bank deals on a one-to-one or portfolio basis.
                · Revaluation – Revaluation of orders/sales and expenses is done by comparing exposures at the current spot values to the costing rate and/or the theoretical rate of cover at the time of placement.
                · LCs/FBCs – The system will record details of documentary credits and foreign bills. This information may be associated with orders and expenses.
                · Invoices – Invoices may be captured in the system and allocated to exposures.
                · Credit Notes, Debit Notes and Discounts – These may be entered in the system immediately and later associated with exposures at the item level. They effectively reduce or increase the exposure balances. (Rebates are not handled at the order level but per counter party and are utilised by payments. They do however affect the total exposure.)

7. Bank Deals
                · Deal maintenance – Any bank instrument can be maintained as far as cancellations, draw downs and take ups are concerned. This is done either directly from the bank deal record or as part of the payment process. Please see payments for details.
                · Extensions – The system provides for extending individual contracts to future dates or extending many single contracts into one new future contract. It is also possible to extend one contract into many future contracts. In all cases effective rates, effective values and cash flows are calculated and recorded.
                · Allocations to Exposures – Bank deals may be allocated to exposures on establishement or at any other time up to the point of payment. Bank deals may be allocated in part or in full and may be spread across many exposures.
                · Notional Contracts – Because FX-Treasurer is also intended for use in central treasury operations, we have created a facility for the treasurer to issue notional contracts to company subsidiaries. Please see the section on Notional Bank Deals below.
                · Revaluation of Bank Deals – All bank deals may be revalued against the current spot rate and a potential profit and loss statement produced for the forward rate, the cancellation rate and the draw down rate. This result is automatically translated to the home currency should any bank deal have a base currency different to the home.
                · Expensing of options – The premium paid on options is expensed daily or on request. This expensed premium is added to the effective rate of the option to reflect its true value for the elapsed life of the option.

8. Notional Bank Deals
                Notional deals operate in exactly the same manner as bank deals and provide a facility whereby divisions can place deals with their central treasury. These are notional deals and the treasury may or may not choose to place covering deals with banks. Whereas the central treasury may allocate notional deals to bank deals and get detailed information on this, there is no information available to the Division with regard to any underlying bank deal.

9. Criteria Selection
                Accessing specific data is facilitated by comprehensive selection criteria that allow one to find the appropriate records one wants to work with. Whenever it is necessary to retrieve data we have provided a criteria facility to speed the process.

10. Strategy Profiler
                FX-Treasurer provides the functionality to set a strategy for each currency used. This strategy takes the form of specifying the percentage cover, net exposure in foreign currency and base currency and maximum exposure in home currency for each currency used. Any deviation from this strategy will be notified to the user when causing the deviation and remedial action will also be suggested. When the strategy has been breached, a daily report will reflect this fact until such time as it is remedied.

11. Risk Annunciator
                FX-Treasurer provides you with a constant update of the exposure in all currencies being used. This gives you an up to the moment risk status in terms of foreign currency to base currency and base currency to home currency. Coupled with the ability to instantly revalue foreign exposures and cover against the ruling spot rate, this provides a clear and accurate picture of the company's risk status on a continuous basis.

12. Payments / Receipts
                The payment/receipt process starts with the user selecting the exposures he wishes to pay/receipt. These exposures are then summed by due date, counterparty and currency. The bank deals (allocations are recalled), Spot deals, CFC payments and rebate utilisation is then determined.
                Payment Calculator – FX-Treasurer incorporates functionality that evaluates the present spot rate trend against the average value of the forward portfolio and provides you with a suggested best payment method. If you accept this suggestion FX-Treasurer will produce the deal tickets for you to transact with the bank in order to achieve the desired result.
                If you prefer determining your own payment strategies, simply enter the cover numbers you wish to use and FX Treasurer will produce deal tickets for your strategy.
                Once the deals have been done the user finalises the payment by entering the deal numbers and rates obtained.

13. CFC Accounts
                Bank accounts may be denoted as CFC accounts and reflect the currency of the account. Foreign funds may be paid from or receipted to these accounts and bank deals may be allocated to mature into these accounts.

14. Market Rates
                FX-Treasurer is constantly updated with live market information. FX-Treasurer gives you the very latest market information and integrates this data into all calculations and revaluations so your costing rates and valuations are accurate up to the second. And it doesn't cost you a thing. It is all part of your system maintenance so there is no need for duplicate systems.

15. Accounting and System Integration
                FX-Treasurer data is stored in a SQL database. This makes it extremely easy to integrate files with accounting systems, cash management systems and payment systems provided by financial institutions.
                General Ledger – FX-treasurer provides a file for integration to a general ledger.

16. Reporting
                Standard reporting in FX-Treasurer includes Management reports, Accounting reports and Operations reports. Additional reports will be written to user requirements on a quote basis.