XRT Adapts Globe$™, its Global CTM (Integrated Cash, Treasury and Risk Management) Solution Designed for Large International Holdings, to the North American Market.

From mid-February, Globe$™ version 3.5, will provide the North American market with a global solution to meet the specific needs of multinational companies in terms of centralized treasury, financial risk and cash management.

Designed to meet the demands of large companies, Globe$™ integrates the entire cash flow and financial risk management processes. It also manages all the treasury centralization procedures thanks to an integrated set of modules : Risk Management, Front-to-Back Office Dealing, Hedge Accounting, Cash Management, Domestic and International Payments and In-House Banking.

Globe$™ is already compliant with the new FAS 133/IAS39 accounting standards, and offers extensive Internet capacities as well as a wide range of interfaces integrated to the various market data services and accounting environments. Globe$™ has now adapted its cash, treasury and financial risk management functions to meet the requirements of North American financial instruments and cash management practices. By comparison with their European counterparts, companies in North America use totally different terminology and payment methods for cash management. In terms of treasury management, they also rely on a wider range of negotiable financial instruments.

New functionalities are now available : specific payment formats, account structure and centralization, language parameters, integration of Mark to Market pricing into a unified financial Library, credit lines management. This allows an effective automation of treasury processes including operations tracability, financial risks hedging and clearing of commercial transactions with financial instruments.

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