Many financial organisations involved in trade finance are finding that using spreadsheets or in-house developed applications to track and manage facilities, exposures, limits, sub-limits and monitor collateral positions are manually intensive and leave the organisation exposed to unnecessary risk.
The new Rockall Technologies trade finance module is a comprehensive solution that provides the following capabilities:
â¢ Provides a comprehensive client / customer / counterparty database incorporating client hierarchies, e.g. parent / subsidiaries.
â¢ Manages and tracks facilities, exposures, limits and sub-limits.
â¢ Offers a mark-to-market commodities and securities collateral management and valuation engine, including hedged collateral positions.
â¢ Monitors all risk parties/entities at facility and portfolio level â client/counterparty, country, warehouse, vessel, other 3rd parties.
â¢ Allows for all deal components and documents relating to business to be listed, viewed and maintained.
â¢ Manages and tracks a deal from origination to maturity including alerts for an indefinite number of situations such as under collateralisation, limit breaches, etc.
â¢ Tracks positions and risk associated with participation agreements.
â¢ Tracks invoice discounting positions.
âWe understand the complexities of trade and commodities finance,â stated Luke Nestor, CEO of Rockall Technologies. âIn todayâs climate an institution needs to ensure it is monitoring all risk aspects of the business and using spreadsheets is far from the ideal solution. There is not only a need to manage the risk associated with each client contract, there is also a need to monitor risk at portfolio level. We have worked with a number of financial institutions to manage their trade finance and collateral to best-in-class standards which maximises the capital benefit for the institution and minimizes losses to shareholders.â