IMX provides proven sophisticated software solutions for financial businesses engaged in the wholesale trade of banknotes, travelers cheques and/or precious metals; both directly to retailers and to other finance businesses that act as agents for smaller clients. Our solutions are geared to automating and integrating dealing room, back-office inventory and settlement and vault management, as well as management operations such as:
- Tracking transaction costs, deals and market rates
- Managing standing settlement instructions
- Monitoring overall position and risk exposure
- Tracking profitability across the trading scope
- Enabling distribution hub transaction, stock trading and monitoring
The Wholesale Process:
Wholesale bank note and precious metal trading is a specialised business due to the need to hold physical commodities and transport them between counterparties. As well as the efficient management of the trading desk, it is important to effectively manage physical inventory – how much is on hand, how much is in transit, what is the foreign exchange exposure at any point in time. There is also the logistical component of shipping precious cargoes, and the associated effect on the profitability of a trade.
The IMX wholesale trading platform manages all these aspects of the business in a single integrated system, bringing together the trading desk, vault management and back office so that all aspects of the business can work in a co-ordinated manner.
Key Features:
An IMX solution provides a fully-featured system for streamlining the trading of banknotes, precious metals and other clean negotiated instruments such as travelers cheques for the front, middle and back office.
- Multiple deal types
- Deal processing with real-time transaction cost analysis
- Multiple settlement instructions
- Inventory management
- Profitability and consignment tracking
- Real-time financial and physical exposure monitoring
- Comprehensive management reporting
- Audit and compliance
- Profitability and loss management
- Automated general ledger interface
- Flexible statistical analysis
Shipping and logistics functionality
- Operates across multiple Microsoft platforms
Benefits That Sharpen Your Competitive Edge:
The benefits of an IMX integrated software solution in the wholesale banknote trading area represent a rapid return on investment.
- Cost reductions deriving from process automation
- Consolidates operational control in areas such as banknote trading, back office, inventory management, settlements, and exposure monitoring and accounting
- Comprehensive profitability and financial/physical exposure monitoring
- Potential for re-engineering and streamlining the business
- Straight-through payment processing
- Fully customizable to support your specific operational needs
- Scalable and easy to integrate with back office solutions
- Minimal impact to your business through rapid installation
Click here to download our Wholesale Currency & Banknote Trading Solutions Overview Brochure now.