The global leader in banknote trading and travel money technology solutions
Solutions
Wholesale Currency & Banknote Trading
IMX provides proven sophisticated software solutions for financial businesses engaged in the wholesale trade of banknotes, travellers 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 ratesManaging standing settlement instructionsMonitoring overall position and risk exposureTracking profitability across the trading scopeEnabling distribution hub transaction, stock trading and monitoring
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.
The Wholesale Process
An IMX solution provides a fully-featured system for streamlining the trading of banknotes, precious metals and other clean negotiated instruments such as travellers cheques for the front, middle and back office:
Multiple deal typesDeal processing with real-time transaction cost analysisMultiple settlement instructionsInventory managementProfitability and consignment trackingReal-time financial and physical exposure monitoringComprehensive management reportingAudit and complianceProfitability and loss managementAutomated general ledger interfaceFlexible statistical analysisShipping and logistics functionalityOperates across multiple Microsoft platforms
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 automationConsolidates operational control in areas such as banknote trading, back office, inventory management, settlements, and exposure monitoring and accountingComprehensive profitability and financial/physical exposure monitoringPotential for re-engineering and streamlining the businessStraight-through payment processingFully customisable to support your specific operational needsScalable and easy to integrate with back office solutionsMinimal impact to your business through rapid installation
Key Features:
Benefits That Sharpen Your Competitive Edge:
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