We now serve more than 2,000 corporate clients and SMEs and 80 leading large sponsor companies, with around USD 2 Billion limit setup and USD 8 Billion transaction flow per annum through comprehensive platform. Phunsisth Poonpipat, Head of Supply Chain Structured Product, TMBThanachart Bank, Bangkok, Thailand said, “It is our mission that TMBThanachartbank or ttb will not only offer profound financial products but also efficient banking services to improve customer experience. and all types of corporates (small, medium and large) while enabling the Bank to stay ahead in the market through the quick transaction life cycle that the product offers. The FSCM product will cater to the financing needs of all sectors like FMCG, Oil and gas etc.
The corporate portal will also allow the users to access the portal 24 x 7 to perform various activities like Invoice entry/upload, Payment, Financing, user administration, report generation amongst other benefits. The Bank corporate activities earlier were handled by emails and file transfers, the iCashpro+ FSCM solution, will enable the Bank to create onboarding templates to onboard customers quickly.
This FSCM solution will facilitate seamless invoice financing and EIPP (Invoice payment) between all the parties involved.
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Once the trade is agreed, it is routed automatically to Clearstream’s collateral management engine, with straight-through processing.Ĭlearstream offers a similar connectivity solution with Bloomberg's Professional service which enables straight-through processing of triparty repo transactions by supporting communications between market participants and buy side customers.Ĭash providers in a triparty repo benefit from full collateral reuse in Clearstream’s Global Liquidity Hub: for example, they can use the securities received to cover CCP margin requirements in derivative obligations.Aurionpro Solutions Ltd announced that TMBThanachart Bank, one of the leading banks, in Thailand has gone live with iCashpro+, Aurionpro’s Financial Supply Chain Management (FSCM) solution which shall bring banks, suppliers and dealers on one platform. To give corporate clients access to its services, Clearstream has also partnered with 360T, a multi-bank, multi-asset platform based in Germany which enables 360T’s corporate and institutional customers to trade triparty repos with a range of banks on the platform. The job of the corporate treasurer is further simplified through a wide range of standardised collateral baskets that make it easy to get started in triparty repo. The CRC gives the buy side instant access to a wide range of counterparties that have also signed under the same agreement. Clearstream has greatly simplified this process through a new legal master agreement for triparty repo transactions called the Clearstream Repurchase Conditions (CRC). In the past, customers had to sign many bilateral agreements with different counterparties. One of the reasons the buy side is increasingly using triparty repos is the reduction of the administrative burden previously associated with repos. Clearstream acts as a neutral triparty agent for both parties and offers a full range of services from trade opening to closing. They tend to favour triparty repos over more conventional money market instruments and bilateral repos because of their unique risk-return mix, combining a high degree of safety with additional yield pick-ups. While cash providers have traditionally included central banks, sovereign institutions, commercial and supranational banks, triparty repos are also becoming increasingly attractive for buy side customers such as corporates, hedge funds and asset managers. Launched in 1992, our triparty repo service enables customers to benefit from various sources of funding, combined with outsourced settlement and administrative functions as well as value-added services. CSDR requirements for Transfer Agents and Registrars.Central Securities Depositories Regulation (CSDR).Notice of European Union Data Protection Terms.Technical and organisational measures (Article 32).
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