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Development of an interactive Common
Treasury Bulletin (CTB) system
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The Client |
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One of the largest banking and financial services organizations
in the world.
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Project Background
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Our
client has a Centralized Treasury Department (TRY), which
gives the exchange rates to its branches spread across the
country based on the prevailing market rates. These rates
are sought by departments/branches, who communicate their
requests are communicated to TRY through their corporate dealers.
TRY communicates the exchange rate to the corporate dealer,
who in turn further communicates the same to the respective
departments who apply the rate given to them by the corporate
dealer for their transactions.
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Scope of the project |
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Develop an interactive Common Treasury Bulletin (CTB) system,
which shall meet the requirements of TRY and ensure a smooth
flow of transactions without compromising on the speed.
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TCGIvega's Role |
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TCGIvega
developed an interactive CTB system, with the following functional
modules: Capture Request - this is used to send a request
for an exchange rate of a currency pair specified by the customer.
A unique request ID is generated for every request thus minimizing
the disputes over completion of the requests, Flexibility
of deleting a request or raising the deleted request. Record
Answer - this is launched on selection of a particular request
to be answered. The corporate dealer quotes the rate for the
request transaction.User Class Management - Creation of different
user types, assigning the relevant authority. MIS Reports
- Reports on requests and quotes for that particular day will
be available. Area wise profitability report and Customer
wise profitability report are also made available. This gives
an insight of the business carried out in the day. Reports
can be generated based on the customer, user, time period,
transaction and department.
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Client Benefits |
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- Increased uptime for corporate dealer due to reduced
involvement in price feedback issues.
- Role based access to view all transactions within the
branch to the corporate dealer.
- Reduced manual intervention due to the online system.
- Reduced risk of missed requests
- Direct and indirect cost reduction
- The MIS system makes information more easily available
- A much less error prone system
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