Peter Barnes Manager Treasury Services at KPMG LLP
Peter Barnes Manager Treasury Services at KPMG LLP

Integrating eFX – maintaining TMS connectivity

Peter Barnes discusses the key issues Treasurers need to address, to ensure that they adopt the right eFX integration methods to minimise disruption to their STP and connectivity strategies.

First Published: e-Forex Magazine 11 / Features / July, 2003

What are the key issues treasurers need to address to ensure that they adopt the right eFX integration methods to minimise disruption to their STP and connectivity strategies?There are a number of eFX platforms and a range of treasury management systems (TMS) available to the treasurer. In order to achieve the benefits of straight-through-processing (STP) the treasurer will need to look at the connectivity between the chosen eFX platform and the company's TMS. There are many issues that need to be addressed when looking at the connectivity strategy, but first the treasurer must determine what level of STP will be needed and how it will affect the day-to-day treasury activities. This in turn will affect the degree of integration required between the eFX platform and other systems.Consider the three scenarios below. Each presents different integration opportunities and challenges for the treasurer while achieving the desired benefits of STP.1 – Basic on-line dealing In its simplest form, an eFX trading...continued

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