What are the key benefits of using Oracle FLEXCUBE for treasury management?
Implementing Oracle Banking Treasury Management (OBTR) offers several advantages for banks seeking to optimize their treasury operations:
Enhanced Visibility: OBTR facilitates the easy capture and retrieval of deal details, providing real-time monitoring of treasury operations. This improved visibility aids in better decision-making and risk management.
Streamlined Processes: The solution automates deal processing, settlement, and messaging, reducing manual tasks and operational costs. This leads to faster processing and tracking of instrument life cycles.
Increased Control: OBTR allows banks to define products and configure workflows with relevant controls, enhancing oversight and ensuring compliance with internal policies and external regulations.
Regulatory Compliance: The system offers out-of-the-box compliance with regulations such as the Securities Financing Transaction Regulation (SFTR) and the European Market Infrastructure Regulation (EMIR), simplifying adherence to evolving regulatory requirements.
Flexibility in Interest Rate Regimes: OBTR supports various Risk-Free Rates, aiding banks in transitioning from benchmarks like LIBOR. It also accommodates negative interest rates and parameter-based rate fixing at the contract level, providing adaptability in diverse financial environments.
Quick Information Retrieval: The system supports standard and customizable reports, along with powerful query facilities, enabling quick and easy access to accurate information. This is crucial for timely decision-making and efficient operations.
By leveraging these features, banks can achieve greater efficiency, compliance, and profitability in their treasury operations.
SWIFT-Compliant Message Generation:
OBTR natively supports the generation of SWIFT-compliant messages (like MT103, MT202, MT300, etc.) based on transaction type, ensuring standardized communication with external counterparties, custodians, and payment systems.
Automatic Message Triggers:
Messages are auto-triggered at key transaction events (e.g., deal confirmation, settlement, maturity), reducing manual intervention and ensuring timely communication.
Integration with SWIFT Network:
OBTR integrates seamlessly with a SWIFT interface (typically through a middleware like Oracle’s Financial Services Gateway or any third-party gateway), allowing real-time dispatch of messages directly to the SWIFT network.
P.S. Have questions about how this works in your market? We’ve got answers. Drop us a line at info@jmrinfotech.com