SunGard Announces eTreasury eXchange'
SunGard Treasury Systems has announced eTreasury eXchange, a secure, real-time link between the world’s largest corporate and government treasuries and their banks and other financial market trade providers. With a client base of over 1,000 corporate, government and financial service organizations including more than half the Global 2000, SunGard Treasury Systems’ eTreasury eXchange is positioned to connect treasury operations with the banks and other financial services partners who seek these large corporate accounts. eTreasury eXchange enables treasurers to access consolidated balance and transaction information in real-time and to integrate it into their treasury management workstation. Services include automatic retrieval of bank statements, online quotes, instant confirmations, electronic funds transfers and payment initiation. eTreasury eXchange version 1.0 replaces existing dial-up connections with secure, encrypted, real-time information flows, so that the treasurer’s positions are current at all times. eTreasury eXchange also provides treasurers direct execution of trades with selected banks and brokers, and automatic straight-through processing for settlement.