SEB Offers FX Execution to Corporate Clients
Following a collaboration with Nordic Financial Systems (NFS), SEB Merchant Banking has implemented a system offering foreign exchange execution to its corporate clients via their TMS. Electrolux has become the first company to implement this solution, which the bank claims will achieve a full e-channel/service for FX execution, confirmation and settlement. The solution employs NFS’ e-Deal Router which allows FX transactions to be executed in real-time between different systems by detecting a possible transaction in the clients’ treasury management system and routing and processing them via the Trading Station Interface. SEB and NFS integrate the information from clients’ existing treasury management systems in order to automate FX dealing from back to front office. The back office will reconcile account statements and payment instructions and automatically generate individual trades.