Honda Teams Up with Richmond for European Treasury Management
Honda Finance Europe has started live treasury management operations using Richmond Software’s Odyssey system. Honda Finance Europe has deployed the system to support pan-European funding operations, which use the issuance of Commercial Paper and Bills of Exchange as their primary vehicles. The issuance programmes are supported by bank facilities, and the system performs the arbitrage calculations, Foreign Exchange and cash management functions required by the financing operation. The second phase of the project is delivering extended integration and analytical processes, to enhance the core solution.