Reuters Kondor Trade Processing

Proven integrated cash and financial risk management solution for corporations and financial institutions

Kondor Trade Processing is a market-proven multi-entity treasury management system for corporate treasuries and banking back offices. Today, over 200 clients rely upon Kondor Trade Processing to manage their treasury operations globally.

It operates across all instruments and can be fully customized and easily upgraded for new users, types of instruments and modules. An open framework allows smooth connection with third-party products via standard middleware adapters or interfaces using open APIs.

Overview
What's Included
Features & Benefits
Tech Specs

With Reuters Kondor Trade Processing, you can:

Support cash and financial risk management all in one system
To get a full picture of an organization’s cash position and manage financial risks from a global perspective, Kondor Trade Processing monitors treasury cash flows as well as a wide range of financial instruments, all within a single system. There’s no need for extra applications: you can see your entire treasury activity centrally and reduce your system costs.
Centralize cash management for Corporate Treasury
Kondor Trade Processing’s web module means all remote subsidiaries can interact with the central treasury on a single shared system (for reporting, budget forecasts, payments, loans & deposits, FX deals…).
Meet all back-office and treasury accounting needs
With its wide functional scope, Kondor Trade Processing is a robust and very comprehensive treasury and back-office system that meets all trade processing, cash and accounting needs.
Deploy easily and cost effectively using a web interface
Kondor Trade Processing can reach your remote subsidiaries or affiliates easily. This makes for smooth deployment and reduces your costs. The whole company can leverage the central treasury system: all you need is a browser.
Minimize the need for manual intervention
The system includes tools for deal processing, delivery, confirmations, payments, collateral management and accounting entries across all instruments.
Reduce administration and cost per transaction
Increased automation and reduced operational risk throughout the enterprise help to reduce administration and costs.
Customize for local market conditions and specific needs
Kondor Trade Processing’s open, flexible structure means it can be easily adapted to local market conditions and customer requirements without the need for hard coding. Our global installed customer base is a testament to client satisfaction and the system’s proven abilities.

Kondor Trade Processing tools include:

• Processing
• Delivery
• Confirmations
• Payments
• Collateralization
• Accounting
• Messaging
• Cash management
• Treasury centralization
• Reporting
• Tailored workflow management

Why choose Kondor Trade Processing?

Cross asset coverage
Forex, OTC options, money market, interest rate derivatives, securities and credit derivatives. Corporations and banks can manage a wide range of instruments in a single system from front office features to back office and accounting.
Multi entity processing
Conversion into different local currencies plus postings either in the original trade currency or in the converted base currency.
Cash management module
Kondor Trade Processing handles the netting of all automatic and manually entered payments according to a range of criteria. The bank reconciliation module enables you to manage forecasted payments with nostro and vostro account statements supporting all types of formats, such as SWIFT MT940/950 and MT942.
Web portal
Subsidiaries can use this to interact with the central treasury regardless of location and language. Remote users can capture loans and deposits, FX transactions, budget forecasts, transfers (excess of cash or funding) as well as using it for reporting (account statements, interest scales, deal journals…).
Messaging
Standard SWIFT interfaces for all kinds of SWIFT messages can be provided via industry standards such as SWIFT Alliance. Confirmation matching can be linked to standard services, for instance SWIFT Accord or SWIFTNet Accord and messages can be sent out to clients in various formats including fax, email or SMS.
Accounting and reporting
All data related to currency dispositions and postings can be exported from Kondor Trade Processing in real time or at the end of the day. Corresponding accounting entries can be produced prior to sending postings to the general ledger in a user-defined format. The accounting interface can be designed as a simple FTP file transfer, database-to-database connection or event-driven interface via a standard middleware adapter. As well as handling local accounting schemes, Kondor Trade Processing has a large library of standard accounting reports, which support IFRS and US-GAAP methodologies, each proven through our global client base. New accounting postings and customized reports can be configured in accordance with local market needs.