Assaying: Recording multiple assays (default, shipment, buyer, seller, umpire, etc), application of splitting limits and umpire rules.

Settlements: Automatic calculations incorporating contract rules and assay results, provisional and final invoicing, partial and pre-payments, etc.

Position management: Comprehensive views including open positions per element, inventory, price risk, hedges, etc.

Mark to market valuations: Highly accurate M2M calculations capturing all payables, penalties, deductions, LME, location and quality differentials, costs and accruals, etc.

By combining all the features relevant to the business, the Eka solution helps effectively manage the flow of information across front, middle and back office operations, and across office locations, businesses and profit centers.

EKA’s CTRM solution has been deployed successfully by global trading and processing organizations, helping them to effectively manage risks while bringing operational efficiency in day-to-day operations.

To learn about how Eka can add value to your operations, click here or write to us at demo@ekaplus.com.

• Manage physical/financial contracts, swap contracts and concentrate contracts with various pricing methods – average priced, formula/index based, flat, and other more complex pricing, with support for TC/RC, payable metal, penalties & assay rules.
• Takes into account industry specific requirements such as tracking duty status (paid/unpaid) and the form of the metal (T-bars, ingots, cathodes, etc.).
• Comprehensive contract allocation management.
• Complete logistics details including inco-terms and title-transfer rules, optionality on load/disport locations
• Comprehensive management of all ancillary costs, fees and accruals, and impact upon true risk and P&L calculations
• Inco-terms are not just a label on the contract, the system recognizes and prompts when title transfer occurs based upon inco-terms and operational events and impacts true exposure, position and valuation metrics accordingly to represent reality.
• What-if trades and pre-deal analysis
• Integrated contract document creation tool

Tolling

• Manage tolling processes, set recovery ratios.
• Track Processed and Un-processed Stock
• Calculate COG of tolled material taking into account both tolling cost and material cost for accurate Inventory values.

Hedging

• Comprehensive management of OTC and exchange derivatives including futures, forwards, options, swaps and FX hedges.
• Hedge Accounting

Position Management

• Real-time position visibility across physicals and derivatives allows you to identify exposures and take appropriate actions, while currency risk is managed through forwards.
• Capture, measure and report transactions in real time giving a complete transparent view of physical & financial positions and exposures.

Physical M2M

• Calculate accurate mark-to-market valuation of open contracts and inventory by taking into consideration all cost & accruals, duty paid/unpaid and location premiums & discounts (e.g. Metal Bulletin and Midwest Transaction Premiums), treatment and refining charges.
• View exposures, perform M2M and P&L calculations, settlements, and of course allocate these to physical contracts.

Logistics

• Streamline distribution & movement of cargo from mine to finished product.
• Weights and costs updates happen at every contract execution step, and a comprehensive documentation module simplifies operations.
• Comprehensive management of logistics operations and processes including all associated fees, including impact upon title transfer and exposure.
• Multiple units of measurement, including wet/dry weight conversions
• Ability to track quantities and costs across entire logistics chain

Finance

• Eka’s finance module allows creation of invoices, updating payables and receivables, accrual management, monitoring cash flows and posting entries into your accounting package.
• The day & month end routine uses advanced algorithms to calculate and store the positions for the period, including net open physical, inventory, unrealized and realized P&L of physicals & derivatives and LME difference accounts, as well as finalization of averages.

Business Intelligence & Reporting

• Eka’s business intelligence tools help you understand how and why position and P&L are what they are, and how they have changed between any two periods, trade-by trade, and factor by factor. It enables the user to slice and dice the information.
• Generate multi-dimensional, cross departmental reports that gives users a 360-degree view of the organization’s positions, exposures and P&L
• Well structured, comprehensive suite of reports covering physical trading, logistics, stock, derivatives, currency, finance, end of day, end of month, position, mark to market, P&L. Exportable to spreadsheet, Word, HTML etc

To learn about how Eka can add value to your operations, click here or write to us at demo@ekaplus.com.