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Unprecedented change in economic conditions has resulted in increasing price volatility, deviations in capacity utilization and escalating energy costs. We understand that metal buying and fabricating is not a standalone business, linked closely as it is with other major sectors like manufacturing, construction, natural resources and energy. As a metal fabricator you have to also plan for the time lag between purchase of metal and production of the final product, as any variation in price could affect the bottom line. However, how can you continue to keep track of this altering ground without losing focus on your core business? Is there some way by which silos of information in critical business areas can be combined to give you a holistic picture, where the hedging process integrates with the rest of the operations. Is there some way that you could get a comprehensive view of the open risk position against combined physicals and derivatives in real time so that exposures are identified immediately giving you time to take appropriate action.
The Eka Metal Fabricators solution has been created to touch all those pain points you have been experiencing and addresses those areas with finesse and intelligence. It offers a technologically and functionally superior, out-of-the-box offering that would help you to streamline your business needs. To start with, EKA will easily integrate with your ERP and import physical trade and delivery information. For hedging and price risk management, the Eka Metal Fabricator’s solution calculates your exposures, provides you with the all necessary functionality for LME and FOREX trading, and provides you with key business intelligence data for analysis, visibility and control. Price risks, positions, P&L and exposures thus become far easier to manage, giving you the hedging advantage along with dashboard and analytical capabilities to assist you in crucial decision making.
Eka’s customers have been using Eka’s solution to address those issues which affect its core business and bottom line because with Eka’s solution backing it, businesses can now focus on their core business. Several organizations worldwide have used Eka’s CTRM solution to their advantage.
To learn about how Eka can add value to your operations, click here or write to us at demo@ekaplus.com.
Physical Contract Management
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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.
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Takes into account industry specific requirements such as tracking duty status (paid/unpaid) and the form of the metal (T-bars, ingots, cathodes, etc.).
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Comprehensive contract allocation management.
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Complete logistics details including inco-terms and title-transfer rules, optionality on load/disport locations
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Comprehensive management of all ancillary costs, fees and accruals, and impact upon true risk and P&L calculations
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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.
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What-if trades and pre-deal analysis
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Integrated contract document creation tool
Tolling
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Manage tolling processes, set recovery ratios.
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Track Processed and Un-processed Stock
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Calculate COG of tolled material taking into account both tolling cost and material cost for accurate Inventory values.
Hedging
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Comprehensive management of OTC and exchange derivatives including futures, forwards, options, swaps and FX hedges.
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Hedge Accounting
Position Management
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Real-time position visibility across physicals and derivatives allows you to identify exposures and take appropriate actions, while currency risk is managed through forwards.
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Capture, measure and report transactions in real time giving a complete transparent view of physical & financial positions and exposures.
Physical M2M
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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.
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View exposures, perform M2M and P&L calculations, settlements, and of course allocate these to physical contracts.
Logistics
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Streamline distribution & movement of cargo from mine to finished product.
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Weights and costs updates happen at every contract execution step, and a comprehensive documentation module simplifies operations.
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Comprehensive management of logistics operations and processes including all associated fees, including impact upon title transfer and exposure.
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Multiple units of measurement, including wet/dry weight conversions
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Ability to track quantities and costs across entire logistics chain
Finance
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Eka’s finance module allows creation of invoices, updating payables and receivables, accrual management, monitoring cash flows and posting entries into your accounting package.
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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
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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.
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Generate multi-dimensional, cross departmental reports that gives users a 360-degree view of the organization’s positions, exposures and P&L
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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.
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