Eka’s powerful functionality includes managing current physical delivery commitments and future production forecasts, using LME and Nymex based derivative instruments to hedge the price risk for both, and streamlining logistics. You can create contracts for physical spot deliveries and forwards, and manage the complete physical movement of the cargo, right from booking of vessels, trucks and containers, through to shipment, intermediate storage and delivery to the customer.

The Eka application also helps you manage the complete documentation flow, including invoices, shipping advices, packing lists, instructions to transport companies, freight forwarders, warehouses and customs agents. At any point of time, you can view your entire physical position, including stocks across mines and warehouses, cargo in transit, as well as product delivered to customers.

For price risk management, you can hedge both current sales contracts as well as possible production output for the future. At any point of time, you can view your net position, hedges and exposures across delivery periods. To assess your risk profile, you can calculate your mark to market position on both physicals and futures and take appropriate action based on the same. The system also allows you to track factors responsible for an increase or decrease in PnL between any two dates, so that you can isolate favourable and unfavourable factors in order to devise relevant strategies and take appropriate actions on the same.

All contract information is easily integrated with your other packages (ERP, accounting, master databases, etc), made possible by Eka’s integration layer. This ensures that your valuable data is shared across the company, eliminating any duplication of effort and supporting decision making at all levels.

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.