| Base60 FETREM is an eminent leader in real-time instant messaging (IM) based forex workflow and online rate negotiation. Base60 FETREM is configured for Forex Treasury operations with “Straight Through Processing”. Base60 FETREM allows institutions to have an automated workflow that deals with forex trading operations and online rate negotiation, whereby renders speculative gains to institutions by the execution of trading strategy in the forex market. Base60 FETREM is built and tailored for information distribution/broadcasting, online rate negotiation in the forex deal, transaction reporting, MIS reporting, authorization and confirmation, database integration/interfacing with head office treasury solution for online merchant position and reconciliation. Base60 FETREM facilitates institutions to
- Integrate branches with the dealers room at treasury
- Have various transactions reporting — Forex Reporting, Bulk Reporting, Delivery Reporting, Counter Party Clearance and Outward Remittance Reporting
- Send instant notification to the central users to pick up the deal
- Enable dealers to provide the rate online for the deal received
- Enable online chat between dealer room and forex branch through chat engine in regard to the rate negotiation
- Have automated workflow processes based on dynamically built rules for the Merchant Desk, Back Office and Branches by Straight Through Processing
- Generate reports for different activities carried out in the Base60 FETREM application
- Enable the branch user have offline data entry
- Publish swift message for all instaRemit users to the authorized and non authorized dealer branches and to parse the swift message into user readable format
- Integrate with virtual network connectivity (VNC) that provides support to the online monitoring and control of the whole system through remote services
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