Netting Module

The multilateral netting module can be used as an integrated solution -within magnet™ or as stand-alone software.

As reporting procedures ‘payables or receivables driven Multilateral Netting’ are possible. It can be managed as a service or profit centre. As a profit centre version, different types of spreads are defined (standard, high and participant spread, if necessary, with threshold amounts).

The reports are entered manually or via an import function (with ERP mapping) by the participating companies. Messages can be entered or imported simultaneously for the current and any further netting period. The participant messages still go through a reconciliation process by the counterparty before the netting run. The controlling party is optimally supported by a magnet™ reconciliation function. Reasons for rejection are visible to the other party.