The French treasury, Agence France Tresor (AFT), uses TRADIX to support the French government’s debt and cash management tasks, and it will now adopt GL TRADE’s back-office module at the French Treasury (AFT).
The treasury will now use the TRADIX solution to handle and administrate all market operations from trade capture to settlement.
TRADIX provides automatic and secure processing of settlement-delivery instructions and cash flow operations. TRADIX generates all financial events used for trade confirmations and automatically transfers them to the French Treasury’s Central Accounting Agency (ACCT).
With TRADIX we can securely monitor all market operations from order placement to settlement then, adjust and balance our managed accounts in the accounting standards used by the financial sector on a daily basis”, says Jean-Pierre Cornillaut, Head of IT at AFT. “GL TRADEs cash management module was also chosen by AFT to forecast and track cashflow for the French government’s consolidated account.”
The official launch is planned for early 2007.