Cash flow forecasting
Derivatives & EMIR
This leading player in the thermal management technologies sector, with head offices in Northville/Michigan (USA), globally develops, manufactures and distributes innovative systems with heating, cooling and ventilation-related functions for various applications and markets. Gentherm maintains a global presence through subsidiaries in 14 countries and employs over 9,000 personnel. This NASDAQ-listed company generated revenues of over USD 800m in 2014.
Corporates have been required to report their OTC derivatives since 12 February 2014. Numerous providers offer technical solutions for this – but these alone are not the answer. Complying with its reporting obligations in cooperation with an experienced and flexible partner was a key decision-making criterion for Gentherm. The goal was for reporting trades to be possible for users in just three steps: Capturing a trade, creating the reporting file and uploading this to the trade repository.
After specialist consulting inputs regarding typical field entries and calculation options for the various asset classes, the project entailed the configuration of a system with simplified user interfaces (unnecessary fields are hidden, background information relevant to the fields is displayed). The capturing of trades is possible both manually and via interfaces. The current reporting status of trades and the confirmations from the trade repository are always visible in TIP itself in the form of an overview page.
„Despite many unknown variables we managed to implement partially automated reporting in a short period of time. We are always promptly informed about our options in response to changes relating to regulations and the trade repository.“
Nicole Schröppel,Senior Referent Treasurer, Gentherm Inc.
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