As an extension of back office services, the InFoReX Solution Line offers comprehensive settlement services both in HUF and foreign currency settlement for the treasury function. The settlement functions of InFoReX were designed in such a way that they are not only compatible with the InFoReX treasury modules, but also with any application with standardized interfaces.

CUSTOMER ORDER MANAGEMENT

Basic settlement tasks include customer order management. InFoReX provides full services in this area, including sending and receiving MT103, MT202 and MT205 (payment abroad in home currency) messages, cheque (MT110) management and the generation of customer notices. The system has all necessary SWIFT, VIBER and GIRO functionalities required for any type of general treasury transaction, and allows users to carry out automated conversions with various exchange rates and manage pre-dated transactions.

InFoReX offers the above functionalities in compliance with anti-money laundering regulations (compliance with built-in user-scaleable "blacklist") by managing the use of mandatory code words for each customer. The system also has a tool for the comprehensive management of confirmation messages related to settlement processes (automated / manual sending, receiving, reconciliation).

COLLATERAL CHECKING

The InFoReX automated external and internal collateral checking service is closely related to the settlement function, and provides a link to account management. Not only can the system carry out internal collateral checks for the operator (either within InFoReX or in cooperation with other account management systems), but it can also manage external requests for collateral checks.

MANAGEMENT OF CHARGES

InFoReX has built-in tools to manage charges, commissions and interests related to settled amounts, and it can use several settlement methods (immediate, periodical) and calculation methods (constant, %, brackets) simultaneously. In order to simplify customer charge structures, users can adjust general and special conditions. In the case of transaction charges, the system supports the use of BEN / OUR / SHA options, and it can provide assistance in collecting charges (MT190, 191).

SETTLEMENT OF TRANSACTIONS IN OWN CURRENCY

In addition to the settlement of customer transactions, InFoReX also supports treasury settlement, including basic Nostro payments (MT202) and transfers (MT200 / 202) and transaction settlement (MT202).

SETTLEMENT TASKS

The InFoReX system allows users to carry out cash flow, treasury, credit etc. transactions through various settlement systems. Most important systems include SWIFT, RTGS, STEP2, GIRO (domestic settlement system).

Top