Electronic Confirmation Matching (ECM) provides you with optimal support for your back-office processes. Once the transaction has been saved in your procurement and trading system, such as SE:Supply&Trade, it is forwarded to our ECM cloud service, where it is fully automatically processed with the appropriate configurations. A status overview allows you to monitor the dispatch of the message and the confirmation from the trading partner. We support both Equias and Fidectus matching according to the EFET market standard.
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Services of SOPTIM ECM
- Commodities
Electricity
Natural Gas - Currencies
Euro
Swiss Franc - Product types
FOR (Forwards or transactions with a fixed price)
PHYS_INX (physical index or price index transactions) - Processes
Processing of all matching information according to the EFET standard
Notification, modification and cancellation of a transaction - Status query
Accept manual changes from the provider (e.g. “Terminated”)
Display of the current confirmation status of the transaction in SE:Supply&Trade
Transaction status can be changed by receiving a confirmation match
Support for bilateral trades with and without brokers
Support for trilateral transactions - eCM-Provider
Equias
Fidectus
- Commodities
Good reasons for SOPTIM ECM:
- Time savings due to significantly reduced back office workload
- Security through reconciliation once both parties have entered the transaction in the same way
- Process automation facilitates processing and ensures data integrity
- Greater security for timetable management, as data has already been electronically synchronised in advance
