TEMENOS T24 Product Overview

Meeting the challenges of today and

the opportunities of tomorrow.

A new age for banking systems.

TEMENOS T24

TEMENOS T24 is the most technically advanced banking system

available today. It combines the most comprehensive and flexible
business functionality with the most advanced and scalable
architecture. This gives it unprecedented power to meet the challenges
of today and the opportunities of tomorrow.

Technology
It is relatively easy to choose a system that
will meet todays requirements. What is
more difficult is choosing a system that
has the flexibility and support to meet
ones demands far into the future.
Changing a core system is an expensive
and time-consuming project and the
efficient organisation will do this as
infrequently as possible.

clients to experience this ever again.

In order to protect them, we have created
TEMENOS T24.

Open Standards
What do we mean by open standards?
TEMENOS T24 runs on:
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Throughout our history, TEMENOS has

replaced a significant number of legacy
systems. In almost all of these cases this
was due to two main reasons. Firstly, the
funtionality in the redundant system was
inflexible and limited. Secondly, our
clients were forced to replace their old
system due to technical restrictions.
Sometimes, these technical restrictions
were caused by a proprietary environment
(hardware, database, etc.) that had become
redundant. Often, the old system was simply
unable to cope with increasing volumes.

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Open hardware
Open database
Open J2EE application server
Open user interface through browser,
HTML and XSLT
Open connectivity through XML and
Web Services
Open C language code
Open Java development environment

Our system is based on established

industry standards as promoted by
independent bodies and not on the
particular interpretation of these
standards by other vendors.
What does this mean for our clients?

The replacement projects have brought

many business benefits such as increased
efficiency and new products, but the fact
remains that these organisations would
not have chosen to replace the system for
these reasons alone.
They were forced into a complex and
expensive project. We do not want our

Our clients can select the best vendor or

environment to suit their own needs
whether this is low cost, high performance,
local support or any other factor. If this
changes in the future, they can switch
vendor without altering their investment
in TEMENOS T24. This will provide true
longevity in their chosen system.

Scalability

TEMENOS T24 allows you to improve application

performance in a linear fashion by adding additional
capacity to an existing installation.
TO ADD FURTHER LOW COST SERVERS AS VOLUMES EXPAND

AND SCALABLE ARCHITECTURE THAT PERMITS OUR CLIENTS

What do we mean by scalability?

WE ACHIEVE THESE HIGH VOLUMES THROUGH AN EFFICIENT

TEMENOS T24 can support:

1,000 transactions per second
10,000 signed-on users
100,000 signed-on Internet users
50,000,000 accounts

We achieve these high volumes through

an efficient and scalable architecture that
permits our clients to add further low cost
servers as volumes expand. They do not
need to be constantly pushing the
boundaries of their hardware with all the
risk and expense that this entails.

The power to handle

every eventuality.

Non-Stop Processing

All finance and banking systems available

today have a traditional approach to their
clients daily close of business. This entails
having an end of day batch run. All
systems except TEMENOS T24, that is.

THEY HAVE ENTERED THE WORLD OF 24-HOUR SERVICE

HAS CAUSED PROBLEMS FOR FINANCIAL INSTITUTIONS AND ORGANISATIONS AS

TEMENOS T24 has no batch run and therefore there

are no constraints.

AT TEMENOS WE HAVE COMPLETELY ELIMINATED THE CLOSED BATCH RUN THAT

At TEMENOS we have completely

eliminated the closed batch run that has
caused problems for financial institutions
and organisations as they have entered the
world of 24-hour service. The
organisation and its clients can continue
to process business seamlessly as the date
change occurs. This also significantly
increases the scalability of the system
because legacy systems have usually been
constrained by the length of their batch
run. TEMENOS T24 has no batch run
and therefore there are no constraints.

If you so wish, TEMENOS T24 offers the

unique possibility of extended
independence from TEMENOS. This
extended independence is called selective
autonomy. Selective, because you choose
your level of independence depending on
your requirements and also on your
willingness to invest in learning the tools
and facilities that TEMENOS T24 offers.
These tools encompass powerful
functions such as input and enquiry
designers and database extension
designers to develop your own Java
classes. TEMENOS T24 itself may also
form part of a wider and standard systems
environment because its full range of
functionality and data are exposed
through standard industry protocols.

Local Development
All solutions offer some degree of
independence from their supplier. For
example, the client will use parameters to
define their charge tariffs and interest
rates without needing support from the
package supplier when these simple
product conditions change. However, as
your demands become more complex,
simpler packages will not offer the
flexibility necessary to support all the
changing requirements. You will be forced
to turn to the package supplier for
support, introducing delay and cost to the
change process.
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Non stop processing in

a non stop world.

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The Financial Industry Today

We believe that our Company, Products and Services provide the

platform, functionality and architecture to meet the immediate needs
and more importantly the future needs of the financial industry.
Financial institutions know better than
anyone the opportunities and the risks
they face in a constantly changing and
competitive environment.
TEMENOS does not claim to have all the
answers. However, we believe that our
Company, Products and Services provide
the platform, functionality and
architecture to meet the immediate needs
and more importantly the future needs of
the financial industry. With over 300
financial institutions using our software,
we have gained a broad and unique
insight into these difficulties and issues:
As advisors, financial institutions must
offer the latest information and services
through an increasingly complex set of
products. They must have immediate
access to this information and be able to
adapt their systems to manage the rapidly
changing market opportunities and risks.

As service providers, financial

institutions must be able to launch
increasingly complex products within
a short time to market. This can only be
achieved with an open, adjustable, robust,
and functional platform. Delivery
channels must handle the expanding
types of services provided by the financial
institutions to their customers.

As risk managers, financial institutions

are challenged by market volatility,
corporate irregularities and troubled
capital markets which have shaken the
banking industry and highlighted the
dangers of poor risk management.
Traditional risk systems cant capture the
inter-relationships between various risk
types across geographies, departments
and lines of business. In addition, the
new Basel Capital Accord is driving
financial institutions to adopt more
comprehensive risk management systems
in order to survive and succeed.

While financial institutions were

traditionally grouped into one of several
business areas such as Wholesale, Private
Banking or Retail Banking, we believe the
trend today is very much focused on:
International financial institutions
where the challenge includes multi-site
rollout and global consolidation.
To guarantee their market share and to
provide control they look to technology
and a partnership with their supplier to
support these constant innovations - this
includes business line organisation,
banking services outsourcing, Straight
Through Processing (STP) capability, and
integration after mergers and acquisitions.
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Smaller specialised financial institutions

that rely upon efficient, cost effective and
sophisticated business solutions. Typically
these financial institutions demand a high
level of professional service and support
from their supplier.

As lenders now face deregulation, the

challenges include a growing number of
specialised lending companies and
products. With globalisation the small to
medium financial institutions face
increasing competition from large
corporations.

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3 Specific business areas within any

financial institution (Departmental
solutions) requiring sophisticated software
functionality, with full real-time
integration and interoperability with other
information systems and databases. The
Information Technology group within a
financial institution expects best of breed
application software allied with industry
standards to ensure robust and secure
integration.

Medium to large retail outlets face ever

increasing competition with the opening
of global markets, and recent regulatory
changes. They look to counter this
challenge with modern, cost effective
systems. These systems need to provide an
innovative and reliable platform on which
to offer competitive products. One of the
most important factors for these financial
institutions is to change their focus from
a product-centric approach to a
customer-centric model with customised
services in order to increase revenues
from existing clients.

The in-house solution. This solution has

evolved over many years and now provides
institutions with a customised but costly
solution, which is difficult to maintain
and re-engineer.
The software packages of a general and
unsophisticated nature. This solution left
a gulf between the requirements and the
functionality offered with little, if any
flexibility. Financial institutions were not
then able to control, enhance or indeed
understand the internal processing and
mechanics of the system.
Having learnt the problem of in-house
systems and the generic software package,
financial institutions have two options
with todays suppliers:
A best of breed approach with standalone, bespoke software interfaced to the
core banking application using
middleware/data warehouse or point-topoint specific interfaces.

An integrated package with the

flexibility to be customised and enhanced
without relying upon the software vendor.

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3 Virtual financial institutions that base
their growth on aggressive marketing and
the latest technology, providing huge
reductions in overheads. This is a growing
trend and these financial institutions look
to vendors who share their vision to both
establish and support this dynamic
banking initiative.

With the complex array of business

objectives these institutions have relied on
one of two approaches towards solving
their system automation problems.

Both of the above provide an open

systems approach supporting
sophisticated and reliable systems
integration. TEMENOS T24 supports
both approaches and provides
unparalleled flexibility for supporting
business models and systems flexibility.

The Finance Business

Each decade has seen a major revolution in products, processes,

markets and regulations. This revolution is not about to stop or even
The only option is to adapt, change and
evolve.
RISK MANAGEMENT, MANAGEMENT INFORMATION AND ACCOUNTING

'CORE' WHICH INCLUDES FINANCIAL INSTITUTION-WIDE FUNCTIONS SUCH AS

slow down.
TEMENOS T24 PROVIDES ALL THE COMMON PROCESSES IN A CENTRAL

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It is therefore essential that a financial

institutions systems can support
this progress.
TEMENOS understands all facets of the
markets changes and challenges. Through
TEMENOS T24, we deliver a solution to
achieve these goals.
TEMENOS T24 is not a collection of
features or products but the expression of
our deep understanding of banking,
derived from many years of experience.

Why re-invent the wheel?

A few years ago the fashion was to have
dedicated systems for each business task.
De-centralised business operations
deployed applications with limited scope
to solve a particular problem. This
approach was appropriate when budgets
were large, but meant duplicating many
business processes. It also entailed
increased maintenance and increased total
cost of ownership, which is simply not
acceptable today. A further complication
arose in getting these disparate systems to
interact and this complication increased
cost, risk and complexity whilst
simultaneously decreasing efficiency and
speed of change.
The key disadvantages inherent with
multiple systems, connections and
platforms are that changes become
prohibitively slow, expensive and high risk.

This is not a problem faced by customers

of TEMENOS T24.
Beyond the advantages of flexible, scalable
and open technology our clients have
relied on TEMENOS T24s clear and
constant architecture.
TEMENOS T24 provides all the common
processes in a central core which includes
financial institution-wide functions such
as risk management, management
information and accounting.
Being centralised, they provide a
homogenous view of the entire financial
institution. This increases management
efficiency, reduces overheads and ensures
quality and security.
In addition to the core are a broad and
comprehensive range of business
functions that are specialised and
functionally rich. With a common look
and feel, all applications act in an identical
way. With a few simple navigation skills
clients can explore the entire system with
the confidence that each area will be
familiar and easy to understand.
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Navigating through
a complex world.

The customer is the heart of any financial institution,

the customer is at the heart of TEMENOS T24.

ONE'S DEMANDS FAR INTO THE FUTURE.

THAT HAS THE FLEXIBILITY AND SUPPORT TO MEET

Centralised Common Processes

WHAT IS MORE DIFFICULT IS TO CHOOSE A SYSTEM

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TEMENOS T24 brings all essential and

common functions into the heart of the
system. Grouping these functions together
allows the business application to provide
the greatest functionality for the specific
business need.

Customer Relationship
Management
The customer is the heart of any financial
institution and is the heart of
TEMENOS T24. Customer information is
created only once and all activities,
business, history and contact are based on
the unique customer profile. This enables
the institution to have an immediate, realtime and complete view of the customer
at all times.
In addition to the streamlined
management of customer information,
centralised customer management allows
product-wide views of customer activity,
holdings, and exposures. With
TEMENOS T24 a complete customer
view is at your fingertips and is
coordinated across your institution.

Process Management
In any institution the need to efficiently
define, manage and execute standard
processes is fundamental. With tools for
the definition of workflow plus
full-featured capabilities for image and
document management, the most
complex requirements are easily
supported. Whether capturing scans of
identity documents during account
opening or defining and executing
complex Loan Origination processes,

TEMENOS T24 Process Management

tools can define, manage and capture the
process and required data.

Risk Management
Accurate and complete understanding of
risk enables the financial institution to
control its positions and to competitively
price its products. The TEMENOS T24
core offers flexible risk management
support for market and credit risk.
It includes real-time positional analysis
including gap, sensitivity and VaR.
Credit risk includes comprehensive risk
structures covering all products with full,
real-time updating.
A strong collateral and margin system
also supports collateralised lending and
margin trading.

Connectivity
Since the very first banking applications,
it has been crucial that systems can
interact. That is why TEMENOS T24
supports not only technical connectivity
but also business messages and data. From
price feeds and deal capture to SWIFT
messages and local clearing, TEMENOS T24
has unmatched flexible connectivity. With
this central connectivity comes
application-wide access without the need
to re-implement similar connections
across all business areas.
All our connectivity options are
technically advanced and exploit the latest
standards such as XML-based messaging
and web services. This makes connections
simpler and less expensive to develop and
more reliable in operation.

Adapting to change.
Not just responding
to it.

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Company Structure, Accounting and Reporting

With an open reporting schema TEMENOS T24

can meet any reporting requirement.

Banking operations can require

sophisticated corporate structures to
comply with local regulations and
banking practices. To achieve this and
maintain economies of scale in processing
is a priority. TEMENOS T24 handles
multi-company, multi-branch and multicurrency corporate structures within one
installation. Consolidated processing of
transactions with separate legal entities
can be achieved with full security
and audit from transaction posting to
enquiries, significantly reducing
operational overheads.
These structures operate on a global
follow the sun basis offering true
24/7/365 international operations,
complete with global and real-time
constant risk and position management.
TEMENOS T24 is the only system to offer
this level of support for global operations.
TEMENOS T24 offers extremely flexible
and powerful multi-currency accounting
facilities, based entirely upon your needs.
TEMENOS T24 automatically maintains
general ledger information at whatever
organisational level specified. This avoids
the necessity to manually open and
maintain general ledger accounts and
ensures that the financial accounting
automatically reconciles with the
underlying business. TEMENOS T24s
reporting tools produce the standard
accounting reports such as balance sheets,
profit and loss statements, trial balances
as well as more sophisticated account
management information.

With numerous reporting requirements,

a centralised reporting infrastructure can
significantly reduce the effort and
manpower required. With an open
reporting schema TEMENOS T24 can
meet any reporting requirement.
TEMENOS T24 handles regulatory
reporting and automates the production
of legal and regulatory reporting for
financial institutions, while ensuring its
accuracy and integrity.
The full range of reports for areas such as
management, head-office, internal
reports, Central Financial institution and
customised ad-hoc reports can be
produced and amended as required.
TEMENOS T24 is constantly updated
to the latest regulatory requirements
such as Basel II and International
Accounting Standards.

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Management Information
& Profitability
TEMENOS T24s Management
Information system is a comprehensive
and institution-wide data warehouse
specifically designed for providing
information on positions and profitability
encompassing a wide variety of views
such as customer, department, officer
and product.
Profitability is shown net of funding and
operational costs, enabling the institution
to clearly derive and understand the true
contribution that each customer,
department or product is making to the
bottom line.

Management Control, and Audit

With TEMENOS T24, security does not
have to be a burden. All staff members
have a profile, which defines permitted
access and functionality. Once signed on,
TEMENOS T24 checks each activity
against the profile to determine validity,
ensuring unacceptable attempted actions
are prevented and recorded.
For each profile, permitted activities may
be defined according to a combination of
company or branch, business area,
function or customer. This means that it
is possible to specify precisely which
information may be accessed.

Centralised Access Control coupled with

activity limits and defined authorisation
make TEMENOS T24 ideal for reducing
operational risk. Real-time limits at staff
level, group level, department level,
trading desk, customer and many other
defined levels ensure management has
oversight on the proper running of the
organisation.

Enterprise Console
The Enterprise Console provides the IT
function with the ability to understand
and control TEMENOS T24s operation
at all times. It includes facilities to
monitor queues, response times and
activities in real-time. Warnings are issued
regarding exceptions such as unusually
long response times, unusually high
backlog on queues etc. The console
enables TEMENOS T24s activities to be
started and stopped according to time and
workload. The TEMENOS T24 Enterprise
Console may be controlled from other
enterprise-wide management systems.

Specialised Line of Business Applications

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In a competitive market the ability to create and manage

new products separates the winners from the losers.

TEMENOS T24 retail and small business

banking functionality provides the
flexibility to thrive in this market by
providing more sophisticated services to
the most lucrative customers.

Day-to-day banking services

Branch banking is the mainstay of retail
banking and will remain so in the future.
TEMENOS T24 provides all the

Sheer strength. Sheer resilience.

Meeting clients day-to-day banking

requirements also means providing access
to services anytime, anywhere and
anyhow. Complete multi-channelled
banking using call centres, internet,
telephone, plus any new future channels
allows customers full access to banking
services exactly when and how they want.

Savings Products
In a competitive market the ability to
create and manage new products
separates the winners from the losers.
TEMENOS T24 offers the ability to create
and manage savings products and
accounts with incredible flexibility.
Adaptable charges, thresholds, interest
tiers and many more options can be
combined to make the product right for
the market. In conjunction with the
centralised CRM processes, cross-selling
of services can increase campaign success
and product sales.

OF ONE OR MORE HARDWARE COMPONENTS

Significant shifts in consumer lifestyles

and life stages are a major force driving
change within retail banking. With the
demise of the longest running bull market
in history, an increasingly educated,
demanding, diverse and technically aware
customer is seeking more advice, more
choice in financial facilities and, more
importantly, better service. Firms that
respond to these consumer demands have
the opportunity to reap the dual rewards
of customer loyalty and consistent,
long-term profitability.

OF SEAMLESS OPERATION IN THE EVENT OF FAILURE

Retail and Small Business

Banking

functionality needed for the smooth

running of day-to-day retail banking.
The full range of teller transactions from
deposit taking and cheque processing to
till reconciliation and passbook printing
is exactly what TEMENOS T24 provides.
In addition to in-branch operations,
TEMENOS T24 provides a full payments
infrastructure from simple retail funds
transfers and local clearing to
international transfers supporting
international clients and businesses.

TEMENOS T24 PROVIDES THE ASSURANCE

The heart of TEMENOS T24 provides

a solid foundation for your institution
to manage customers, processes,
risks and monitor ongoing activities.
TEMENOS T24 provides specialised line
of business functionality which provides
the full range of banking and
financial services.

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Mortgages and Loans

TEMENOS T24 has been designed to
process all types of loans and mortgages.
With the core of TEMENOS T24 it is easy
to view accounts and collateral register
and payment schedules. This view greatly
assists the financial institution through all
stages of a loan, from application and
credit granting to payment processing,
risk management and P/L analysis.
The combination of flexible interest and
draw-down conditions with true multicurrency and multi-lingual capabilities,
ensures your institution can offer
customers tailor-made credit facilities and
superior customer service. TEMENOS T24
allows you to launch innovative Loan and
Mortgage products as required, thus
maintaining your edge in the market.

Specialised Retail Services

Attracting the right clients and retaining
the best ones can be achieved with superior
retail banking services. To excel, there will
always be a need for specialised branch
services. Taking applications for complex
products or arranging one of specialised
transactions, any special situation can
deliver superior customer service the most
lucrative clients expect. TEMENOS T24
provides the functionality to handle deals
and transactions as required.

Private Banking & Wealth

Management
One of the main problems facing private
financial institutions today is introducing

operational efficiency. The industry

remains in a transitory and evolving
phase with unpredictable economic
conditions, substantial regulatory changes
and higher expectations from high
net-worth clients. To achieve cost effective
market leadership, private financial
institutions need to adopt flexible endto-end solutions in order to meet these
challenges and harness the extensive
opportunities within the market.
TEMENOS T24 provides comprehensive
functionality designed to provide a
complete solution for any business model
within the Private Banking industry.
The module offers extensive flexibility and
can be customised to meet numerous user
needs across a variety of channels.
Seamless information access with
drill-down capabilities ensures quick
and efficient information retrieval for
adjustment, analysis and processing.
Covering financial relationship
management, portfolio valuation,
performance measurement, benchmark
customisation, composite creation &
management, portfolio risk analysis,
strategy & model portfolio administration
and modelling functionalities.
TEMENOS T24 encompasses an
advanced high touch capability in the
front-end and a fully functional back-end
solution. It also delivers successful
propositions to wealth clients in the short
time-frames required today, whilst
naturally adhering to market standards
such as AIMR-GIPS and SPPS.

TEMENOS T24 provides dealers with real-time,

financial institution-wide positions.

TEMENOS T24 has been designed to help

you effectively build and coordinate your
relationships with clients and manage a
range of financial events across a multitude
of channels. The functionality is tailored
according to specific business processes
that ultimately ensure operational cost
efficiency and an understanding of your
customers demands.
TEMENOS T24s brokerage functionality
enables financial institutions to offer
advanced, end-to-end, multi-channel,
multi-market brokerage services. The
solution encompasses the latest front-end
capabilities with a wealth of interactive
decision support tools, information feeds
and access points. As well as an astute
back-end including order management
and execution capabilities, the ability to
integrate other diverse banking services is
easily achieved. TEMENOS T24s brokerage
functionality provides extensive facilities for
trade, administration, safe custody and
settlement of international securities.
The system is able to record and manage all
settlement events from the issue or receipt
of a security to maturity, including cash
settlements, fees and commission.

Treasury
The challenges to develop and maintain a
competitive and efficient treasury
operation have never been greater. The
flexibility to obtain volume on existing
products while mastering new products,
techniques and regulations requires
a flexible system and a provider at the
forefront of treasury operations.

TEMENOS T24 is a powerful front,

middle and back-office treasury
management system providing fully
integrated treasury, risk management, and
accounting capabilities. It encompasses all
the features you would expect in a
leading-edge system with flexible and
comprehensive pricing models on all
commonly traded instruments covering
Money Markets, FX, Futures and Options.
The TEMENOS T24 treasury
functionality includes price quotation,
position taking, mark-to-market, risk
management and VaR calculations. These
are provided across the full range of cash
contracts, off-balance instruments and
derivatives. To control risk, transaction
limits and risk limits are monitored
financial institution-wide in real-time and
on-line. This assists in hedges, the trade in
domestic and international financial
markets, and the structuring of financial
packages to customer requirements.

Front Office
TEMENOS T24 is at home in the front
office as an integrated treasury
management solution. It presents
comprehensive dealer desktop, risk
management and performance
measurement capability across the full
range of physical and derivative treasury
instruments. Deals can be priced and
captured through the front office or
imported from external sources. The query
engine provides analysis and reporting,
producing result sets comprising any data
contained in the database.

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TEMENOS T24 provides dealers with

real-time, financial institution-wide
positions. Cash movements in the
branches or from ATM machines will
automatically be updated in positions
including all risk analytics.
3
3

3
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DERIVED FROM MANY YEARS OF EXPERIENCE.

BUT THE EXPRESSION OF OUR DEEP UNDERSTANDING OF BANKING,

TEMENOS T24 IS NOT A COLLECTION OF FEATURES OR PRODUCTS

Dealer blotter for daily deals

Real-time financial institution-wide
reporting (positions, accrual and Mark
To Market P&L, Gaps, etc)
P&L includes historical reports and
NPVs
Limit reports can be set-up on any
field within the TEMENOS T24
environment
The ability to upload market rates,
plus improved EBS and Reuters Feeds
Risk Analytics
Yield curve manipulation the ability
to shift the yield curve or perturb it
along grid points
Scenarios and simulations to see the
effect of market changes on the P&L
Value at Risk (VaR) for the portfolio,
dealer desk or currency. Limit
reporting also allows a VaR limit to be
tracked

Middle Office
The goal of the middle office is to analyse
and manage market, currency and credit
risk. Without real-time tools and an
instantaneous view of positions the
market quickly outpaces this task.
In the middle office TEMENOS T24
provides a fully managed transaction
lifecycle and exceptions processing from
deal capture, amendment, reversal,
confirmations, settlement, risk analysis,
mark-to-market and accounting, to
enable proactive real-time management of
Treasury Operations.
TEMENOS T24 enables modelling of
financial markets based on the derivation
of underlying yield curves based on
market quotations for specific
instruments. Instruments can be chosen
to provide a good indicator of the
expected yield at different maturities.
Scenarios incorporate assumptions about
possible market shifts. NPV calculated
under user scenarios may be compared
with NPV calculated at the market to
give an understanding of how potential
market changes will affect PL. Parametric
VaR provides continuous monitoring of
risk on trader positions and guidance on
efficient hedges. Traders may be required
to keep exposures within specified VaR
limits and the system will generate
routine reports of limits, exposures and
exceptions. Historical VaR measures
vulnerability to repetition of specific
patterns of risk which have occurred in
the past, providing a check on
parametric estimates.
3 Prepared for anything.

24

From the use of SWIFT messages and support for central utilities,
TEMENOS T24 automates key processes to ensure a quick and
efficient back office operation.

Back Office

Corporate Lending and Financing

TEMENOS T24 drives efficiency in the

back office by providing efficient
settlement and management of all back
office activities. From the use of SWIFT
messages and support for central utilities
TEMENOS T24 automates key processes
to ensure a quick and efficient back
office operation.

From small commercial loans and

equipment leasing to placement of large
syndicated loans, TEMENOS T24 handles
the full spectrum of Corporate Lending
possibilities. This broad functionality
enables you to grow with your customer
to provide the best financing options
efficiently whilst retaining existing
relationships and nurturing new ones.

The full front-to-back managed

transaction lifecycle ensures proper
containment of operational risk with a
focus on reduced settlement cost and
reduced data maintenance.

With straightforward administration of

Commercial Lending, TEMENOS T24
ensures efficient control and accounting
of Loan, Leasing and Commitment
products.

Wholesale Banking
Corporate Banking is undergoing a
number of marked changes that will
fundamentally alter the nature of
wholesale banking. The ever-expanding
needs of large and medium size
institutions for real-time information and
access to sophisticated products and
services at lower cost is driving the need
for a diverse product. Even long-standing
correspondent banking services present a
competitive offering. With this structural
change TEMENOS T24 makes the
difference in every business area by
offering more.

For the placement of significant corporate

loans, TEMENOS T24 provides
sophisticated capabilities for Syndicated
Lending. It comprises management of
syndications of large corporate and
commercial loan facilities to Agent and
Participant functions once the syndicated
loan is operational.
TEMENOS T24 manages the entire life of
a syndicated loan from lead manager
mandate through to the final maturity
date of the loan with the ability to handle
all the roles involved in this type of
lending from participant to agent.

From small commercial loans and equipment leasing to

placement of large syndicated loans, TEMENOS T24 handles
the full spectrum of Corporate Lending possibilities.

Trade Services
Globalisation has led to an increase in
international activity in every aspect of
business. To excel in the commercial
marketplace, institutions have to offer the
services your clients demand. TEMENOS
T24 provides full functionality in trade
service from international payments, to
risk products in trade finance.
Processing of International payments
and remittances is a standard feature of
the integrated payments infrastructure
and allows efficient and streamlined
cash management.
TEMENOS T24 provides you
unparalleled functionality with
international trade instruments such as
Letter of Credit guarantees, Bills of
Exchange and Drawings. These
applications provide processing logic for
both import and export products.
In conjunction with superior
connectivity and the ability to efficiently
create and send instructions, documents,
and payments using networks such as
SWIFT, TEMENOS T24 optimises the
flow of information and money at
a reduced cost, ultimately increasing
customer satisfaction.

Correspondent Banking Services

Correspondent banking services have
gone through a dramatic evolution with
market forces increasing the pressure to
reduce costs and to rationalise operations.
This quickens the evolution of technology

in transaction processing and

telecommunications, which drives the
globalisation of the financial markets and
the need for containment of risks.
It also increases the obligations laid upon
financial institutions relating to the
prevention of fraud, insider trading or
money laundering.
TEMENOS T24 provides full
correspondent services covering current
account related services. These include
payments services and collections,
reconciliation of Nosto and Vostro
accounts, credit related activities such as
the granting of credit lines for money
market, foreign exchange market and
derivatives trading and trade finance
related activities.
With a centralised approach all these
services can be provided with streamlined
controls on exposure and the assurance of
regulatory compliance.

The Perfect Match

TEMENOS T24 is truly the perfect

match of open technology coupled with
the knowledge of todays financial
business that provides uncompromising
flexibility, scalability and longevity of
your next financial system.

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TEMENOS Headquarters SA
18 Place des Philosophes
CH-1205 Geneva
Switzerland
Tel: +41 22 708 1150
Fax: +41 22 708 1160
To find out more about a TEMENOS office near you, please visit
www.temenos.com

TEMENOS

, are registered trademarks of TEMENOS HOLDINGS NV

in Switzerland and other countries.

All rights reserved.