treasurylaunchpad.com (TLP) is KTS's ASP (Application Software Provider) proprietary system, which is supported, maintained and continuously being upgraded by our own IT team. TLP forms the basis of KTS's range of services which is based on managing and controlling the foreign exchange risks and processes within the treasury function.

While TLP records the known commitments and receipts and the resultant financial transactions relating to these known commitments and receipts, it has up to now, not been able to facilitate the straight-through-processing of foreign payments directly with the bank. In order to aid the straight-through-processing of foreign payment instructions, KTS and FNB International Banking (FNBIB) have developed a secure foreign payments interface.

The FNBIB/KTS foreign payment solution allows clients to create their foreign payments directly from TLP without having to re-capture the payment information into another system or manually fill out forms which are then sent to the bank. TLP interfaces directly to FNBIB's foreign payments environment thereby providing clients with secure straight-though-processing of foreign payments.

Once FNB has received the payment it is verified and validated and then sent for credit and exchange control authorisation. Payments may only be released by FNBIB into the SWIFT network once all the relevant exchange control requirements have been met, i.e. all relevant documentation has been sighted by FNBIB or import document dispensation is in place.

STP of Foreign Payments via TLP:

• Foreign orders, the resultant bank transaction and the payment are all managed from one system, i.e. TLP.
• Reduces the number of entry points for all foreign exchange transactional information.
• Processing of foreign transactions without the need to re-key information. Thereby eliminating errors and improving productivity and accuracy.
• Automated control of segregation of duties.
• Flexible authorisation structure.
• Secure management of foreign beneficiaries and settlement instructions
• Transparent processes
• Improved efficiency within the entire payment process
• Ability to accumulate transactions into single settlements.
• Eliminate manual process of advising the bank of settlement instructions
• Eliminate the risks associated with providing settlement instructions in a paper based environment
• Foreign payments can be prepared in advance.

For more information please contact Sharon Fraser on 011 317 2300