Case Study: Metalor’s Treasury Transformation

The gold and precious metals firm’s project has involved moving from Excel and fax-based systems to a new SAP enterprise resource planning (ERP) and treasury management system (TMS) infrastructure. The firm also now uses SWIFT MT messaging to deliver enhanced connectivity and efficiency.

“I believe we’re one of the first corporates to use MT 604/605 messages for trading. We’re using MT 940s for bank communication too,” Baptista explained.  

The upshot of the technology and related-organisational overhaul at Metalor’s treasury is that, “we can now trade easily on Bloomberg, covering foreign exchange (FX), options on gold, silver, and platinum, and on interest rates,” said Carrera. “Everything is automated and more efficient now.”

Aniket Kulkarni, director of treasury and trading at PwC Switzerland, which assisted with the long-running project and the technology vendor selection process, detailed the scope of the project when he explained Metalor did 70,000 trades with banks on the metal exchanges. “There is huge volume there” and “a dynamic, speedy hedging approach” is important because the precious metals markets are volatile and fast-moving. Metalor should now be ready for revolutionary change and wall-busting innovation thanks to their adoption of new technology.

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