Ritro Treasury Services ('Ritro') is a subsidiary of Hesta, a diversified Swiss industrial conglomerate. Ritro is established as a shared service company offering operational treasury services to Hesta subsidiaries and a number of third party companies.
The main tasks for their treasury services center are financing, debt management, cash management, cash pooling, cash liquidity planning, investment management, interest rate, foreign exchange, Controlling / back office, Reporting (open positions, valuation of positions, etc.) and credit/counterparty risk management. Each client requires a single database to be set-up with subsidiary (i.e. legal entities) hierarchy and portfolios with various levels of sub-portfolios, along with position management, risk analysis and management. Reporting is also required on a combined client level. Clients can have individual reporting currencies, different settlement counterparties and settlement instructions as well as customised netting and pooling structures.
integra-T.comâs ability to deliver a flexible and powerful solution with good economic returns led to the replacement of a competitorâs system. integra-T.comâs open platform and connectivity with banking software, electronic dealing systems, market data providers and Ritroâs accounting system were also key considerations.