Payment for which the content matches counterparty risk criteria is routed to a specific queue, for further manual decision. Instant âstop sendingâ features are also available in case of unexpected situations, that may act as global or more selective payment filters. Marc Raimbault, CEO of Diamis said: âCRISTAL enhanced flow control functionality is unlike any other offering, especially in such a difficult period of financial markets turmoil, where treasurers have to constantly keep an eye on their outflow â.
Sabine LÃ©vÃªque, Diamisâ Deputy Manager and CRISTAL product Manager, reported: âWe have received very good feedback from our customers that CRISTAL plays a major role in the current procedures for preventing counterparty and liquidity risks. We are also working with them to expand the scope and reliability of CRISTAL flow control featuresâ.