Triquesta hereby announces that Rabobank International (RI) has put the Triquesta Collateral Manager™ into operational use for its daily collateral and risk management monitoring of their Trade and Commodity Finance activities.
Rabobank International is an entity within the highly rated Rabobank Group and is a large global player in Trade and Commodity Finance (TCF). Currently, the TCF department operates out of eight global offices and this number is likely to expand in the coming years.
The Triquesta Collateral Manager™ is an integral collateral and risk management suite for banks active in trade and commodity finance. The management of each facility agreement between obligee and obligor, which is the basis for drawdowns and issuance of credit instruments against (self liquidating) collateral, is one of the core qualities of the system.
“The Triquesta Collateral Manager™ will replace the Excel spreadsheet infrastructure that is used for monitoring the positions. The system will provide a more stable platform with standardized collateral management processes, offering proper security arrangements and audit trails.” says Fred van Hedel, global head risk management at Rabobank International.
“We are delighted with Rabobank International as the first operational user of our system. Rabobank is a highly reputable bank and an established global player in commodity finance” says Martijn Voorhuis, Director at Triquesta. “This is the first global bank taking a commercially available collateral management system in production for a wide variety of complex structured commodity finance products, including transactional finance, borrowing base and commodity repos”.