Commodity XL for eConfirmSolution for electronic and fax confirmation matching
Commodity XL for eConfirm – Confirmation Matching Software for European Power and Gas Markets
Are delays in confirmation matching causing inaccurate position and exposure information to feed into your risk management decisions?
Does corporate governance demand a reduction in the number of days confirmations are outstanding?
Is your current confirmation-archiving system auditable, easily traceable, and able to protect against counterparty system failure?
- Commodity XL for eConfirm provides European power and gas markets with the complete solution to automate both electronic and fax trade confirmations in one system. Electronic confirmations are matched in accordance with EFET standards.”
Compliance & Control
Automate All Trade Confirmations
Commodity XL for eConfirm™ is a revolutionary confirmation matching solution that extends Triple Point’s straight-through processing capability to connect European energy traders with suppliers and customers from trade inception to cash settlement. The browser-based solution suite is the only system to automate all trade confirmations — both electronic and fax — in one, comprehensive and paperless system. All electronic trade confirmations are automatically matched in accordance with standards set by the European Federation of Energy Traders (EFET). The electronic matching system confirms commodity OTC transactions in real time, greatly reducing operational risk. eConfirm provides a central document exchange and confirmation matching independent from ETRM specifics. The advanced system works with all counterparties, brokers, commodities, and trade types covered by energy trading and risk management (ETRM) systems and is KEMA certified.