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• Transaction Banking
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WEPEX Unternehmensberatung

Hummel & Partner

Stephanstraße 10
60313 Frankfurt am Main

Contact us via email info@wepex.de

Phone number and Fax

Phone:   +49 (0)69/ 719140 - 92
Telefax: +49 (0)69/ 719140 - 94

or write a letter:

WEPEX Unternehmensberatung
Stephanstraße 10
60313 Frankfurt am Main

Transaction banking

In-/outsourcing

• State bank: Defining the application architecture and restructuring the "Migration" sub-project as part of the umbrella project for pooling the securities settlement activities of two state banks and establishing a joint transaction bank.

Reorganisation

• Commercial bank: Analysis of the strategic options and implementation of the RFP process ahead of the sale of its custody and clearing activities to another German commercial bank.
• State bank: Initiating the RFP process and evaluating the proposals as part of the reorganisation of the state bank's custody networks as a cost-cutting measure.

Expansion of system functions

• Major bank: Analysis of the strategic options, introduction of a project structure and coordination of the individual workstreams for the implementation of a securities portfolio, and separation of the clients' and the bank's own assets.
• Securities transaction bank: Programme management for several projects to deal with tax-related requirements (e.g. relating to the investment modernisation law, redesigning the processes and systems for earnings and intercompany profit, settling tax-neutral fund mergers as corporate action).
• Securities transaction bank: Expert advice on and assistance with selecting and implementing a new cash management system and account reconciliation for a transaction bank.

Example of client benefits from Transaction banking

Project: Optimisation of the Custody Network

Client: Transaction bank

Business situation

The client is a German transaction bank with a custody network formed by mergers. It reflects different philosophies of the pre-merger institutes and therefore requires harmonisation and optimisation. The main objective is cost reduction without jeopardising the high service level.

Our Approach and project scope

• Analysis of strategic options and evaluation of a list of potential bidders.
• Preparation of an information memorandum and preparation of an RfP for potential custodians.
• Validation of the service offerings using internal workshops and development of an analysis method for a final scoring.
• Preparation of business plan "global clearing" in consideration of the bank business case in total.
• Negotiation of contracts including services, prices (transaction and safe keeping) and cut-off-times.
• Preparation of management decision papers, project-plans, transition plans and work packages.
• Transition testing and development of market information.
• Monitoring of the transitions.

Business Benefits

• Harmonisation of different custody networks, with implementation of a global custody network in consideration of significant "political interests".
• Reduction of custody fees over 25 % under retention of a high service level.
• Reduction of settlement staff and systems.