Risk Cover / Discounting

Updated features

Data improvement on Pricing type fees and interest type fees:

• Values are rounded to 3 decimal point for "Risk fee", "Margin", "All in", "Indicative COF" & "Add on value".

Corporates side: New fields added to trades data and visible to Corporates only:

• Legal entity.
• Internal reference.

Trade data Quantity field:

• Quantity can now be computed by:
  • Tolerance, as existing already on the application.
  • Range.

Email notifications:

• Email notifications received into the inbox will match the notifications wording received through the application.

Transaction details - Documents sorting in "Documents" section

• Documents are now sorted by date the documents were uploaded or received ascending.

Comments & Other information improvements:

• Designs improvements on how we display the buttons when there are multiple comments in "Agreed terms" or multiple other information in "RD data" section.

Financial institution is also called "Bank" on Komgo

• Corporate: Financial institution is called "Bank" on Top bar.
• Corporate / Financial institutions: Financial institution is called "Bank" in "Agreed terms" under "General information".

Add financial institutions:

• When all financial institutions were already previously selected, the "Send request to finance providers which are not in the list above" is now disabled.

Improvements to the overdue calculations:

• The way the overdue data is calculated on the timeline section on the "Transaction details" page has been amended.

Corporate side: Quote details sorting:

• Quotes received by financial institutions are now sorted with the oldest quote received date at the top.

Corporate side: Comment entered by financial institutions when declining to quote is now visible on the "Quote details" page.

Trades dashboard: New "LC discounting" option on "Credit requirements" field.

New features

Trakk feature available in RD:

• Users can now register PDF documents uploaded within Risk Cover/ Discounting on the "Documents" section on Trakk and add Trakk activities (sign, certify, etc.).

Transactions dashboard - Cancel transactions:

• Corporates can now cancel any transactions with status "Requested", "Quote submitted" or "Quote accepted".
• Financial institutions can now cancel any transactions with status "Quote accepted".

Transaction details page - Verify document

• When corporates share documents with financial institutions, the financial institutions have the ability to "Verify" the documents received.

Transactions dashboard - Export to CSV - General Reporting:

• Corporates and financial institutions have the ability to export trades and transactions data to CSV:
  • Transaction status.
  • Trades: Trades data, Commodity and price data, Delivery terms data, Contract data.
  • Transactions: Request data, Agreed terms data, Covered / discounted / repaid data & Extension data & Overdue data.
  • Specific to corporates: Quote details data.

Email requests details - Transaction Reporting:

• Corporates and financial institutions now have the possibility to email themselves the details of the request from the "Transactions" dashboard.
  • By clicking on |Email request details| the user will receive an email with the request data which they can easily forward to any parties.

Trades dashboard - Duplicate trades:

• Corporates now have the ability to "Duplicate trades", allowing them to easily duplicate trades already created and associate data across to a new trade.

Flagging financial institutions when Corporates amends terms when accepting quote:

• Financial institutions side:
  • When the Corporate amends any of the terms on the quote sent by Financial institutions and while accepting the quote, then the financial institutions:
    • Receive a notification letting them know the terms have been amended.
    • A flag system has been put in place on the "Submitted quote" section letting the financial institution know which term has been amended and with what value.

Known issues

Flagging financial institution when Corporate amends terms when accepting quote:

• Financial institutions side: The flags located on the "Submitted quote" section, displaying only when and indicating that the Corporate has amended quote terms when accepting the quote, should only ever display the values the Corporate entered.
  • Known issues are:
    • Flat fee flag updates when BANK edits "Agreed terms".
    • In certain cases, "Days of risk cover" and "Days of discounting" flag also update when BANK edits "Agreed terms".

Added RUB currency:

• "Enter Libor value" component allows users to calculate when quote is in RUB. "Estimated fees" should display as N/A like implemented for the AED currency.

Bug fixes

• The display of long trade ID have been formatted and long TRADE ID are handled in a better way for user usability.
• Renaming of document types.
• Corporate side: Unable to enter negative values on "Quote details" on the "Enter Libor values" section.

Credit Appetite

Updated features

• Application rebranding - New colors, new navigation bar.
• Action button |Close| title changed to |Cancel|.
• Action button |Cancel| title changed to |Back|.
• Refactored an email content for external companies
• Ellipses action link title renamed from "View comments" to "View details"
• Renamed |Make same request| action button to |Duplicate Request|

Additional features

Request Dashboard

• New quick filter |All| added to view all incoming requests.
• For Company users, new view added on the request dashboard - 'Detailed view'. User can see request status per each counterparty/bank combination and duplicate request. User can switch between 'Standard view' and 'Detailed view'.
• For Company users, added filter component on request dashboard when 'Detailed view' is active.

Comments added to the Request Response by Financial Institutions

• Added functionality for Financial Institutions to add common / individual comment(s) during sending updates / answering request process.
• Added functionality to review selected receivers on comment box before sending confirmation.
• Added functionality to enter 'Decline comment' during declining counterparty request process.

External Quote to non-Komgo Members

• Added functionality to include non-Komgo members (name, surname and email address) in the contact network under |Market Network|.
• For Company users, added functionality to include non-Komgo members in the request (Bank confirmation on Issuing Banks and corporate on Buyers) as per standard request process.

Liquidity

Updated features

• Application rebranding - New colors, new navigation bar.
• Action button |Close| title changed to |Cancel|.
• Action button |Cancel| title changed to |Back|.
• Ellipses action link title renamed from "View comments" to "View details".
• Renamed |Make same request| action button to |Duplicate Request|.
• For Financial Institutions, switched |Positions| and |Requests| tabs to align with Credit Appetite.

Additional features

• New quick filter |All| added on the Request dashboard to view all incoming requests.
• For Company users, new view added on the request dashboard - 'Detailed view'. User can see request status per each counterparty/bank combination and duplicate request. User can switch between 'Standard view' and 'Detailed view'.
• For Company users, added filter component on request dashboard when 'Detailed view' is active.
• Added functionality for Financial Institutions to add common / individual comment(s) during sending updates / answering request process.
• Added functionality to review selected receivers on comment box before sending confirmation.
• Added functionality to enter 'Decline comment' during declining counterparty request process.