Overview

Derivative contracts entered in C3 are automatically settled using a net out process. This process is executed monthly to generate a settlement on derivative contracts as they expire.  A net invoice or accrual is generated by counter party depending on a positive or negative settlement amount.

Features

• Automatic calculation of swap and option settlements as the contract line items expire and settlement formulas are finalized

• Derivative settlements are grouped by counter party to generate a single receivable or payable for all settlement amounts

• Final settlement process creates a customer invoice or cost accrual depending on a positive or negative settlement

• Flexible printing options for sending a customer invoice or payable statement

Advantages

• Integration with contract and pricing modules automates and simplifies the settlement process

• Control is tightened for generating accurate settlements by counter party

• Direct integration with contracts, invoicing, and cost accruals streamlines the settlement process

Benefits

• Improved timeliness in generating the settlement of derivative contracts

• Greater confidence in the accuracy of derivative settlements

• Concise single settlement by counter party simplifies and expedites the settlement process