The aim of risk management is

- to identify
- to analyze
- to evaluate
- to control

liquidity, foreign exchange and interest rate change risks throughout a company
in an integrated approach.

Financial risks can arise from both operative business and from financial transactions.
It is absolutely essential that a company-wide, currency-differentiated and continuously
updated financial database should be established to enable current and future risks to be
identified and to permit the subsequent continuous control of these risks.

Communication between the financial area and the operative units is extremely important
for the control of future risks from operative business.
In order to ensure this company-wide communication, as well as detailed and prompt
provision of information, it is advisable to use a web-based financial management solution
such as e-TMS.

	Valuation of risks – both operative and financial
	Market-to-Market
	Value-at-Risk
	Valuations on the basis of individual contracts
	Valuations on portfolio level
	Valuations are made on a currency- / client- and time differenciated basis
	Simulations
	Benchmarking (foreign exchange and interest result calculation)
	Integration with Microsoft Office products
	Full Web Capabiliy All functions can be utilized via Internet / Intranet