A number of clients
have asked GML to provide them with a simple method of performing discounting
calculations for forfaiting transactions, using standard methodology.
In response, GML has written a Microsoft™ Windows™-compatible
software program, GML Trade Finance Analytics™ (the "Software").
The Software performs the same principal calculating functions as CMG:roHIRSTTM
and other similar programs, and produces identical calculation results.
The Software is a proprietary program which allows users to quickly input
and determine the discounted value of future cash flows, in accordance
with market standard calculation conventions
in the "à forfait", without recourse financing, and trade
finance markets. The Software has been deliberately designed by GML to
provide basic functionality which is required in pricing and valuing assets,
and to be easily mastered after only a few minutes of practice. GML recognizes
that there are a number of competing software programs which are able
to provide more sophisticated functionality, including portfolio management
functions, but the Software is intended for users who primarily need to
perform simple pricing calculations for individual transactions involving
forfaiting assets, and licenses for the Software are priced accordingly.
In
particular, the Software will:
Load
quickly and easily onto most personal computers running Microsoft™
Windows™ ;
Calculate a series
of future cash flows, by targeting a net proceeds figure on the basis
of a discount rate;
Save/store details
of assets/cash flows, which can be recalled quickly and easily for printing
or recalculation;
Produce for printing
an easy-to-read and comprehensive report showing all of the characteristics/assumptions
for the asset/cash flows, and the results of calculations (click
here to view a sample report);
Allow the user
to cut and paste into the Software a series of dates and cash flows
from popular spreadsheet programs such as Microsoft™ Excel™
and Lotus 1-2-3™;
Calculate actual
payment dates (and days of grace), on the basis of ten years of pre-loaded
holidays in each of the currencies CHF, EUR, GBP, JPY, USD, and all
of the "legacy" currencies which comprise the EUR;
Allow the user
to create other currencies in which assets are denominated, as well
as to modify holidays for both the pre-loaded currencies as well as
any currencies which the user may choose to create.
GML
will provide the Software free of charge as a demonstration version, which
will not print, or save. We will ‘unlock’ the demonstration
version so that it is fully functional for a trial period of three months
for all GML clients. At the end of the three month trial period, GML will
charge a modest license fee of USD 1,000.00 per annum for granting a license
to use the Software. This licensing fee is negotiable in the case of multiple
licenses within the same firm, and may be waived at GML’s sole discretion
for clients doing significant volumes of business with GML.
The
software may be downloaded form this site, or GML will be pleased to send
the software to you on a CD-ROM.
