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Chris Sass
Evp And Cso at Fidectus
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Work Experience
Evp And Cso
Present
Company Details
11-50 Employees
Founded and launched as a niche player with laser focus, Fidectus was formed by commodity trading industry experts who have worked hand in hand with energy and commodity traders to identify, define and create a world-class solution making this a reality. The Fidectus post-trade-to-cash processing platform, the Global Energy Network (GEN) fully supports multiple standards such as EFET eSM and eCM, ISDA and has native integrations with numerous accounting, settlement and C/ETRM vendors. GEN is an interoperable, secure and audit-proof industry platform adhering to open standards for seamless integration. For the first time, it is possible to dispose of paper, media discontinuities and infrastructure. The confirmation, regulatory reporting, settlement, netting, financing and payment is now lean, quick and efficient, reducing cost and increasing scalability and speed. Commodity traders now benefit of SaaS tools to reduce risk utilization, to better utilize risk limits and to manage their working capital on a new level. GEN members experience OPEX savings of 25 %. They now experience 80% less disputes and can resolve the remaining ones in minutes rather than days. They reduce settlement risk exposure by up to 51 days and improve their capital employed.
Year Founded
2019
Social Media
LinkedinTwitter
Industry
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HQ Location
Fraumünsterstrasse 16 CH,Zürich,Zurich,8001
Keywords
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