All guarantees, including issued and received surety bonds, guarantees, letters of comfort and standby letters of credit, are recorded in the Trinity TMS module together with all parties involved and all necessary information. Documents can be attached or linked to the relevant transaction. A company-wide view combined with maturity monitoring is also particularly valuable. Assigning guarantees to specific portfolios, for example underlying transactions, identical guarantee types, groups of guarantors, projects or investments, helps answer the questions of different stakeholders and provides additional transparency.
Guarantee fees and other payments arising from the liability arrangement are calculated and automatically incorporated into liquidity planning and the account-based cash forecast for the coming days. Utilisation is allocated to the relevant facilities and can be presented graphically to provide a quick overview. In addition to the maturity list, the integrated reporting system supports a wide range of analyses.
The file formats required to apply for surety bonds or guarantees from banks can be generated directly in Trinity TMS and transmitted to the respective recipients via EBICS or REST API.
While EBICS or the SWIFT connection of electronic banking applications can only be used to reach banks, the REST API to the Guarantee Vault platform operated by Digital Vault Services GmbH (DVS) can also be used to communicate with selected credit insurers. Once the assumption of liability has been approved, legally valid digital surety bonds or guarantees are created and stored by DVS in its German central register. Qualified, EU-compliant digital signatures can be used for authorisation. It can also be expected that not only the number of participating banks and insurance companies will increase, but that additional European countries will adopt the DVS solution as well.
