Logiciel takes over PRi$ICE - a Foreign Exchange Risk Management software from PricewaterhouseCoopers (India)

PRi$ICE, a software tool to manage your Foreign Exchange Risk, originally developed by PricewaterhouseCoopers, now further supported and enhanced by Logiciel Information Systems, New Delhi.

(PRWEB) June 16, 2004 -- As an exporter / importer, are the rapid movements of the US Dollar creating problems for your business, making even previously profitable orders unprofitable?

Are you having difficulty keeping track of your Foreign Exchange Incomings & Outgoings?

Is it becoming almost impossible to track your Foreign Currency Forward contracts on Excel spreadsheets?

Changing currency values can make a mockery of your margins. With the US Dollar having fallen by over 6% in 2003, and with the possibility of further losses on the way, is it possible to minimize the effect on your Rupee profits?

Our Foreign Currency Risk Management & Tracking software product, PRi$ICE, is in use at top-notch clients all over India and can help you solve your problems. PRi$ICE is available at an easily affordable price.

Originally designed and developed by the Financial Risk Management team at Consulting Firm PricewaterhouseCoopers Pvt. Ltd. (India) and now owned and supported by Logiciel Information Systems Pvt. Ltd, PRi$ICE is a Windows-based multi-user system for management & tracking of all your Foreign Currency transactions. Logiciel continues to work closely with PricewaterhouseCoopers in relation to PRi$ICE.

The salient features of PRi$ICE are:

Multiple Portfolios supported:
The system supports multiple portfolios (business unit-wise currency exposure can be maintained as a separate portfolio). It is possible to track the profitability of different business units/ locations individually, as well as collectively for the entire company.

Provision for Automated Data Capture of Exposures:
The software provides for automatic capture of exposures information. Various business units are required to send the exposure information in a specified excel format, which is then automatically fed into the system through an interface. Cover information is manually entered into the system.

Facility of taking ‘Block Forward Covers’ and apportioning them to individual exposures: The system provides for taking ‘Block forward covers’ i.e. Large covers can be taken and smaller individual exposures can be allocated to these covers. It also provides the flexibility to cancel, shift and rollover covers on or before the maturity date.

Analysis of market data:
Historical data on currency rates (spot as well as forward rates) can be stored and retrieved when needed for audit/reference/analysis purposes. A user friendly
graphical interface is also provided for using this stored data.

Real Time Fx Position:
The software can be linked to the Reuters/ Bridge (or any other information provider) so as to provide the position of a FX portfolio on a real time basis, subject to the system being updated with the latest market data.

Calculation of Mark-to-Market valuations:
The system provides mark-to-market values at Individual Exposure level, Portfolio Level & Company level

Calculation of P/L On FCNR (B) loans:
The system provides for assessing the net cost of the FCNR (B) loan in Indian Rupee (INR) terms. It also allows for multiple cover operations on the principal portion of the loan. On the interest portion of the loan, the software allows for capturing the net crystallization rate.

Calculators:
The currency converter & forward rate calculator are useful accessories at both the
operational and decision-making levels.

Other Features:
*Apportionment of ‘Profit and Loss’ on account of Forex operations to various business units.

For more details about PRi$ICE or an no-obligation evaluation version of PRi$ICE, please contact: pverma@logicielinfosys.com or 91-11-26123877.