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Before the process started in Maritech Trading, here was the information available. The sales department had to then send currency rate request in shared. Here they had to take the information from MT and fill out the request manually. Then treasury department would receive this request pr.epost, then treasury would contact the banks, either by phone or electronic. If they wanted to check where the best currency was, they need to log in to both banks, when treasury had hedge – they would again fill out the request form sales department. Then sales would receive an email with the hedging. The next day the credit department would put the hedge currency in MT, where the sales department would receive “Sirking Nummer” (Hedging number). Sales could then use the hedging.   Main point This was a very manually prosses High risk for error (typing error ect) Slow system (Three departments was need) High need of availability ( Ex. If treasury is in a meeting and not able to answer within 30 min, every second counts) Low transparency – The sales department could not know what they could hedge for – DN would show a higher limit then what they could hedge for   How it the automation project the hedging will be:   The sales department is able to hedge direct in Mariah Trading, by them self. There will be three different ways to hedge, please see attached document “(04072022 Maritch)..” . The sales department will also be able to see what currency they can hedge at any time -please see attached “SFX”. When the sales department have seen the currency and is ready to hedge, they can choose to use one of the three options. Then they click on the hedge button – shortly after (5-10 sek) they will received the hedging and the hedging number (sikrings nummer). Treasury will only control afterwards.   Main point Time efficient – There be less friction, less people Transparency – The sales department will see what they can hedge at any time. Cost saving – Saving hours of work between different departments. Cost-optimal – Now we use Backoffice – FXALL – were we connect the banks we trade with. This means that we will always hedge to the best price, furthermore the banks will have to competition for every transaction, and they will know if the win or lose – gives them incentive to give us better prices. Lower risk for errors – Less manually typing