The PERMIT^®1 Batch Manager System Key Features


Reminds and prompts authorized users of requisite inputs for the proper and timely settlements of existing deal transactions which were committed through The PERMIT^® System

The PERMIT^® Batch Manager System reminds authorized users of requisite actions and Inputs required for the proper and timely processing of deal components. For example, if a LIBOR setting is required for an interest payment or receipt to be settled with a CounterParty, The PERMIT^® Batch Manager System will remind the user that someone has to input the LIBOR setting. Another example is the auto-reminder when options are expiring and require an authorized user’s attention to decide if the organization wishes to exercise the option before it expires.


Automatically creates settlements instructions for related processes which are processed by the system

When  The PERMIT^® Batch Manager System carries out processes which would result in a cashflow, the system would then automatically generate the related settlements instructions for the settlements of the cashflow.


Performs automatic checks on controls within The PERMIT^® System and alerts managers of any related risks

The PERMIT^® Batch Manager System does perform certain routine checks on controlled processes and will alert managers of any breach of these controls and/or related risks.