Paris, September 3, 2024. Diapason, the expert in cash and risk management solutions, announced today that it has been chosen by the OCIM Group to manage its financial risks.

OCIM has long experience in the management and financing of tangible assets, notably precious metals such as gold, silver, platinum and palladium. The Group has a complementary dual activity as a trader and financier, subject to fluctuations in world commodity prices, as well as to exchange rate and credit risks. Until now, OCIM has manually performed its control operations on a dual pilot basis (via its trading and treasury teams). This process was time-consuming, limited in terms of functionality and volume capacity, and subject to potential risks of operational error, data loss and fraud.

In this increasingly demanding market environment, and in view of its strong growth, OCIM wanted to equip itself with a modern, proven TRMS (Treasury and Risk Management System) and PMS (Portfolio Management System) solution, capable of meeting the needs of all users (front/middle/accounting) with impeccable service quality. “Over the last three years, we have increased the size of our derivatives portfolio by a factor of 25. Diapason is a tool capable of managing an exponential volume of transactions”, explains Etienne Bossu – Chief Trading Officer, OCIM.

Global risk management in an automated “safe” solution

Diapason offered a consolidated view of cash and trading flows within a single solution, myDiapason, fully integrated with the OCIM group’s information system, enabling precise valuation of operations. Every action is recorded and auditable, keeping a history of all modifications to operations, a crucial feature for meeting the requirements of regulatory authorities. This rationalization has generated significant efficiency gains, while reinforcing regulatory compliance. An essential step for OCIM’s development and the volume of its operations.

The Diapason teams have produced the developments needed to adapt the software to the trading business, in particular for derivatives valuation and risk calculation, notably through the calculation of Greeks to assess the sensitivity of a derivative’s price to various factors. Diapason can also be used to automate the valuation of derivatives on a continuous basis, thanks to Bloomberg connectors.

A forward-looking collaboration

“We are very proud to have signed this agreement with OCIM, a recognized leader in the precious metals sector. Their choice of Diapason reflects the trust they place in us to help them manage their financial risks and support their dynamic growth. This partnership perfectly illustrates our commitment to offering tailor-made solutions adapted to the specific needs of our customers” says Yohan Le Bihan, Business Developer at Diapason.

Today, OCIM uses only a fraction of the functionalities offered by Diapason software, leaving the door open to future optimizations. Prospects include the integration of STP (Straight Through Process) solutions via connectors and FX liquidity aggregators such as Bloomberg, FXAll or 360T, and the automation of payments via SWIFT messages.