Controls and Supports all operations generated in the foreign exchange market

DiviSAAS is a cloud-based financial application whose main function is to manage, control and support all operations generated in the foreign exchange market at the Foreign Exchange Market Intermediaries (IMC) level.

DiviSAAS meets all the requirements for an IMC to enter the foreign exchange market. These requirements include:

Flat file interface with the SAF system of the Bank of the Republic.

Interface with the Financial Superintendence of Colombia and other requirements such as the operator's logbook and the order book, whose main function is to record a detailed summary of daily operations.

Interface with the National Tax and Customs Directorate (DIAN).

Transactional integration capabilities with Money Remitter platforms for automatic remittance loading and subsequent comprehensive processing for regulatory and accounting compliance.

DiviSAAS Modules

Upload of interbank transactions from the SET-FX transactional system.
Entry of real sector SPOT and NEXT-DAY transactions.
Automatic generation of foreign exchange declarations.
Generation of transactions with declarations; modifications, form changes, legalizations, and clarifications.
Entry of sender records in transactions.
Generation of regulatory formats required by the BANK OF THE REPUBLIC, DIAN, SUPERFINANCIERA, and UIAF.
Enables control of the firm's proprietary position by cost center and traders.
Adjustment of position valuation by TRM.
Operator’s Logbook and Order Registry.
Reports for settlement of transactions through clearinghouse or outside it, and VAT settlement.
Reports and accounting interface.
All types of operational and managerial reports.
Internal transactions entry module.
Third-party portfolio module.