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Mizuho Corporate Bank
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News Release - 11 June 2009

Leading Asian Bank goes live with Global Agency Fee Management System

PROactiveTM Commission Manager, the latest module in the PROactiveTM Suite, provides full control of broker and agent commission and fees and provides for centralised management of payments and receipts across all financial instruments, entities and trading partners. Key to the selection was the capability to deliver a rich and proven solution that could be implemented much more quickly than the in-house solution that was previously planned. 

PROactiveTM Commission Manager works by receiving the bank’s trade feeds in order to calculate the total cost of each transaction executed via an agent, which it then automatically compares with the fees invoiced by the agent or broker. The solution has the flexibility to consolidate billing information from a variety of sources in any format, either electronic eg Excel or paper and provides a global view of payments and receipts including discounts, which organisations can leverage for improved commercial terms with their agents.