Jemena is Live on Ripple Treasury for Risk Management, Hedge Accounting

Sydney – 20 August 2019 – Jemena, an $11 billion, Melbourne-based company that owns and manages some of Australia’s most significant gas and electricity assets, is now live on Ripple Treasury, powered by GTreasury, to support its risk management and hedge accounting activities. Ripple Treasury is a digital TMS platform for integrated treasury management and risk management.

“We wanted one, cloud-based TMS that could handle complex instruments, hedge accounting and compliance, and integrate easily with trading, data and settlement systems,” explains Jemena Treasury Manager Jean Feng. “Before implementing Ripple Treasury, we spent so much time logging in and out of different systems, re-keying entries and keeping accounting records manually. Now we can easily execute a trade and back-to-back it down to our subsidiary structure, automatically.”

The Jemena team is using a range of Ripple Treasury capabilities to manage their debt and hedging programs and comply with IFRS9 hedge accounting requirements as well as IFRS13 requirements for credit valuation adjustments (CVA). In addition, all facilities and guarantees are recorded and processed in the system. Jemena is also straight-through processing treasury-related payments and automating the creation of general ledger postings. Ripple Treasury's connectivity capabilities automate the loading of back-to-back FX forward and swap transactions, which are executed on an FX trading platform.

“We’re making treasury work easier for companies all over the world and are happy to have delivered on Jemena’s core treasury objectives. We’re thrilled to have energy/utility leader Jemena part of our global client community,” says Robert McGuinness, Director of Sales, APAC at Ripple Treasury.

To find out more about Ripple Treasury, please visit treasury.ripple.com.

About Jemena

Jemena is an $11 billion company that owns and manages some of Australia’s most significant gas and electricity assets. Jemena also part-owns the ActewAGL electricity and gas distribution networks in the ACT and United Energy, which supplies electricity to more than 600,000 customers across south-eastern Melbourne and the Mornington Peninsula.

More information on Jemena can be found at www.jemena.com.au

About Ripple Treasury

Ripple Treasury is a digital TMS platform that gives organizations cloud access to integrated treasury and risk management solutions.  Its design leverages new technologies to connect treasury’s ecosystem, enabling the seamless flow of data across and beyond the enterprise for new and smarter ways of working. With Ripple Treasury, organizations can implement any combination of integrated Cash Management, Payments, Financial Instruments, Accounting, Banking, Risk Management, and Hedge Accounting in one SaaS solution. Ripple Treasury is headquartered in Chicago, with offices in North America, EMEA and APAC.

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