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OpusCapita® Case Finnish State liquidity in firm hands The State Treasury combines professional experience with system integration successfully. The State Treasury must never run out of money. Imagine what would happen if pensions or family allowances were not paid on time. Based on budget figures running into billions, someone must tell the State Treasury's dealers what funds will be needed and when, and how much money is expected to come in. OpusCapita does just that. OpusCapita is a daily planning tool at the Finnish State Treasury. In the mornings, the specialists at Funding and Liquidity unit analyse the figures, compare the views and make the decisions for the day. Head of Liquidity Mika Tasa (left) and Deputy Director Ari-Pekka Latti are used to investing hundreds of millions in a single morning. Problem: The State Treasury must never run out of money. The Strate Treasury's dealers needed someone to tell them what funds will be needed and when, and how much money is expected to come in. Solution: The State Treasury adopted the OpusCapita Liquidity Management cash flow forecasting system. The result is an up-to-date view of the State's incoming and outgoing cash flows. Finland's economic policy is drafted by politicians, but implemented by the State Treasury. The financial experts at the Treasury know how to handle large figures. Among other things, they are responsible for the State's cash and debt management, as well as for capital funding. The cash position changes from day to day, from hundreds of millions to billions of euros. Such a job requires result orientation and professional skills. This year, the State Treasury's experts won the title of Most Impressive Sovereign Funding Team 2009, in a competition held by EuroWeek magazine. In addition, Deputy Director AriPekka Latti of the Treasury's Liquidity and Funding Department was shortlisted in the category of Most Impressive Sovereign Funding Official. Latti and his team are responsible for investment and loan decisions based on the day's cash position. The team selects counterparties, agrees on transactions and monitors the set limits. "On a daily basis, our liquidity is usually on the surplus side and we invest rather high sums. We rarely resort to borrowing. We might, for example, invest 800 million euros in the market during a single morning." TEXT: Aila Välikoski / PHOTOS: Rami Lappalainen info@opuscapita.com · www.opuscapita.com
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