Griffin successfully automates credit process – Real-time automated credit processing now a reality
A JOINT initiative between EFET and LEBA to create a fully automated, real-time and error-free credit processing system is now successfully in operation.
The project – which was set up a number of years ago with the intention to reducing credit processing time and reducing error rates through automation – has now reached a point where a major market participant, RWE, is able to export credit automatically into the Trayport system.
This milestone was achieved as a result of collaboration between Griffin and RWE with the aim of proving the concept and paving the way for all market participants and brokers to do the same.
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