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.

See attachment for full information