RMB Innovates With Intengo – A Streamlined Platform For Debt Instruments
RMB Innovates With Intengo – A Streamlined Platform For Debt Instruments. Intengo is a digital marketplace for debt instruments augments both the origination capabilities as well as the investment opportunities for clients. It has been incubated by RMB with the aim to create a market utility to lower the production costs of issuing and trading debt securities.
The platform solves for the complex manual processes that currently define the issuance, clearing and settlement process, as well as stimulating liquidity in the credit market by improving velocity and access to secondary market trading. The platform enhances our clients’ funding and investment experience by simplifying the workflow and offering improved market transparency and access to information.
Rand Merchant Bank (RMB), a division of FirstRand Bank Limited, is a leading African corporate and investment bank and part of one of the largest financial services groups in Africa. The company offers its clients innovative, value-added advisory, funding, trading, corporate banking and principal investing solutions. As the corporate and investment banking arm of FirstRand Bank Limited (which is wholly-owned by FirstRand Limited), RMB has access to a network of retail banks in 25 African countries, as well as branches and representative offices in Namibia, Botswana, Nigeria, Angola, Kenya, the UK, India, China and the Middle East.
The platform’s features include New issuance wizard which can ceate a new fundraiser for either private placement or auction; Auction tracker which monitors the Auction Live, reviews allocation and views suction results; Market insights: which analyses market issuance data across sectors, instruments and ratings, keeps up to date of upcoming events; Settlement orchestration, its for co-ordination of settlement processes for the primary and secondary markets with custody and Strate management; Documentation and templates that allow automatic document creation.
