Okay, we've now closed the door in our liquidity and finance room within the house of cash management. We've gone across the hallway and we're opening the door of the technical infrastructure. First of all, we'll look at the technical infrastructure that you may find on client sites. A majority of clients within the multinational corporate space will have their own treasury management system, which will get abbreviated to TMS. This tends to link very closely to their actual treasury accounts. And when doing a cash concentration with pooling type structure, you'll no doubt be linking the treasury accounts into their back office TMS system. This will be done through bank software, through various options. It might be through your vanilla electronic banking product. It might be, it might through an internet service, or it might be through a host to host solution. And of course, you may also have corporates that wish to be bank agnostic and they'll be making use of the services of swift, probably for multinational cups that have done a lot of centralization. That may be due to the fact that they've invested in an ERP system, an enterprise and resource planning system. This tends to revolve much more around what I'm going to call your operational accounting accounts. It tends to link in with shared service centers, and it's where a lot of your low value transactions would be generated from, as well as things like accounts payable and quite possibly salaries, et cetera. All customers are gonna want as much automation as possible, so they're going to want to make sure that the files the bank can provide, doesn't matter whether that's through the electronic banking platform, the internet platform, a host to host type solution, or via SWIFT, can be automatically uploaded into their back office. That is what we call system integration. Now, whilst here I have mentioned about corporate SWIFT. SWIFT traditionally used to be just used by financial institutions. However, over the last 10 years or so, SWIFT has opened its doors to major corporates. It's quite an investment by a major corporate on the whole to be utilizing SWIFT. What our corporate benefits from with SWIFT is a bank TIC software package, therefore allowing them to swap between banks without as much hassle. A corporate may have adopted shared service center type of strategy. This is where they have amalgamated a lot of functions that they may have done in various different countries, in various different legal entities. They've centralized all these functions into a new company, therefore taken out resource and infrastructure from many of the sub-companies and centralized it all into one place, therefore, creating a shared service center.
