The I -TEX Intra-Group Trading System enables the automation of all transactions between a group treasury and its subsidiaries, while meeting all obligations of accounting standards such as US-GAAP und IAS. This way, hedge deals can be clearly matched to their underlying ’operative activities’, ensuring their correct linkage to accounting units according to FAS 133 and IAS 39. Requests for quotes from subsidiaries can automatically be routed into the market. Resulting quotes from the providers will in turn be routed back to the subsidiaries, giving group treasuries the option of an automatic markup. At the end of a process the following transactions electronically enter the group’s books: 1. subsidiary vs. group treasury 2. group treasury vs. bank Through the automation of such workflows, market participants can lower their ticket costs by factors, enhance their process security, improve their competitive pricing and resolve problems deriving from official rules and obligations.