Engie is one of the largest corporate NEU CP issuers, both in frequency and volume – issuing around 300 tickets annually.
Their treasury team joined Onbrane in 2021, with the objective of modernizing their commercial paper issuance process.
At the time, Engie became the first issuer to use the Onbrane platform to support its NEU CP transaction lifecycle up to post-trade processes, including ISIN retrieval and data flow into back-office
systems.
But that was not all.
In 2025, building on this foundation and in close collaboration with the Engie treasury team, Onbrane delivered an additional development — enabling Engie to extend Onbrane’s benefits to 100% of their NEU CP post-trade.
Here’s how it all went down.
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Back in 2021, Onbrane’s tech team worked hand-in-hand with Engie’s treasury to complete the advanced onboarding – integrating with their process across the entire CP post-trade.
As a result, Engie was already benefiting from efficiencies such as:
- ISIN allocation in under 10 minutes
- Automatic cash instructions sent to the paying agent
- Instant data synchronization with Engie’s Treasury Management System
However, Engie was not yet able to cover 100% of its NEU CP transactions through this digital workflow.
Remaining Challenge: Engie’s Off-Platform Intermediaries
While Engie aimed to streamline its entire NEU CP activity, one thing was slowing them down:
Not all of Engie’s financial intermediaries were on Onbrane.
Today, 9 of Engie’s intermediaries are live on the platform, allowing fully digital front-to-back CP execution when transacting with them.
However, trades negotiated with dealers and brokers not yet connected to Onbrane still required reliance on legacy workflows, including:
- Time-consuming ISIN allocation and distribution
- Manual creation of ticket confirmations
- Manual transmission of cash instructions to Engie’s paying agent
- Manual data re-entry into the Treasury Management System
- Subsequent reconciliation and data standardization for reporting and performance analysis
Solution: AI Smart Import for Off-platform Transactions
At the end of 2024, Engie approached us with the objective of automating the post-trade processing for all their NEU CPs via the platform.
This collaboration led to the development of Smart Import, Onbrane’s first AI-powered feature!
Since the launch in Q1 2025, Engie team has been using Onbrane to streamline post-trade for 100% of their NEU CP transactions.
Here’s the how the Smart Import makes it happen:
Once a trade is negotiated, the Engie team simply copies and pastes deal information — whether from an email, chat, or notes taken during a call — into the Smart Import field.
With a single action, AI analyzes the input, identifies trade terms, automatically creates the ticket confirmation, and structures the data into a machine-readable format — enabling full post-trade automation with no manual intervention.
Results and Acknowledgements
Following this process transformation, the Engie team observed multiple operational improvements, including:
- 30 minutes/ per trading day saved for front and back office teams (Time saved on ISIN retrieval, TMS entry, payment instructions.)
- 10 minutes/per trading day saved on data reconciliation (Fewer duplicate entries, better consistency between systems)
- Significant reduction in data entry errors (Fewer manual corrections thanks to automated data integration)
“We’ve been collaborating closely with the Onbrane team for the past 5 years to modernize our commercial paper issuance process. Automating the NEU CP post-trade has materially reduced operational friction and risk across our commercial paper issuance, while freeing up time for higher-value activities. At the same time, this positions our operations to adapt more smoothly to upcoming market changes and new digital market infrastructures.”
Gregory Mitchel, Senior Front Office at Engie
Conclusion
Thanks to Engie’s leadership and sustained efforts to modernize its commercial paper issuance, Smart Import capabilities are now available to other issuers on Onbrane facing similar structural constraints.
While onboarding all financial intermediaries to support negotiations fully on the platform remains the objective, this development enables issuers to significantly reduce remaining inefficiencies linked to off-platform activity.
Onbrane is proud to support innovative treasury teams like Engie’s in upgrading NEU CP issuance processes, while contributing to the gradual adoption of more efficient, modern working standards across the market.
