Honda Finance Europe has started live treasury management operations using Richmond's Odyssey system. Honda Finance Europe is using the system to support its pan-European funding operations, which use the issuance of commercial paper and bills of exchange as their primary vehicles. The issuance programs are supported by bank facilities, and the system performs the arbitrage calculations, FX and cash management functions required by the financing operation. The second phase of the project is delivering extended integration and analytical processes, to enhance the core solution.