Extensive transaction support including all major capital market, foreign exchange and derivative transactions
Integrated workflow and strategy control
Automatic generation of payments and confirmation records
Real-time position management, reporting and transaction event diary
Integrated Workflow
All transactions contain a built-in workflow mechanism. Each transaction can be in either a draft, pending or normal state. Security profiles can define which users are able to progress transactions through the different states. A draft transaction can be edited, deleted or committed to pending as required. Pending transactions can only be sent back to draft or accepted as a normal transaction by an authorised user. Once the transaction has been accepted to normal, it is assigned a unique reference number and the system will automatically generate settlement details. Subsequently, even if cancelled, the system will also maintain a historic record of the transaction.
Payment Processing
Once a transaction has been accepted, the system generates payments and confirmation records automatically, using user-defined standard settlement instructions. A payment diary maintains all the payments that need to be made over a selected timeframe and provides a user-definable authorisation process.
Once authorised, payments can be exported to in standard file formats, such at SWIFT or EDIFACT, for direct import into bank EFT systems or direct transmission to secure bank FTP dropboxes.
Confirmations
Confirmations can be printed using user-defined templates or exported in file formats appropriate for interfacing with confirmation matching systems, such as FX Match/CMS or Concord. Users can define which events over a transaction lifecycle require confirming and which templates to use. For example, different confirms can be produced for new deals, rollovers, rate-resets and maturities.
Transaction Support
The system provides support for all major transactions, including money market activity, commercial paper, corporate bonds, government bonds, floating rate notes, treasury bills and notes, foreign exchange spot and forwards, foreign exchange swaps, currency options (vanilla, knock-in, knock-out or double barrier options), interest rate swaps (vanilla, cross-currency, basis swaps, amortising or irregular swaps), swaptions, interest rate, currency and commodity futures, future rate agreements, caps, collars and floors.
All transactions can be rolled upon maturity if required and a full history of the linked transactions is maintained.
Competitive Dealing
Competitive bid data can be captured for any transactions. Deals done on on-line dealing platforms can be uploaded together with bid information provided by the dealing platform.
Reports can be produced to show win/loss records over user-defined timeframes, by counterparty, transaction type, currency or any combination thereof.
Position Management
All transactions update positions in real-time. Cash positions are updated with all known cash flows over the life of the transaction, supporting both current cash position analysis and forward projection analysis.
FX positions can be analysed using multiple sets of exchange rates to assess the impact under different scenarios (e.g. accounting rates or current market rates)
Standard reporting is available to analyse debt and investment portfolios or interest rate risk within the portfolio.
