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Deals are
recorded using the minimum selections and keystrokes with context sensitive
default input and dialogue boxes throughout. For frequently used deals
templates or wizards can be set up with all default details pre-coded
thereby requiring minimum input with high accuracy of details captured.
Maturity dates and settlement amounts are automatically calculated with
default pay/receive instructions and default journal entries automatically
produced. A key feature is that the system will not allow a user to deal or
settle on a non-trading day. As deals are confirmed they impact the
real-time currency cashflow ladders immediately,
reflecting the most up to date positions and exposures. The system has
exhaustive error checking inherent.
On a daily
basis the system advises on the deals maturing which require settlement.
Full security and audit trail features ensure total integrity of the
system. There is a powerful report generator (Crystal Reports and Crystal
Info) that allows the user to tailor the reports of the system to the
specific needs of the organization.
Foreign
Exchange and interest rate exposures are monitored. Profit and loss
accruals are calculated along with the FX gains/losses on deals. All
instruments are marked to market in the revaluations. They can also be
marked to budget and comparisons made. The system automatically produces
the journal entries for the above re-measurements and gains/losses for
export to a back-office accounting package.
The enquiry
system is modeled on spreadsheet/ladder format.
The user can define the rows for inflows and outflows through parameters
and spreadsheet/ladders can be set up by dealer/desk/bank
account/subsidiary account/subsidiary/currency etc. These sheets can be
consolidated automatically at any sub level and overall by any criteria.
These
sheets in turn can be summarised in as many sets as is required. The
currency that these sheets are summarised in is totally user definable
thereby giving on-line, real-time revaluations of positions.
The system
automatically ties the deal-input process to the respective sheet/ladder
cells thereby allowing the user to trade directly onto the online system.
The inquiry can show the overall historical through to the most forward
position held. This can be zoomed into on a daily basis or zoomed out to
show weekly or monthly positions. The user can also place the cursor on a
cell or position and the system will automatically show the
deals/transactions that make up this amount. By further placing the cursor
on a specific deal/transaction the original deal/transaction ticket is
displayed. The deal/transaction may be viewed, amended or indeed cancelled
subject to security authority.
All master
files are user maintained and there is no limitation to the number of
deals, currencies, sources, counterparties, subsidiaries, valuation
rates/prices and sheets/ladders that the system caters for.
Standard
import and export facilities allow the user to automatically link to their
existing back office accounting/payment-receipt systems and to their
existing desktop systems such as Lotus, Excel etc.
The system
integrates fully with Microsoft Office for document production, E-mail,
Scheduling and ODBC linking. By automating the accounting journal entries
and by automating electronic payments the time and cost reduction in
administration is considerable. All confirmation and settlement details are
automatically produced and can be output to paper or file. If output to
file these instructions can be telexed, faxed or electronically mailed to
the relevant parties. Treasurer can interface to most modern Electronic
Banking Systems now available from the various international banks. This
feature allows automatic reconciliation and electronic interfacing for
payment and receipt instructions. There is also an interface to SWIFT. The
system is modular in design therefore any new or indeed specific variation
in trading for a company can be catered for with the minimum modifications.
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