Foreign Exchange (FX)
The Foreign Exchange Module processes spot, cross and forward transactions.
Trades can be entered manually into the system or captured via the Reuters
Dealing 2000 interface module.
Counter-parties can include inter-banks, customers and branches. The module also
handles internal deals between different P&L desks. For a 24 hours trading
environment, this includes passing positions between two shifts.
Once a trade has been entered, the module will automatically update in real-time
all positions, P&L, Nostro balances, Credit limits and other related
information. Users can access this on-line information through the Up to Minute
Screens (UTOMS) module or via the Report module.
The trade is then transferred to the Back Office module for verification and
authorization. If errors or mistakes are detected, the deal is returned back to
the front office for cancellation or reversal, and a new deal is created to
replace the incorrect deal. The module can be linked to SWIFT Alliance interface
module and domestic clearing system module for settlement.
Features
- Counter-party limits control
- Traders/trading desk limits control
- Profit And Loss monitoring - Daily, Monthly, YTD
- Nostro Management
- Automatic generation of accounting entries
- Branch reporting
- Confirmations
- Settlement instructions
- Swift Interface
- Reuters D2000 Deal Capture
- Net settlement
- Revaluation – Net Present Value
Inquiries and Reports
- Daily Blotter by P&L book and by product
- Daily Blotter before or after cut off time
- Summary of outstanding positions
- Outstanding deals by currency pairs
- Outstanding deals per currency
- Outstanding deals per Profit and Loss book,
- Profit & Loss (Today, Month, YTD) by currency and Profit And Loss book
- Limits and exceptions
- FX ladder report