Our Money Market Platform is an easy to use web-based interface that enables dealers to effectively capture deal details pertaining to risk, confirmation, settlement, and accounting information. Quick shortcuts facilitate entry of various dates, and amounts with minimal keystrokes.

Its real time, fully configurable, sophisticated Risk Sheet helps dealers manage their portfolio, exposure, MTM and P/L by tracking information based on branch, currency and warehouse.

System is multi-entity and is highly customizable as per bank’s business requirements. Currency, Counterparty, and Product static data information drive the transaction processing in the system.

Highlights

• Web enabled, multi-entity, multi-currency, multi-interfaces, multi-products support
• Straight Through Processing covering Front, Middle and Back office operations
• Designed to function as -
  • A stand-alone money market module
  • A group application, for risk consolidation using Back-to-Back functionality
• Provides rich functionalities -
  • End-to-end automation of MM processes
  • Covering activities from deal capture to final settlement
  • Effectively manage risk, confirmation, settlement and accounting
• Real time configurable Blotters to manage Portfolios, Risk Exposure & Profit / Loss through currency and warehouse information tracking
• Interface with host system to facilitate online Risk Management (Settlement / Pre – settlement / Total risk)
• Online Position Management aiding effective management of interest rate risk.
• Profit calculation based on Cost to Close method using market interest rates
• Online and offline interfaces with internal and external systems -
  • Dealing systems like Reuters 2K/3K,
  • Settlement systems such as SWIFT,
  • Host GL systems of the Bank
• Highly configurable system - Currency, Counterparty, Business Rules, Product static data
• Electronically capture MM contracts & memo deals from other product processors in the form of handoff files
• Schedules –
  • Generate Schedules
  • Update Schedules
  • Irregular Schedules
• User Friendly Features
  • Floating windows
  • User Configurable Workspace
  • Excel Look for all deal and position blotters
  • Use of colors to bring out dashboard effect, aiding quick identification of deals (authorized / unauthorized deals) in deal blotter
  • Navigation allowed through mouse as well as keyboard
  • Templates / Hot keys
  • Icons and shortcuts for frequent operations
  • Drop downs
  • Type ahead
• Adjustable Column Order
• Deal Drill Down facility

Key Features

• Instrument Coverage - The MM module supports a comprehensive range of Money Market Instruments.
• Deposits
  • Term Deposits
  • Call Deposits
  • Notice Deposits
• Placements
  • Term Placements
  • Call Placements
  • Notice Placements
• Discounted Instruments as Loans, Bills
• Islamic Instruments
• Rollover of transactions
  • Principal
  • Principal + Interest
  • Partial Amount
• Pre-termination of transaction
  • Full
  • Partial
• Interest Payments
  • Interest At Maturity (IAM)
  • Periodic Interest Payments
  • Discounted (Zero-coupon)
  • Reprice Frequency
  • Amortization Frequency
• Interest Rate
  • Fixed
  • Floating (linked to a market indeed e.g. LIBOR, T-Bills etc.)
  • Positive or Negative Interest rate
• Interest Calculation
  • Simple
  • Compound
• Interest Basis
  • actual / 360
  • 30 / 360
  • actual / 365
  • 30 / 365
  • No Interest
  • Fixed interest
• Brokerage
• Holiday Logic
• Back to Back Deals
  • Customer Back to Back
  • Inter Branch Back to Back
  • Intra Branch Back to Back
• Funding Swap
• Internal
• External

Business benefits of the system to its clients

• Country / branch / business-specific parameter maintenance.
• Treasury services for high net worth individuals and corporate entities.
• Supports deal booking at two levels – Front Office and Back Office.
• Dual control functionality (Maker – Checker) both at Front Office and Treasury Operations (Back Office).
• Product level standard takedown and settlement instructions defined for customers, with flexibility for change at the time of deal booking.
• Rate Reasonability Check. It compares transaction date and time entered in the deal with the Reuters feed for RRC. Linear interpolation is done for deals not falling on exact bucket dates.
• Risk monitoring and mitigation. Counter party risk monitored through main line sub-line credit limits defined for each counter party. Settlement Risk (SRI) and Pre Settlement Risk (PSR) are also tracked.
• Web enabled Multi-user system.
• Interfacing with Armor.
• Completely menu-driven with intuitive function groupings. Mouse and keyboard based navigation of the menus.
• Logging of all system events and audit trail of user maintenance.
• Supports online and offline interfaces with external systems, Host GL systems of the Bank.
• Updation of positions updated in the host system.
• Accounting entries generated at various stages of the deal life cycle.
• Electronic messaging system. Ability to send payment messages and remittance advices generated by the system and routed through telex, mail or SWIFT.