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Improving Interbank and Broker-Dealer Transactions
One of the most important conditions to ensure the current liquidity of a lending agency is the effective organization of work in the interbank market. Nowadays, automation of banking systems is becoming more and more urgent as banks often have numerous contractors and sometimes different contractors have differing limits and priorities for different positions.
A unique script (sequence of the operations performed) is defined for each deal type. The manager responsible for the interbank market decides how to process the deals, functions available at each step of the processing, available deal statuses and which event/programs can change the statuses. The CSBI 'Broker-Dealer Operations' solution supports the full cycle of all performed deals and traces them at each stage. The template engine simplifies the entry of similar deals.
The solution includes 3 modules to cover the activities of the interbank market:
- The 'Interbank Credits and Deposits' module ensures the automated accounting of deals made in the interbank money market. The following operations all contribute towards the script of the deals:
- Register/check/change/process/delete short-term or long-term agreements on funds attraction or allocation
- Create/confirm/print out documents according to customizable templates
- Model/calculate the interest due to be paid and the principal amount
- Accept/pay/cancel/delete/view the documents stored in the archive
- Generate calls and liabilities for each deal
- Check the recovery of the principal and the interests at deal closure
- Define the number of prolongations and prolong the agreement
- The CSBI 'FOREX' module processes the deals on purchase/sale of foreign currency in the interbank market. Various types of deals can be operated: cash (today (TOD), tomorrow (TOM), spot), time (forward, option, swap), banknote and stock-exchange deals.
- The CSBI 'Netting' module: the offsetting of conversion deals between two banks-counterparties is based on adjustable scripts/schemes of offsetting the deals, registered in the Forex and/or Interbank Credits/Deposits modules with the help of backup tools. Netting can be applied both to deals with a pair of currencies and on those where several currencies are involved.
In addition, SWIFT and TELEX messages ready to be sent are generated automatically.
Our solution has been successfully implemented and is in use in several banks. Here are some of them:
Bank Saint Petersburg
Russian Standard Bank
Russian Development Bank
Baltinvestbank
Severnaya Kazna Bank
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