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Trade money modules are
developed with the aim of handling the transactions
done in the primary market segment as well as secondary market segments.
and the different modules
of Trade Money are
PRIMARY
MARKET
Under
Writing Bids Entry
The details of the
underwriting bids made for the Government Securities and Treasury
Bills can be stored in the system with all bid details such as
number and amount of bids accepted, the underwriting commitment
to the company and the commission due to the comapany. As the
method of calculations of the underwriting commission varies as
per Government regulations the system provides the flexibility
to choose a particular type of calculation method for the instrument
type. The product also has the flexibility to add new methods
of calculations, as may be defined by the regulatory authority.
Auction
Bids Entry
The product has the
features of entering auctions bids for various securities like
Government Securities, Treasury Bills etc. As the auctions can
be price based, yield based or interest based, depending on the
security type and the regulations in force ,the system provides
for the options to enter auction bids in all the above modes.
Market
Data assimilation
The Details regarding
the market position in the Underwriting and Auction bidding process
and the company success ratio vis a vis the market can also be
stored in the system. The details of the market position of funds
for any issue of Security like the amount of market bids and allotment,
Devolvement on the market and on to RBI, Amounts held back by
the RBI, OMO details,etc can be stored in the system.
The product
has a unique feature by which the data available on Reuters, Bloomberg,
NSE, RBI can be down loaded from the respective screens or the internet
and used in the system.
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To Modules
Trading
Module
This
module is the main module that helps in making the trading decision
for the users of the product. This module supports all the instruments
of the market and has the following features:
WAR analysis
Sensitivity analysis
Profitability analysis
of the deals
Different tools
for calculation of Duration, Modified duration, VAR etc.
Other information
like the stock, auction and redemption details of different
instruments with the company as well as in the market.
Stock analysis based
on different methods of stock valuations
Graphical as well
as numerical representation of the data.
Calculations based
on the market data downloaded from the Reuters, bloomberg or
NSE screen.
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Dealing
Module
This module supports
the function of entering deals, validating limit, checks of the
clients, dealers and associates. This module can support all types
of the deals prevalent in the market for all the instruments.
The deals
supported are :
- Fresh Borrowing/Lending,
Extension of deals, and reversal of deals for the Call, Notice
Term Money and Inter corporate deposit.
- Purchase and Sale
Outright, Buyback (Repo) and Reverse repo deals in all different
instruments. Government Securities, Treasury Bill, CP, CB, CD,
NCD, Bonds etc., Instruments like call, notice, terms are supported
and new instrument's can be easily deployed.
- System support,
Liquidity support and Liquid Adjustment facility provided by
RBI.
The
Unique features of this module are :
- The dealers can
specify the mode and the amount of payments to be made or received,
the adjustment of payment with other deals of the client and
also with his authorized group company.
- Possibility of deals
in the Scrip and Demat mode.
- Other features like
Security Mergers, Scrip to Demat and Vice versa conversions
are included in the module.
- A number of tools
are also provided for calculation of Price, Yield, Repo price,
Gap analysis, Duration, PvBP, PvAR Weighted Average Rate calculation.
- Flexibility of valuation
of deals and stock in different methods of stock valuation like
FIFO, Wt. Average and Matching Concept of stock valuation.
- Supports constituent
deals and maintains constituent's account.
- Deal wise profitability
call be known using FIFO, WAVY and Matching methods.
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SECONDARY
MARKET (Settlement Module)
This Module provides
for the on line confirmation of deals, printing of relevant deals
slips, confirmation letters and also printing of cheques and entry
of cheques received from the client. As the module is fully integrated
with the accounts module the accounting entries of the deals done
can be passed at a touch of button.
The main
features of this module are :
- Online settlement
of deals
- Printing of cheques
and deals SGL forms.
- Online reversal
of Repo deals
- Automatic redemption
coupon
- Marking Procedure
for Day end and Year End
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Accounts
Module
This
module supports the function of the trading and administrative
accounts. The accounts module provides for a unique feature where
user is able to define the accounts code and the entry types for
the trading entries. The product supports user defined subledgers
and multiple level of account codes. It product also supports
automatic accounting entries for the trading module and manual
entries for the administrative modules. Data from any extends
sub-systems can be easily integrated with accounts.
The functions
supported by the Accounts Module are :
- Bill entry
- Bill authorisation
- Voucher entry
- Bank reconciliation
- Trial balance preparation
- Balance Sheet preparation.
- Voucher Printing
- Stock Reports
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