Payments
& Confirmations
Payment module (main features)
 |
Automatic
creation of payment messages (including EBA, ARTIS / TARGET) |
|
Flexible
selection for inquiry and / or transfer to Swift: |
| |
 Deal
number |
| |
From
- to value dates |
| |
Message
type |
| |
Currency,
Correspondent bank, by counterparty |
| |
Message
status |
|
Mandatory
printing of "trial" report and on-line authorization before
transfer |
|
Comprehensive
set of reports |
Confirmations
|
SWIFT
message format: |
| |
MT300
Foreign exchange |
| |
MT320
Deposit |
| |
MT330
Call |
| |
MT335
Call interest advice |
| |
MT340
Future rate agreement |
| |
MT341
Settlement of future rate agreement |
|
Paper
Format |
Settlement
The system allows to settle in two processing modes:
|
Settlement
by default, in which the deals are considered as settled by default
at settlement date. If a counterpart fails to settle, the settlement
reversal function is used. |
|
Selective
settlement, in which the deals are settled using an on-line function
that allows the user to select individual deals or group of deals
to be settled. |
Securities
settlement
The two
levels of securities deals release approach enables the generation of
settlement instructions to be retained until a later date. It is possible
to specify an earliest settlement date, before this date, release for
settlement is not possible. It is also possible to retain a deal manually
to prevent one or both levels of release from occurring.
The system
allows for up to ten partial settlements, each of which may involve
securities, cash or both. The facility could be used to represent payment
in three equal installments followed by delivery of securities. This
example would be stored as four partial settlements.
Settlement main features
|
Allow
for partial settlement (up to 99) |
|
On-line
recording and tracking of settlement events |
|
Generation
of settlement instructions in formats compatible with various data
transmission services (SWIFT, paper, etc.) |
|
Generation
of confirmations |
|
Automatic
adjustment postings for discrepancies |
|
Integration
of the securities settlement into the payment module |
Deals are
automatically marked as completed if the amount settled equals the value
of the deal to within a pre-set tolerance. This allows for rounding
by the counterpart or other changes to the exact sum involved in a deal.
Securities free receipt & delivery related functions
These functions
handle the input and the processing of:
|
Free
receipt and delivery to / from a portfolio |
|
Change
of depository |
|
Change
of client allocation within a depository |
|
Book
value adjustment (in case of corporate actions) |
|
Miscellaneous
transactions |
The corresponding
positions and transactions update is executed according to the defined
deal input mode.
Settlement reports
|
Daily
transactions report |
|
Daily
posting journal |
|
General
Ledger summary |
|
Currency
summary |
|
Stamp
duty journal and summary |
|
Deal
confirmation (paper, telex) |
|
Client
advice's |
|
"Simulated"
counterpart confirmation for manual matching |
|
Extensive
set of settlement reports |
|
Turnover
and commission report per portfolio manager, client as well as per
broker |
|
