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| Securities Processing Solutions >> US Processing Solutions >> Fixed Income >> impact |
Multi-Currency / Foreign Bond Processing
impact provides an extensive Mortgage Backed/Asset Backed Securities processing facility. From the trading of TBA’s through comparison and netting at the MBSCC, to allocation and delivery of pools against those TBA deals, impact gives the user control and access to necessary information on a timely basis.
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- Flexible Currency Format Definition
- Base Currency User Defined
- Exchange Rate Entry
- Multiple Holiday Tables
- System Components Maintained in Native Currency
- Securities
- Inventory Positions
- Depository Positions
- Cost of Funds
- Payables/Receivables
- Customer Limits in Base Currency
- Trader Limits in Base Currency
- Settlement/Clearance Processing in Settlement Currency
- Pairoffs within Same Settlement Currency
- On-Line Trader Position Summary in User-Selected Currency and Balance Sheet Translated at Current or Last Night’s Exchange Rate
- "What If" Functions with Currency and Exchange Rate
- Cross Currency Outright and Finance Trading
- Outright Trade and Financing Transaction Retrieval with Additional Multicurrency Selection and Display Fields
- Maintenance of FX Positions created by cross currency trading
- Multicurrency General Ledger
- One book per currency
- Accounts in Foreign Currencies Created "On-the-Fly"
- Posting in multiple books with FX position for cross currency trading
- Optional Security Currency Sort for Screens/Reports Sorted by Security
- Key Reports in Multicurrency:
- Format Money by Currency
- Expanded Money Fields
- Sort by Currency
- Display Currency and Exchange Rate
- Total by Currency
- Special Confirm/Telex/Fax Formats
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- European and Japanese Day Count/Year Basis Conventions
- Foreign Rounding Conventions
- Value Date/Settlement Date Distinction for Interest Accrual
- Delayed Start Of Interest Accrual
- Ex-Dividend Calculations and Cash Flow Tracking
- "Both End" Accounting
- Adjustment of Total Daily Accrued Interest to Coupon Payment
- Hybrid Cash Flows (floating to fixed; sets of fixed payments with interest rule variations etc.)
- ISMA and Other Foreign
- Yield Formulas
- Multiple Security Identifications including ISIN Code
- Retrieval by ISIN
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