Stock Market

The Stock Market subsystem has essential architectural and functional advantages:

·  Possibility (at will of the client) of activation of STP-function (straight-through processing), i.e. continuous, completely automated process of processing of financial transactions - transactions, corporate actions, ingoing and outgoing financial messages and all of necessary supporting procedures. Use of STP assumes that each stage of business-process - from the moment of reception of the information on the transaction until the calculations, including generating of accounting transactions, notification of clients (in the form of reports or via SWIFT), can be carried out both manually and automatically by the system (at fulfillment of the certain conditions or approaching of the certain event).

·  Support of the multipronged account (for example, accounting according to the Central Bank of the Russian Federation (CB RF) , the internal plan of back office and the independent plan of depositary).

·  Support of a multi-institutional principle. It allows to reflect adequately operations of financial holding in such situations, when the companies of the holding keep records by various rules and can open accounts each other.

·  The original mechanism of depositary account, supporting multiple places of storage for the tools containing on same depot account of the client

·  Depositary account including three independent layers of balances - by date of execution of operation in the system, by currency-date and by date of a re-registration of the property rights. The second and third layers give an opportunity to work in the last and future dates.

·  Formation of all reporting according to CB RF and Federal Commission on Business Securities (FCBS) rules, and a wide set of internal reports which can be easily extended by IT-specialists of bank.

·  Use of the depositary module by depositaries of non-banking organizations.

·  Flexible mechanisms of roles and events, allowing to create and to adjust new bank products not attracting the programmers.

The Stock Market subsystem includes:

• The Kernel. The general mechanisms, specific to all modules of the security market.
• Depositary. Support of depositary operations and account of securities on depot accounts. The reporting according to CB RF and FCBS rules.
• Back-office. Exchange and over the counter operations on the security market. Account of positions on papers and money according to the internal plan. Interfaces to different formats of exchange files. Tax account on securities. The account of investments in securities according to requirements of the CB RF. Marginal operations. Internal account of back-office. Reservation under risks on operations with securities. The reporting regulated by the CB RF and internal rules of the bank.

Among the users of the Stock Market subsystem - InvestBank (Kaliningrad) and KreditUralBank (Magnitogorsk).

Please contact “FORS – Banking Systems” for detailed information