Since investment activity is currently one of the most important spheres in Lithuanian and World banking, besides usual functions in the FORPOST banking information system there has been improved a subsystem of securities trade, which is especially significant for investors.
For investment funds accounting there have been created new products: an order of purchasing/sales/exchange of investment units and a deal, which performs actions with investment units according to the data of an order. For the purpose of distinguishing investment units from other securities, in BIS FORPOST there has been created a new type of securities called âInvestment Unitsâ (IU) (according to the classification of finance instruments (ISO 10962)); a form of currently used purchase/sales orders has correspondingly changed. Data entering, processing, and displaying in the FORPOST*Securities subsystem allows performing correct accounting of investment funds. On the FORPOST*Internet Banking page of securities portfolios overview there has been created a separate list of the investment funds belonging to a customer. Besides, in the FORPOST*Internet Banking securities trade there have been created special forms of investment funds purchase, sales, and exchange, as well as additional displaying and processing of corresponding FORPOST*Internet Banking transactions. The main advantages of new products functionality:
o entering of a new securities type â âInvestment Unitsâ
o creation of new products for IU accounting
o creation of a new form for IU accounting
o separate IU displaying in the Internet Banking (IB)
o IU servicing via IB
Further actions of the FORPOST*Securities subsystem development are planned, in order to offer the banks, using FORPOST, efficient and modern instruments of investment units management.