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Product
GL RIMS Back Office
Featured on this product list
Product and service specifications
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Database
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• Oracle
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Language used
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• C
• Java
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Operating system
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• Linux
• Solaris
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Pricing structure
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• Volume-based
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User interface
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• GUI
• Web
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Tags: Middle and Back Office Solutions , Equities systems, Fixed Income, STP, ASP, DBMS, Portfolio / Fund Management , Settlement and Documentation , Client Reporting? CREST, SWIFT, Euroclear, Stock Record, CCASS
Overview
GL RIMS Back Office (Real-time Integrated Multi–instruments Solution for Back Office) is a realtime multi entity back-office solution, processing trades and contracts (eg stock borrows and repo) in multiple instruments (equities, fixed income, warrants and simple listed derivatives) in agency and principal capacities, for any currency. It automatically captures trades from any Front/Middle office system. Its XML based messaging layer is configured to communicate with SWIFT, CREST, TRAX2 and CCASS amongst others.
BENEFITS
Reduces cost of transaction processing
A unique reconciliation tool aimed at reducing operational bottlenecks.
Gives greater operational control
A flexible Risk Management component that provides real time, accurate Risk and P&L figures.
A single platform to monitor cross border operations
Comprehensive rules allow processing models to be created to support the various settlement, messaging and accounting standards found across international markets.
Reduces settlement risk
Rules driven automation ensures work items are processed in a timely and efficient manner with exception management capabilities.
Issues are automatically captured, grouped and escalated to the correct operators for analysis and resolution.
Business flexibility for growth and diversity
GL RIMS products are modular and flexible solutions .New functionalities may be added as your business grows into new areas without the need for expensive new systems or integration.
GL RIMS products also provide a volume insensitive environment to ensure reliable performance as your business grows
Increases revenue in funding and financing
Consolidated, real-time cash and stock information increases liquidity and revenues by allowing accurate and timely funding, financing, discrepancy and inventory management.
KEY SELLING POINTS
- Multi-everything: instruments, currencies, entities (company structure), settlement type messages (SWIFT and proprietary formats)
- Easy to install. Main implementation task is to setup static data
- Unique piece of code to settle in any place in the world, very useful for any global organization
- Ability to customize
More information here
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