Summit Fixed Income

Summit’s fixed income module is designed to meet the demanding needs of bond dealers, issuers and market makers.

Instrument coverage

All standard and structured security instruments are supported in Summit including:

• Structured bonds: callable/puttable, dual and reverse dual currency, multi-currency, exotics, credit and equity-linked bonds
• Government bonds, corporate bonds, emerging markets and Eurobonds
• Mortgage-backed and asset-backed securities (MBS/ABS)
• Guaranteed Investment Contracts (GICs)
• Repos: open repos, buy/sellbacks, tri-party repos and securities lending

Summit can also handle highly exotic and complex structured trades

Real-time Position Viewers and Blotters

Real-time position support and real-time blotters ensure that you can quickly view how much is on hand, how much is lent out, how much is repoed and which trades are confirmed and settled. Innovative features such as real-time P&L and real-time valuation, give you the facts and figures to help you make informed and speedy decisions.

• Real time position applications include repo and asset swaps alongside the underlying bond positions giving the complete position and P&L picture.
• Automatic swap pricing and generation,
• Trade drilldown
• Built in calculators and customized reporting.
• Extendibility tools allow customization of virtually any aspect of the system.
• Summit’s comprehensive accounting module includes compliance for FAS 133 and IAS 39

Automatic post-trade STP

Rules based workflow provides full control from initial issuance and trading through to settlement and position management. All post-trade operations including confirmations, payments and reporting are performed automatically following definable business rules. With most transactions requiring no intervention, only exceptions require processing.