"InTrader 10.0 is one of the systemâs most significant releases designed to provide a wider range of processing capabilities and efficiencies that are more integrated with the global marketplace," said Herb Hesch, president of SunGardâs InTrader business unit. "SunGard continues to invest in the InTrader solution and develop enhancements to help help meet the business goals and processing needs of its customers."
Developed as a result of customer focus group activities, InTraderâs new multi-currency capability processes non-U.S. dollar denominated fixed income securities, including all instrument and portfolio types supported by InTrader such as single-currency repurchase agreements. InTrader 10.0 also includes improved accounting of brokered money market instruments, such as commercial paper and certificates of deposit, by supporting the issuance of instruments at prices other than par to allow for the proper amortization or accretion of the discount or premium.
InTraderâs new non-business day accrual option allows customers to perform one-time definitions for the ongoing default behavior of future interest events that occur on non-business days, for an unlimited time period and at the security or issuance level, thereby eliminating the need to continuously define numerous irregular interest schedules over time. The enhanced interest rate indexing feature offers more flexible and simpler instrument maintenance by providing an automated "one to many" relationship between the securities or issuances to an index, which helps to reduce errors associated with manual updating. It also allows for complex rate computations using a formula interpreter.
Other InTrader 10.0 enhancements help improvehelp improve efficiencies for safekeeping processing and billing, security maintenance, correspondent processing, and reporting.