Your suite for the life cycle management of securities, managing promissory notes/registered securities and accounting. Provide your back-office teams with a strong solution to support the lifecycle for all kind of securities (e.g. interest fixing, terminations, partial redemption) and to keep all relevant dates in focus and in a central database. Safe and efficient
Your suite for the life cycle management of securities, managing promissory notes/registered securities and accounting.
Provide your back-office teams with a strong solution to support the lifecycle for all kind of securities (e.g. interest fixing, terminations, partial redemption) and to keep all relevant dates in focus and in a central database.
Safe and efficient processing and issuance of registered securities and promissory notes.: Transform what can be an extremely time-consuming and document intensive process where manual work can increase both cost and risk, especially when processing a high volume of transactions.. Passiv+ enables an efficient and secure settlement by automating processes from a single data source. This also applies to both own and third-party registered securities.
Passiv+ for Life Cycle Management:
Interest fixing, terminations, partial redemption, extraordinary redemption, principal paydowns
Knock Outs, Maturity Settlement
Corporate Actions
Event date/deadline monitoring for all kind of issues (integrated and automatic)
Workflow engine offers a maximum of flexibility for e-mails, print-outs, approvals and releases, interface- specific delivery or file creation.
Passiv+ for registered bonds:
Counterparty management for the correct legal application of company name, contact partners, bank account details and the validity of non-assessment certificates etc.
Creation of deal confirmations including the monitoring of responses
Deadline monitoring of outstanding tasks
Automated creation of certificates
Models the assignments automatically taking into account the respective interest claims
Creation of interest and repayment remittance advice to the creditor on interest rate dates or the final maturity of an issue. STP via interfaces, e.g. generation of SWIFT MT 103 or MT 202 messages
Purchase and sale of third-party issues
Balance confirmations
Interest fixing confirmation
Notification to the German Bundesbank of issues with mandatory reporting
Interfaces to Blockchain solutions available/planned.
Passiv+ for accounting/subledger:
Automated booking: e.g. premium or discount accruals (linear or effective interest rate), accrued interest, interest and capital provision postings, P&L etc.
Provision of key-data for data warehouses e.g. according to HBG (German Commercial Code) and IRFS requirements.
Key features
Centralized view of the data
Document creation
Deadline monitoring
Enhanced customer service
Electronic Archive
Calculations
Workflow Engine
Bookings and payments
Keep up with the story. Subscribe to the Bobsguide free daily
newsletter.