The NRI Financial Solutions framework enables STP in the back office operations of brokers, prime brokers and custodians automating post-execution trade life-cycle management processes. Loosely-coupled Java EE components in a configurable, message-driven architecture offer flexibility, scalability and extensibility. FEATURES 1. Real-time processing of back office operations across a group's multiple locations (multi-enterprise) User-friendly, with
The NRI Financial Solutions framework enables STP in the back office operations of brokers, prime brokers and custodians automating post-execution trade life-cycle management processes. Loosely-coupled Java EE components in a configurable, message-driven architecture offer flexibility, scalability and extensibility.
FEATURES
1. Real-time processing of back office operations across a group's multiple locations (multi-enterprise)
User-friendly, with a single sign-on system and single database. I-STAR/ GV reduces the burden of operational errors arising from having to input in systems that vary depending on the location.
Real-time processing of operations in multiple locations allows easy reconciliation within a single database.
Easy referencing of inter-company transaction data and creation of integrated reports for multiple locations.
Flexible user access control settings
2. Multi-currency, multi-asset management for various transactions
Comprehensive management of back office operations such as including Trade management (cash instrument, loan repo, exchange, deposits/loans, etc.), clearing, balance management, rights and dividends processing, accounting, etc.
A total system with a multitude of available functions necessary for back office operations. Can be used as a comprehensive solution or by selecting particular components and functions.
3. Advanced Corporate Actions processing which reduces manual operation workloads.
Compatible with Corporate Action processing and agent operations such as interest, redemption, dividends, stock dividends, mergers and acquisitions.
Rights and dividends processing functions include not only cash instrument transactions but also Stock Loan and Repo financing transactions
Whenever Corporate Actions change, details of entitlements can be automatically recalculated
Ability to conduct mark-to-market valuation taking into account rights and dividends payable date.
4. Highly Scale-able and low-cost response to transaction volume increase
Because of the three-tier architecture (database, business logic, web application) and scale-able configuration, fast and low-cost response to volume increases is possible through the addition of small-scale servers where needed.
FUNCTIONS
The total back office system offers the following functions.
Classification
I-STAR/GV function overview
References master management
Data management and reference for security information, account information and other core reference data.
Mark-to-market valuation of firm and customer balances, profit and loss management and customer statement creation
Custody bank securities/fund balance matching
Cash and Funding management
Stock record
Corporate actions
Balance confirmation, Corporate Action confirmation
Corporate Action and dividend information tracking
Accounting
Rules Based journal processing
Integration with Corporate Ledgers
Other
Exception based STP (Straight Through Processing)
Flexible integration with external systems
Keep up with the story. Subscribe to the Bobsguide free daily
newsletter.