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Post-execution Management Solution- Brokers

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

  • Editorial Team
  • May 12, 2021
  • 3 minutes

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.

Transaction management

Execution calculations
Execution matching
Customer confirmation processing
Market matching

Debt clearing and settlement management

Debt clearing instruction matching
Market settlement
Custody bank delivery (SWIFT connection, etc.)

Balance management

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