The InFoReX Solution provides comprehensive IT support for front and back office tasks, and offers several other functions as well.

TRANSACTIONS

Our solution offers comprehensive transaction management services, including data entry by front office, approval by back office, transaction settlement and its posting to the general ledger. Our solution supports the following categories and types of transactions:

• Foreign Exchange (Buy, Sell, Swap)
• Money Market (Lend, Borrow, FRA Sell, FRA Buy)
• Securities (DVP and OTC Buy and Sell, active and passive Repo, Placement, Bidding, Borrow, Lend, Freezing)
• Futures (Buy / Sell, Open / Close)
• Options (Long / Short, Call / Put)
• BankNotes (Buy, Sell)
• IR Deals (Loan, Depo, IRS, CCIRS, CDS)
• Revolving Credit Facility (revolving, non-revolving - credit line offered and received)

Our solution offers position management and mark to market services with respect to all products. The flexible adjustment feature of the limit structure enables our clients to supervise customer and position limits online.

By using InFoReX's customizable portfolio and book structure, you can group individual transactions, which means that you can break down your position by any criteria (evaluation, risk management, scope of authority).

SALES and MARGIN TRADING

In addition to treasury transactions, our InFoReX Solution supports the management of customer orders (sales), as well as security transactions and margin trading undertaken by customers. The system registers all orders in a database and monitors limits; provides real time data on cover available at highest parameter settings for trading transactions, and calculates the position of the operator and the customer using a similar method. In terms of securities, the system can also be used for customer security portfolio management and profit calculations. In addition to such basic transactions, our system supports hedge positions consisting of spot and future transactions (automatic matching, position calculation, statistics).

CREDIT MODULE

Developed in order to complement treasury services, the InFoReX Credit Module provides an integrated solution to the management of simple overnight loans as well as long term loans with cash flow systems based on individual rules (settlement, registration of collateral security, preparation of related documentation, notices reminding users to carry out certain credit related duties).

The system allows users to

• review cash flow data
• modify cash flow data
• register additional events
• re-generate cash flow, either in part or from scratch
• assign a reference yield curve to the cash flow which can be used for discounting during the next evaluation. Easy-to-use graphic interfaces help users handle transaction settlements, repayments and monitor and document arrears in problematic transactions (reminder management).
  

MORTGAGE MODULE

The InFoReX Mortgage Module was created in order to support individual treasury processes, and provides graphic interfaces for security placement functions (supports both auction and subscription techniques, allocation and settlement), as well as an integrated platform for the management of outgoing and incoming payments in the course of placement planning, and it also has a reporting function.

Users can see years ahead incoming and outgoing cash flow resulting from the bank's crediting activities, issuance of debentures, related swap transactions, retention of extra collateral and eligibility for grants, as well as a breakdown of the same by individual transactions. Furthermore, users can analyze and plan placements and their effects on other factors (e.g. cover ratio).

TREASURY-BACKOFFICE SERVICE

Transactions are registered in the InFoReX system using the "4 eyes principle," which involves the cooperation of two users with separate access rights. A transaction cannot be booked and the related settlement tasks must be suspended until the transaction has been verified and approved by the back office.

As part of its back office functions, the system provides a comprehensive method for managing settlement messages (KID, GIRO, VIBER, SWIFT - MT202, MT103) and confirmation messages (faxes, e-mails, sending, receiving and automated reconciliation of SWIFT MT3xx messages), sending notifications (MT210) and complaint management (inquiries: MTx95, x96, x99).

MIDDLE OFFICE

You can use InFoReX to group transactions into individual books that can be clustered further into portfolios, and the system provides position management and other net current value and profit calculation functions, graphs and reports. Positions can be transferred between books and portfolios through internal transactions (which can be automated), and the system also enables users to register "What if?" transactions in the course of modelling various business scenarios.

InFoReX supports commercial bank duties related to exchange rate and interest rate quotations (morning and midday), and the determination of the related medium rates and O/N interest fixing. Users can generate special rates for specific groups by choosing appropriate spread settings, the system can send notices about exceptional changes in quotations, and new rate and interest data can be sent to recipients via an automated e-mail service.

LIQUIDITY MANAGEMENT

Exact information about liquidity is indispensable for the treasury, and the InFoReX Nostro liquidity management module provides assistance in this particular area. In addition to documenting Nostro balances, forecasting on the basis of registered transactions and related interest calculations, the system also offers easy-to-use Nostro transfer and Hedge functions with user-adjustable parameters.

The system is capable of receiving MT950 summaries and enables the user to reconcile data stored in the system either manually or automatically, coupled with a comprehensive dependence management function. This module also has a liquidity and interest margin calculation tool, allowing the user to check expiry dates of funds and assets managed by the system, and it can be used to generate useful information in the course of liquidity management.

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