Daily Equity Swaps Application - Features and Details

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Features

This application is a mid-office product for use by trading, settlements, finance, risk and accounts departments.

It provides data access and reporting for:

An extensive library of report templates are shipped with this product. These templates can also be customised to suit your individual needs.

Customisation is minimised to ensure that you receive maximum benefit from our experience and proven performance. You receive a commoditised system: your site specific programming requirements are delivered in a separate, secure module. These include:

The system manages multi-client portfolios arranged into funds comprising any number of mixed currency contracts.

Traditional CfD and CfD Future contracts accommodated.

Contracts can be partially or fully closed at any time.

Unexecuted trades blotter to allow for later hedging before committing to the portfolio.

Permitted trading (stock) currencies determined at the client level.

Stock currencies siloed for site specific downstream aggregation to one or more settlement currencies, set at the client level.

Client profiles are fully programmable, including call margins, cash events and reset frequency.

Client resets can be overridden at any time, On or Off.

Default trade profiles are defined at the client currency level and are then adopted by each subsequent new trade. These include margin requirement, interest spreads, settlement period, payment period and commission. All parameters can be reset at the trade level to suit special arrangements.

Prices and Interest data can be generated locally, or can be sourced from external information services (which may require some customisation to match local arrangements).

Many sites now have a data warehouse which is typically a repository for standing data such as stocks, prices and FX rates. Although the Contracts for Differences System can be connected to such a database, it will generally extract the relevant historical details and store them locally. This improves performance, reduces processing load at COB and provides a level of contingency in the event of a warehouse failure.

Historical data is held locally (after extraction from the external sources above). The system's integral entry forms also act as data browsers for historical review.

The system maintains its own trade level journals and client level trial balance history. P & L figures are also integral to the journals. Due to the diversity of back office systems, connection to an in-house database (such as an accounting system) will normally be effected by data file transfer. Here too, data requirements are site specific: HS&H can undertake the required changes for you, including direct connection if technically and economically feasible.

Marking and revaluation is performed daily at COB.

Each client is processed in turn where a call is determined according to various criteria:

All browsed data is available for download to Excel or text files.


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Reporting

Client reporting includes daily confirmations, cash movement, position and balance statements. These are typically produced in an end of day batch operation for printing and faxing or auto e-mailing. On line reporting can be made available as part of your customised site module.

Broker reporting comprises CRR calculations, FSA direct reporting file creation, stock positions, commission breakdown and trader P & L. Accounts journal files can also be produced as part of your customised site module.

White Labelling

Our CfD remote client (white labelled) application can be distributed to your larger clients who would receive portfolio updates e-mailed from you at the end of each day for onward reporting to their own accounts. The system ensures total anonymity of these accounts as it is completely private and maintained locally by your clients within the white labelled version.

Your institutional clients and broker clients can receive all the benefits of a complete CfD portfolio management system without the need to maintain the portfolio!

Basic: you e-mail to your client a set of sub-account statements in a special format which are received and automatically enriched with the local sub-account details before onward transmittal via fax or e-mail. Your client needs only to maintain a simple account list.

Full: your client has all the functionality of the complete Contracts for Difference on Equities System but receives all volatile and static data from you each day for uploading to their local database. Only their accounts list needs to be maintained. This version may require some customisation to suit local client stationery and accounting system requirements.

Web Reporting

The HSH CfD System provides comprehensive resultsets from the database that can be extracted to your corporate Web pages. We can build all necessary pages to be viewed by your clients or in-house staff, and integrate them into your website. Please contact us to discuss your requirements.


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Administration


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