Buying or selling of the right that gives the holder the option of reimbursement of costs between each agreed interest rate. The following interest rate swaps are supported: plain vanilla, multi-callable swap, trigger liability swap. The following types of interest rate swaps can be managed in the module:
- plain vanilla interest rate swaps
- callable interest rate swaps (multi-callable swap)
- option of input of call parameters (separately for payer and receiver - date of change and changes in interest rate)
- option of bookkeeping of actual transaction call
- trigger interest rate swaps (trigger liability swap)
- input of an optional number of triggers with two parameters, operators greater than, less than, greater than or equal to, less than or equal to and equal
- parameters and trigger effect determine interest rates (fixed and reference)
With all above listed modules management of the transaction according to the net or the gross principle and with an amortization schedule, the principal of which changes between individual interest periods or stays the same throughout the transaction period, is possible. The adding of new types of interest rate swaps, that can assume one of the properties of above listed transactions, is possible, as well as the determination of whether additional input of call parameters or triggers during the transaction is possible or whether these are inputted at the start of the transaction and stay unchanged until its completion.
Other Software support functionalities are as follows:
- contracting of transactions with banks or legal persons
- creation of MT360 and MT362 messages - automatically within daily processing (transactions with banks)
- supported fixed-for-floating rate swaps with or without margin and vice versa, and fixed-for-fixed and floating-for-floating
- possibility of management of floating / reference interest rates on individual transactions or the use of the collective Hibis coding system
- automatic bookkeeping of business events within daily processing
- import and bookkeeping of evaluation effects from an external source
- bookkeeping of effects with a manual bookkeeping programme
- automatic generation of an amortization schedule for payer and receiver based on inputted parameters
- manual corrections of amortization schedule
- option of bookkeeping of settlement directly into current account transactions
- support of settlement through domestic payment transactions
- input, bookkeeping and settlement of premium for contracted transactions
- settlement with bookkeeping into transitional account
- notification by email of: interest rate fixations, maturity of accounting periods and triggering of triggers, and notification of possible irregularities in the amortization schedule (incorrect accrual dates, unaccounted accruals or payments)
- input and use of the coding system of umbrella contracts for trading in IFI transactions
- bookkeeping of exchange rate differences for transactions in foreign currencies and transactions with a currency clause
- authorization (possibility of four eyes control)
.svg)
.svg)
.svg)
.svg)
.svg)
