PJSC «AKB «CONCORD» and PJSC Bank «Contract» received powerful functionality of accounting treasury transactions.
03 / 06 / 2015
From the beginning of current year two more projects on implementation of the “Treasury” system finished successfully. PJSC “AKB “Concord”” and PJSC Bank “Contract” received a powerful functionality of accounting treasury transactions.
The “Treasury” system, developed by business-analytics and technical specialists of Lime Systems, represents a software module, which provides the full cycle of works with FOREX, DEPO and CASH deals from forming client applications and centers of financial responsibility of a bank to signing deals on interbank Ukrainian and international markets and conducting calculations, creating necessary accounting entries and SWIFT messages. At the moment already 18 banks successfully implemented and are using the “Treasury” module, provided by Lime Systems.
“Treasury” system contains flexible and easy to tune instrument of constructing the templates of accounting models of any complexity, which ensures standardization of accounting, which fits the bank policy. This functionality allows quickly react on changes in requirements of the National Bank of Ukraine and easily change the accounting models. At the moment models of accounting all types of deals, both traditional and concluded on the basis of SWAP conditions, calculations on the basis of NETTING, ROLLOVER, accounting revaluation on derivatives are realized.
“Treasury” system contains two additional subsystems, which can exist both separately and also closely interact with each other. These are “L-SWIFT” and “Foreign Currency Control” systems.
“L-SWIFT” system allows realizing automatic processing of SWIFT messages of accounting the flow of foreign currency funds with simultaneous creation of accounting records in Bank’s balance, thus providing possibility to see the reliable balances on Corresponding accounts of the Bank in real-time.
This system automates the processes of creation, control, accepting and sending the money orders of clients of the Bank in foreign currency, and also ensures creation of SWIFT-messages of any formats for further exchange with the correspondent Banks.
With the help of “Foreign Currency Control” system the Bank can realize control on legally fixed terms of calculations on foreign trade contracts of clients of the Bank. Integration with the systems “Treasury” and “L-SWIFT” allows using information from the “Foreign currency control” system when executing orders on selling and buying foreign currency, as well as when making money transfers abroad.
Integration of “Treasury” system with «Thomson Reuters Deal Tracker» allows minimizing operational risks by means of importing tickets of deals directly from the trading system.
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