MicroMac | eDeal - Treasury Management Solution

Key Benefits

Extensive Instrument Coverage: Extensive instrument coverage across Foreign Exchange and Money Markets.

Efficient Front-Mid-Back Office Processing: eDeal provides a centralized front-mid-back office solution with straight-through processing (STP) for cash, liquidity support and risk management.

Improved Risk Management: A complete and accurate view of risk exposure improves risk management. Real-time limit management improves audit and compliance and counterparty risk.

Reduced Operational Costs: eDeal covers all aspects of deal processing, including every workflow step from front to back office. The objective is to minimize expensive manual operations wherever possible and reduce the amount of human error through introducing automation.

Lower Level of IT Investment & TCO (Total Cost of Ownership): eDeal has a simple and fast interface to integrate with any other system used by bank. eDeal allows users, belonging to different legal entities to work on a single system and database, with support for cross – entity consolidation of risk and standing data. This significantly lowers implementation costs and enables ease of centralized reporting for the bank.

Fast & Clear Reporting: eDeal contains embedded reporting and analysis tools that generate accurate reports based on confirmed deals. Bank treasury operations and those on behalf of clients may be analyzed by almost any variable within eDeal, giving a complete view of treasury positions for compliance, performance and risk purposes.

Traders Happiness

Flexible Deal Entry Platform

eDeal fully supports a wide breath of instruments and provides a highly intuitive user interface ensuring trade capture is an effortless activity with all blotters, positions, limits and other information displays updated in real-time.

Dynamic Dashboard

Dealers can monitor deals and positions in real-time through highly configurable blotters. eDeal has separate blotters for Foreign Exchange and Money Market.

Simulation and Scenario Analysis

eDeal enables dealers to simulate and run scenarios and observe its effect on the underlying portfolio. This flexible scenario based analysis helps define risk provision and timely and accurate decision making.

Limit Monitoring

Limits can be checked prior to trade entry. Pre settlement, settlement, counterparty, intra-day, overnight and gap limits are supported to help manage treasury risk effectively.

Operations

Overview

Complete deal entry from accounting and settlement to verification, confirmation and NOSTRO reconciliation. Powerful reporting tools are seamlessly integrated giving users up-to-date information.

Straight Through Processing

eDeal provides full STP for all supported deal types from deal capture and pre-deal analysis to operations life cycle processing and settlement.

Deal Lifecycle

Complete workflow for deal passing from the front office to back office is supported.

Operational Control

eDeal’s security and permission system allows tighter control over bank’s operational risk. Users assigned to the role, or group, are granted those permissions assigned to the role. Users access only the data and functions they are permitted to.

Exception Management

The integral exception management system of eDeal raises exceptions during events, such as when a deal is entered by a dealer and specified details for counterparty, comments, payment instructions. It can also raise exceptions for a counter party on the watch list and when the limit exceeds.

Static Data

Users are able to load static data easily and update it on an ongoing basis. This includes counterparty, counterparty SSI, user identities, user permissions, branches, divisions, departments, nostros, etc.

Accounting

Each accounting trade in eDeal is recorder in accordance with standards set by the bank. eDeal can generate voucher for FX, money market, OBU and treasury bills & bonds trades.

Dashboard and Blotters

Users can monitor deals, positions and Nostro movements through highly configurable blotters. Users can undertake most operations on the deals from the deal blotter itself.

Reporting

eDeal contains embedded reporting and analysis tools that generate accurate reports. Besides a wide range of MIS reporting, it covers all compliance reports of Bangladesh Bank. Formats such as PDF, EXCEL and HTML are supported.

Key Modules of eDeal

Foreign Exchange Module

Support for foreign exchange includes FX Cash, FX Tom, FX Spot, FX Forward, FX Option and FX Swap. Risk for FX transaction can be decomposed by BDT for easier management of positions.

Money Market Module

The money market module supports overnight (O/N) Lending, O/N Borrowing, Term Lending, Term Borrowing, OBU Lending and OBU Borrowing. Through this module amortization schedule can be managed, floating rates calculated and capitalized interest payments can be initiated.

Government Security Module

This module covers Treasury Bills, Treasury Bonds, REPO and Reverse REPO. Through this module treasury bills and bonds calculator, interest accruals, revaluation and amortization can be managed.

Limit Management Module

Counterparty and dealer limits can be entered and tracked in the system. Limits can be checked prior to trade entry to help manage treasury risk effectively. Dealers can request temporary, time based limit enhancements which need to be approved by designated middle office users.

Counter Party Module

eDeal maintains counter party database, Standard Settlement Instructions (SSI) and bank accounts. SSIs are applied to deals entered into the system to automatically generate specific payment instructions. It is important that the corporate counter party’s bank accounts are entered correctly for the settlements to be processed properly.

User Module

Besides creating profile for user option is available to set privilege. Roles, a way of assigning specific permissions to a group, allow fine-tuning the security and administration of eDeal. Users access only the data and functions they are permitted to.

Transaction Processing Module

Actual accounting entries will be passed away to the core software. eDeal has options to generate handoff files of entries that can be uploaded in the core system.