FT-TSS is an integrated system for the real time management of counterparty, settlement, and rate risks both on e-MID and Repos markets. Its main target is e-MID members who need an efficient and reliable instrument for the management of Credit Risk. It aims to counteract the complexity in the financial scenario caused by the increasingly vast numbers of international operators joining the markets.
FT-TSS complies with Basel II Pillar I requirements, and guarantees control of Credit Risk exposure through the management of:
- counterparty risk;
- settlement risk;
- rate risk.
This solution is designed to provide enterprise wide treasury management and position keeping that fully supports the STP life cycle of the financial products.
The modular nature of the products supports client specific configuration of the solution to fulfill the specific needs of each institution. Modularity refers both to supported instrument types (Money market, Equity, Fixed Income) and to the level of STP.
B.O.S.S. includes modules specifically designed to manage liquidity for the Bank and its Subsidiaries, to provide features for controls in terms of Counterparty, Regulation and Rate risk and to manage Middle & Back Office operation like deals checks, amendments, derivatives expiration procedures, settlement instructions and SWIFT confirmations.
The system also supports end of day procedures (EoD price fixing and position rolling), the possibility to view the portfolios at past dates and includes a number of tools for position reconciliations with legacy systems.
Different kinds of risks can be evaluated such as counterparty risk (using a Credit Risk Equivalent approach), settlement risk, market risk (in terms of benchmark equivalent, greeks, interest risk sensitivity, etc.) and liquidity risk.
(BOSS)
