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Solutions
Credit, Loan and Collateral Management
Financial Institutions must be able to easily offer and manage the growing demands in both domestic and foreign currency loans, without compromising the institution's collateral, credit, regulatory, market risk management, accounting and audit requirements. LOAN GALAXY™ delivers exactly that with a simple and rich user experience.
LOAN GALAXY ™
- Revolving loans
- Term Loans
- Lines of Credit
- Amortization
- Loan Payments
- Drawdowns
- Plug & play interface
- Configurable workflow
- Micro-services
- Distributed Computing
- Faster in-memory data grid
- Hyper scalable architecture
- Drag & drop reporting
- Realtime monitoring
Front Office
Fully integrated into FX STAR™ Desk is the Money Market Module. Book and manage loans and deposits in multiple currencies, in any combination of types and conventions observed throughout interbank, capital, commercial, and corporate/leveraged markets.
- Global money market conventions are supported, including tenor/term, business day and day count conventions, fixed versus floating, indexing/spreading and resetting across multiple currencies, floor/cap setting, amortizations (conventional and custom driven), and grace periods are supported.
- Live integration to market data feeds or separately controlled market data management
- Book advances, payments, and rollovers with just a few entries and clicks.
- Notices and statements are generated by the system on schedule and on demand.
- Credit limit and market risk metrics are fully integrated alongside FX, providing management a complete 360 degree view of counterparty risk.
- Cash flow/funding is fully integrated into position blotters for seamless cross market/instrument management, including hedging through swaps.
- In-memory grid architecture with realtime access to trade, risk and P&L.
- Simple trade booking with integrated P&L calculator.
- Slice and dice pivot tables.
- Custom report builder.
Back Office
Fully integrated into FX STAR™ Office is the Money Market Module. FX STAR™ Office is a powerful back office system for efficient and secure post-trade processing with tailored workflow solutions.
- Simplified plugin to integrate with bank’s DDA system to check balance in real-time, memo post, override posting error, and finally hard post.
- SWIFT plugin to instruct correspondent banks to confirm the trade, process payment, receive incoming wires, receive trade confirmations and receive nostro statements.
- Integrated and automated OFAC/Compliance screening, score based auto approval, false positive approval, BSA approval and audit tracking process.
- Country specific payment requirement configuration and enforcing the required fields for payments.
- Integrated BIC directory, IBAN validation, and international bank identifier validation.
- Workflow-driven PDF confirmation generation and transmission process, with a client interface to confirm, or upload signed confirmation.
- Automated SWIFT confirmation with automated and manual matching.
- Efficient incoming wire processing.
- Simple and powerful Nostro Reconciliation process and reporting, including delineation and segregation of master and sub account balanaces.
- Automated regulatory reporting engine.
- Simpler draft collections, draft image upload, clearing, and FX conversion process.
- Comprehensive Investigation management and reporting.
- Automated MTM report generation and transmission plugin.
- Detailed and best market practice journal entry generation and reporting plugin.
- Automated End of day processing with controls to run intra processing.
- Straight through processing with manual control when required.
- Out of the box, best market practice workflow tailored to suit your institution’s unique needs.
- Readily available plugins to integrate with DDA, SWIFT, GL and AML systems.
- System access is driven by entitlements and two-factor authentication.
- Maker and checker dual authorized function for crucial processes.
- Integrated document management system to manage all customer agreements and documents.
- Simple and powerful, template driven report builder.
