Pegasus Back Office

product description

This module allows management of all operations that can be performed within the world of securities, to begin with order entry, client positions management, inquiries and transactions operations, to end with accounting transactions recording and updating of control and notification procedures.

Structure

The application's structure can be summarized with the following logical blocks:

  • Data base

  • Counter activities

  • Front Office activities

  • Middle Office activities

  • Back Office activities

  • Central administration

  • Monitoring

  • Work environment definition

Data base

Within the data base are collected all the tables which represent the primary data source for the procedure:

  • Security types records

  • Centralized securities records( with automatic flow acquisition from  Master File, ICCREA, SIA)

  • Issuers records (fed by Italian Exchange Office records)

  • Reasons for operations

  • Product records

  • Institute's cartel

  • Agreements

  • Stock Exchange calendar (including holidays for each Market)

  • Decoding tables

front office operations

It's the part of the procedure that takes care  of the interface for front office and counter operators, typical activities  for a branch:

  • Securities Dossier (with the possibility to mange sub-indexes and connection to external procedures)

  • Provisions entry

  • Transactions simulation

  • Provisions control center

  • Queries and reporting of clients' position

  • Queries and reporting of branch portfolios

  • Available products

  • Operations simulation

  • Query on available products (baskets)

  • Automated routing control center

Middle Office operations 

Middle Office operational functions allow management of the area pertaining to markets trading:

  • Order routing and execution management;

  • Functions for response or abandonment of Options/Futures

  • Function for massive auction/subscriptions/placements results;

  • Repurchase agreement's  management (both active and passive)

  • Inquiries and reporting on Securities Centralized Administration

  • Inquiries and reporting on securities movements

Back office operations 

BackOffice operative functions manage all the automated and massive activities  resulting from the world of securities, specifically:

  • Management of  deadlines/coupons/dividends reimbursements;

  • Functions for capital increase management (splits, divisions, conversions, etc.)

  • Summary of counterparty movements;

  • Settlement receipt with netting at multiple levels;

  • Generation of settlement letters to counterparty and depositaries;

  • Generation of settlement data flow to Clearstream;

  • Massive depositary exchange on securities;

  • Default swap management;

  • Matrix for determining risk operations related to production of safety and inadequacy clauses

  • Summary documents management

  • Management of TFA argentine securities

  • Automatic tick-off of administrative events with data flow from counterparty

  • Express II management

 

 

 

 

 

 

tax records  

  • Order registers management;

  • Complaints register;

  • Stamps register for transactions on securities

  • Generation of maturity advices, contract confirmations and  informative notices 

 

accounting links

Automatic generation of  bookkeeping records through accounting outlines  

 

portfolio holdings

The application allows management of portfolio holdings according to IAS criteria therefore managing the transition period from CMC to IAS's modality of portfolio's subdivisions and budget drafting.

The following functions  allow management of portfolio's holdings on two fronts: markets interaction and control of treasury's securities:

  • Provisions introduction on portfolio's holdings;

  • Portfolio's queries and reporting

  • Evaluation, by average cost, of potfolio's holdings;

  • Evaluation of portfolio's holdings according to IAS criteria;

  • Report of control of earned accruals on securities;

  • Detailed reporting of trading and accounting profits.

  • Summary of profit/loss on foreign exchange

  • Portfolio's pondered average rates

  • Management and control reporting on investments and risks

  • Management and control reporting on participations

  • Mark-to-market returns

  • Functions of budget drafting

  • Automatic editing of integrative budget notes

  • Proposition and confirmation of year's closing revaluations  and devaluations

  • Management and control of financial risks

  • Management and control of operational limits, position limits and qualified counterparty

  • Counterparty risk analysis

periodic closing

  • Monthly closing with balance consolidation and statistical data

  • Parametric generation of securities' statements of accounts

  • Calculation and management of custody rights

  • Stamp charge calculation on securities reports

 

notifications

Through the following functions it's possible to produce all evidences requested by boards of control:

  • PUMA 2 excerpt

  • Notice to UIC on both direct and portfolio's investments

  • Consob notice deliberation  14015

  • Consob notice deliberation  14035

  • Taxation of non-residents income from Capital  (Q.I.)

  • Registry tax communication (DLGS 84/05)  

work environment definition

Contains all procedural parameters that allow customization in order to make it suitable to clients' different operative modalities.