In Home Credit updating of RS-Securities and RS-Dealing

2017: Updating of RS-Securities and RS-Dealing

R-Style Softlab updated in Home Credit and Finance Bank LLC (Moscow) the solution RS-Securities V.6 automating work of credit institutions with securities and the derivative financial instruments (DFI) and also transactions with currency.

Process improvement of work with financial instruments of the forward transactions and conversion transactions was the purpose of upgrade. After updating the module which integrated in itself functionality of subsystems "A back office of transactions with derivative tools" from the previous version of RS-Securities V.6 and Conversion transactions from the RS-Dealing V.6 system which is also installed in bank became available to bank.

Thanks to software updating specialists of bank perform all pool of transactions with currency in one interface (but not in two different systems as earlier) which covers netting on all payments of transactions, release of the general reporting, execution of the general agreement on all types of transactions and so forth.

Implementation in one module of functionality of two different subsystems will allow credit institution to increase employee performance, working with transactions with currency and PFI and also to reduce risk of emergence of errors when carrying out transactions.

2016: The functionality of RS-Securities is expanded

R-Style Softlab expanded functionality of the business application for automation of work of bank in stock and exchange financial markets RS-Securities at head office Home Credit and Finance Bank LLC (Moscow). The IT company implemented a new set of the analytical registers of tax accounting (ARTA) on own transactions of financial institution with securities and derivative tools.

Within project implementation registers on reserves (801, 802), on charge (411), registers of implementation (211, 212, 215), the short positions (611, 612, 615), open short positions (721) and also registers repo (507, 508, 511, 512, 513, 514) were set. The new set of registers is optimized in accordance with the legislation of the Russian Federation in terms of providing information and obtaining summary values. Besides, R-Style Softlab implemented a possibility of formation of ARNU through a web application interface that will significantly increase convenience and will reduce time of business users at release of tax statements of bank.

2013: Back office of transactions with derivative tools

The R-Style Softlab company announced on July 2, 2013 start in operation of the module "Back Office of Transactions with Derivative Tools" from composition of RS-Securities in Home Credit and Finance Bank.

Profitability justifies costs

The forward market is highly profitable, though very risky field of investment. Emergence and distribution of the derivative financial instruments is connected with search of an optimal investment strategy which could provide not only profit earning, but also insurance upon risks at the adverse change in price.

Positive sides of use of derivative tools are complicated for banks by difficult and expensive support of transactions in accounting. Therefore for optimization of maintenance and solving of tasks of accounting of transactions with exchange and off-exchange tools the customer selected the "Back Office of Transactions with Derivative Tools" system from the structure of RS-Securities.

Implementation

One of the most labor-consuming tasks during the project - implementation of algorithms of calculation of fair value of derivative tools by techniques of bank which is executed automatically for all types of off-exchange contracts now. Earlier this problem was solved with the help of the MS Excel.

In final project stage specialists of R-Style Softlab executed two test closings of month for the customer. On obtaining positive results of testing the module is brought into operation: for July 2, 2013 the bank actively uses it for support of off-exchange transactions.

"Old cooperation of R-Style Softlab and Home Credit and Finance Bank continued successful start of the module "Back Office of Transactions with Derivative Tools" thanks to which the credit institution will be able to strengthen positions in the market. We thank our partners for fruitful joint work", - Galina Kipervarg, the deputy CEO of R-Style Softlab company emphasized.