CustIS developed for Gazprombank an automated system of accounting for transactions in the interbank currency exchange market

In Gazprombank since December, 2012 in the mode of trial operation the automated system "Accounting of financial transactions" (AS of BFO) developed by CUSTIS company functions. AS of BFO provides accounting and prepares the reporting according to rules RPBU for transactions in the market of FX which are conducted by bank in the Calypso system. Implementation of AS of BFO took place within project implementation of GPB (joint stock company) on building of component IT architecture and centralization of information systems of bank.

At the beginning of 2011 Gazprombank started upgrade of the automation system of trade operations in financial markets based on software of Calypso in which a design, account and execution of operations on transactions of purchase and sale of foreign currency with delivery (currency conversion) is kept. During the project in bank the decision to use a separate specialized system for accounting of such transactions according to rules RPBU was made. Use of the external accounting systems (External Accounting System) is widely applied in foreign practice at creation of IT solutions in financial institutions. In such sheaf the accounting system processes business events, transforming them to accounting entries according to requirements of the existing accounting legislation.

Development of the external accounting system was charged to CUSTIS company which already proved earlier as the reliable IT partner of Gazprombank in the project of creation and implementation of "General ledger" – the central system controlling and coordinating accounting in GPB (joint stock company). The "general ledger" developed by CUSTIS company integrates credentials from several business applications which functionality covers a broad spectrum of transactions of bank. Development of the new accounting system began spring of 2011, and in December, 2012 AS "Accounting of financial transactions" was implemented in trial operation.

As well as "General ledger", AS of BFO is created based on the accounting CUSTIS platform which in this project is configured on implementation of accounting of transactions of purchase currency sales in interbank market. In addition to functions of accounting, AS of BFO provides interaction with other IT systems according to accepted in bank to technology of interaction a component.

Basic functions of the Accounting of Financial Transactions system:

• Automatic accounting of interbank conversion transactions on the basis of the business events received from the Calypso system according to perfect transactions.
• Processing of business events on implementation of payment under perfect transactions.
• Maintaining trading day and implementation of mass accounting transaction operations of interbank currency conversion according to rules RPBU, including such, as: calculation CFV (current fair value), reservation, transfer of pair accounts, transfer of a remaining balance in process of change of terms of requirements and obligations, adjustment and revaluation on accounts of Chapter "G".
• Interaction with other information systems of bank through an integration bus (including exchange of primary documents, events, accounts, postings, etc.).
• Formation of the operational and management reporting on the basis of business and accounting information.

Sergey Tikhomirov, the First Deputy CEO of CUSTIS company, tells about a new system:

"By request of Gazprombank the Accounting of Financial Transactions system was projected and developed so that to provide automatic accounting within one isolated business area. The core of AS of BFO (the accounting CUSTIS platform) is configured for generation of postings on transactions of the necessary type. On an input of AS of BFO events from the system of primary accounting of transactions and events on their execution – in its initial formats arrive. On the generated records on accounts of assorted accounting of BFO mass (accounting) transactions, closing of trading day and reporting – all this according to rules and the restrictions set by account policy of bank and also the accounting rules regulated by the Central Bank of the Russian Federation are executed. Our accounting platform rather flexible and universal that on its basis to create the specialized solution which is set up on accounting of those transactions which are necessary for bank "here and now". When the customer has a need to expand a range of transactions, AS of BFO will also be configured on new type of transactions. Actually "Accounting of financial transactions" is a universal accounting module which together with "General ledger" helps to build the accounting focused architecture with bank".