Ukrgazbank upgrades management of treasury

On July 11, 2014 the Lime Systems company announced implementation of the module Treasury of the Scrooge system in PJSC Ukrgazbank.

Project Tasks

Project objective - automation of registration and obtaining transactions from one of the main systems of the interbank currency exchange market of Thomson Reuters Deal Tracker, their accounting in the core banking system Scrooge and further processing in the system of a back office.

Earlier at signing of the contracts between banks, the created ticket in paper form was transferred to the relevant services of bank for further processing, vising and wiring implemented in different banking systems. The complex Treasury helped bank to automate process of receiving and processing of the bargains concluded in the Reuters system (FXMM-DEPO, FXMM-SPOT, FXMM-SWAP, FXMM-NETTING, the ave.), and by means of the preconfigured business logic simplified a task to direct participants of process in adoption of further solutions within these agreements.

Project Progress

The project in PJSC Ukrgazbank is begun with the analysis of business processes of bank, its accounting policies and modeling of business logic of all process. After processing of the acquired information, the project was separated into 2 stages:

• on the first implemented transactions on interbank credits / deposits,
• on the second – transactions for purchase/sale of national currency.

The complex Treasury consists of several automated modules which monitor integrity of business processes of Treasury on interbank credits / deposits, cash and exchange transactions with currency. Complex Treasury includes five key applications subsystems: "Clients of a dealing system", "Indicative rates", "Manager of requests", "General requests" and Transactions.

Feature of the project in PJSC Ukrgazbank - in integration of a complex Treasury with an external system of the interbank currency exchange market of Thomson Reuters Deal Tracker. Earlier the Thomson Reuters company announced removal from maintenance of the product Reuters Deal Sputnik and transition on new - Thomson Reuters Deal Tracker. With respect thereto the Lime Systems company developed the special module of interface allowing to automate data acquisition of their Thomson Reuters Deal Tracker system and their displays in the core banking system Scrooge.

Project Results

In bank a number of modules is implemented:

• the integration gateway between the Thomson Reuters Deal Tracker system and a complex Treasury;
• the complex Treasury containing a certain set of interfaces and all business logic necessary for performing transactions;
• the L-SWIFT system of development of Lime Systems company which is a link between a complex Treasury and the SWIFT system used in bank. L-SWIFT allows to visualize the notifications created in Treasury for further processing and adoption of solutions on them then data are transferred to SWIFT. And also L-SWIFT obtains information from SWIFT, processes it and displays in Treasury.

Besides, the complex Treasury interacts with the contractual system of the core banking system Scrooge within interbank credits / deposits. At the same time process of tracking and adoption of timely solutions on agreements significantly becomes simpler.

Treasury in PJSC Ukrgazbank, starting with the analysis and approval of processes in bank, finishing all implementation project of a complex with testing of system operation and personnel training, took about 10 months and it is complete in the spring of 2014.

"Treasury in bank and its integration with Thomson Reuters Deal Tracker many processes which had to be performed manually earlier allowed to automate system implementation, – Natalya Rudukha, the vice chairman of the board of PJSC Ukrgazbank noted. - It unambiguously reduced the probability of operational risks. Moreover, the preconfigured logic and fast display of all of necessary information on the agreement, automatically created postings significantly reduce time of processing and carrying out transactions. It is possible to tell with confidence that implementation of Treasury in Bank allowed to optimize workflow and to redistribute resources for accomplishment of other priority tasks".