The Derzhava bank completed automation of transactions of a repo

March 20, 2015. JSB Derzhava announced^[1] about updating of a management system for the security transactions, based on the RS-Securities platform.

Existence in the solution of functionality for support of an off-exchange repo with a basket of securities with management of providing, clearing and calculations in the National Settlement Depositary (NSD) became the main reason for updating. This tool of the Bank of Russia on liquidity provision allows credit institutions to plan transactions according to own needs for urgency of financing and to save on the costs connected with renewal of a repo.

At the initial stage of implementation RS-Securities V.6 had basic potential for work of banks with the new tool of the regulator. Within the project with JSB Derzhava a system was replenished with the additional developments considering all features of an execution of repo transactions with a basket of securities. Readiness of bank to test some transactions in the test mode allowed specialists of R-Style Softlab to carry out the analysis of real reports from NSD. Thanks to assistance of credit institution the company could create correctly requirements to processing of processes in a system and provide to bank the full-function solution.

Project Development

On June 15, 2016 the R-Style Softlab company announced expansion of functionality of a system for work in RS-Securities V.6 financial markets in Derzhava credit bank. The financial institution had an opportunity of the automated support of transactions of a repo with the tool of the Moscow Exchange — the clearing participation certificate (CPC)^[2].

Project Progress

The company integrator updated the module "Back Office of Transactions with Securities".

Bronze prize-winners of a game "That? Where? When?" - a command of Derzhava bank, (2014)

During the IT company project:

• upgraded a program code of accounting of transactions and transactions with KSU,
• improved reference books,
• categories of accounting,
• procedures of import and reports,
• held testing and documentation of functionality on all blocks of development.

At the final stage R-Style Softlab prepared a set of changes and implemented updates in the installation set in bank.

Project Results

Automation of back office support of transactions with KSU will help bank quickly and to qualitatively execute loading of transactions of direct and return repo with KSU, to reflect transactions of issue/repayment of KSU, to transfer securities to a property pool and to return from it, to carry out the accounting, internal and depository accounting according to transactions and transactions with KSU.

We began to study automation of accounting from the first days of testing of transactions of a repo with KSU at the Moscow Exchange that allowed to provide to bank qualitative IT solution timely. Thanks to harmonious cooperation of staff of the company and bank at an analysis stage, the transferred solution completely satisfied the client and did not demand any completions after testing by users. Lev Frenkel, director of the department of banking software of RS-Bank of R-Style Softlab company

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