Finastra Kondor+

Kondor + - the solution for risk management and positions for the front - and middle-office.

The product offers powerful, flexible tools for work with transactions, positions, limits and risks on all range of financial instruments in real time.

The supported markets and tools

Foreign exchange market (Forex Market)

• Transactions of SPOT (SPOT): standard, client (corporate) with a possibility of execution through other currency.
• Forward currency transactions (outright forwards): with a possibility of change of completion date (time option), renewed (takes up), with a possibility of execution through other currency (split currency), non-deliverable.
• Currency swaps (FX SWAPS): standard (round), non-standard (non-round), a rollover (roll-over) and a beater-bek (roll-back) with a possibility of separation into parts (multi-part), the forward forward (forward-forward), with a possibility of change of completion date (time option), renewed (takes up), client (corporate), investment (investment) with a possibility of execution through other currency (split currency)

Screenshot of application window, 2014

Money market (Money Market)

• The credits and deposits with the fixed income or discount (Interest at Maturity & Discounted Loans and Deposits)
• The credits and deposits with a floating rate of income with a possibility of accounting of pledge (Periodic & Collateral Loans and Deposits)
• Transactions of purchase and sale of bills of exchange and deposit certificates (Commercial Papers & CDs)

Securities

• Stock and off-exchange exchange transactions of purchase of sale of shares and bonds.
• Repo transactions (REPO): with bonds (Bonds), actions (Equities), bills of exchange and deposit certificates (Papers and CDs)
• Transactions on providing loans in the form of securities (Securities Lending)

Screenshot of application window, 2014

Market of the derivative financial instruments (Derivatives)

• Agreements on forward rates (Forward Rate Agreements, FRAs)
• Futures contracts (Futures): currency futures (Currency Futures), shares futures (Equity Futures), futures for indexes (Index Futures), short-term futures contracts on interest rates (Short Term Interest Rate Futures), futures for bonds (Bond Futures), futures for short-term debt securities (Bill Futures)
• Exchange options (Traded Options): share options (Equity Options), options for indexes (Index Options), currency options (Currency Options), options for futures (Futures Options)
• Off-exchange currency options (FX OTC Options): standard the American and European type (Plain Vanilla American and European Options), exotic (Exotic), option contracts on options (Compound Options)
• Off-exchange options for bonds (Bond OTC Options)
• Off-exchange share options and indexes (Equity and Index OTC Options)
• Interest rate swaps and currency interest rate swaps (IRS/CIRS)
• Options for swaps (Swaptions)
• Swap transactions with actions (Equity Swaps)
• Caps &Floors
• Structural products

Together with Kondor + a large number of the reports and calculators helping the trader or the analyst to calculate a financial result and to estimate parameters of transactions is delivered: influence of transactions on a position and on limits to calculate profitability and the fair price.

Accounting of the Russian specifics

The built-in customizers of Kondor + and Systematica Radius provide necessary completions of Kondor + both for the Russian financial market, and for specific requirements of the customer.

Systematica Radius provides to users a user-friendly interface for work with Kondor + and is the powerful tool on the "deep" Kondor+ setup. Systematica Radius allows to develop the difficult interactive reports working in the mode real vremeniya, and specialized tickets of transactions. Systematica Radius expands possibilities of Kondor+, providing a set of add-on modules, such as automation of client business, the server of positions and others.

Reporting in real time

The most important characteristic of the modern solution of automation for the front - and middle-office is the reporting received by the user in real time.

In Kondor + and Systematica Radius reports are automatically updated on screens of users at the conclusion of transactions, change of market quotations, limits using information delivery systems from the server about "point" data of change that allows to use resources of the server and network optimum.

Integration with the exchanges and the trading systems + are developed for Kondor and gateways to the main Russian marketplaces are supported: MICEX, RTS, FORTS. Gateways to Reuters Dealing 3000, Reuters DealSputnik, Bloomberg, the systems of Internet trading of Barclays, UBS, Hotspot, ODL are also available.

Integration with a back office

A system can be integrated with the back office system of bank by means of the bidirectional gateway which has the following main features:

• real-time transport of information on the concluded bargains from Kondor + in a back office system

information transfer about processing stages of the transaction and a status of payment under the transaction from a back office system in Kondor +

• synchronization in two systems of information on securities, partners, other static information

All logic of processing, conversion and data transmission is described in the gateway in the form of a rule set which can be edited in the user-friendly graphical interface. The gateway provides mechanisms of "thin" setup of rules under business logic of the specific client.

The gateway has a ready rule set for integration into the back office Diasoft 5NT system, most widespread in the Russian Federation.

Open architecture and flexibility of setup

Kondor + has open and perfectly documentary database, open program interfaces, the powerful report generator and means of completion of the user interface. Additional opportunities for setup are given by Systematica Radius. All this allows to adapt a system to any requirements of the customer and to customize a system so that it optimum solved the standing problems.

Performance The thought-over and debugged operation algorithms and also the technological solutions which are the cornerstone of a system allow Kondor + to cope with large volumes of information, processing thousands of transactions a day, to conduct positions on tens of thousands of tools, revaluating them on the quotations changing every second.

Scalability

Kondor + has modular structure - there is an opportunity to purchase separate licenses for the separate markets and to implement the additional markets step by step as required according to business requirements. At expansion of a range of the traded tools and increase in the amount of business there is no need to buy the separate systems. The customer uses the single database and the consolidated statements on all the transactions.