Use FINBOS to STP capital markets payables and receivables

Maximise returns, minimise risks and have the ability to make provisions

Simple, straightforward, secure, easy to implement and easy to maintain, FINBOS tracks cash management and cash flows (receivables and payables) between counterparties.

The result?

Those working in settlements with a responsibility for claims and tax, as well as those working in brokerage can manage the regulatory capital cost involved in having a lot of money owed to you:

Cost efficiency and control
- With transparency comes elimination of balance sheet risk.
- With the right MI and intelligence, your operations teams can accelerate the funding cycle and thus optimise:
  - Capital.
  - Liquidity.
  - Leverage.
- Gain access to the information you need to achieve:
  - Head count cost reductions.
  - Funding cost reductions.
  - Regulatory capital costs reductions.
    - Reductions in significant capital tied up in aged receivables.
    - Release of capital tied up in interest rate costs on outstanding receivables.
Internal control and risk management
- Reduce the complexity and risk associated with the collection and settlement of payables and receivables.
- Improve governance.
- Have immediate access to critical intelligence and warnings.
- Minimise losses.
- Be confident in obtaining clean audit reports.
External control and risk management
- Be able to satisfy regulators that your senior managers have a firm grasp on the business.
- Keep on top of compliance, counterparty risk and regulatory tax issues.
Client Service
- Have the ability to demonstrate exemplary systems and processes so that you can gain your clients’ trust.
- Analytics can provide key insights, allowing you to provide clients with dynamic information about their investments.
Strategy
- Have the information you need to make strategic decisions on banking initiatives. Furthermore you will be able to:
  - Drive strategies for operational efficiency, risk management and change.
  - Manage your location strategies: know that Meritsoft’s streamlined and consistent processes can be off-shored.

Improvement in business performance

Accelerate your funding cycle and get thorough transparency. FINBOS uses an educated and systematic approach to balance operational efficiency with cost control. In particular it:
- Enables straight through processing of settlements processes from case management, workflow, regulatory compliance, payment and settlement of balances in areas such as coupons, interest, dividends, fees, derivatives and brokerage and any other type of cash flow.
- Provides senior managers with 360º transparency of the balance sheet. This means you can control debt management and implement provisioning strategies. Elsewhere with a high level of transparency you will be equipped with all the information you need to develop global strategy and vision.

Address specific operational needs by easily adding on modules

Payments

Reduce payment costs. Facilitate bulking/netting. Generate messages in formats acceptable to multiple gateways and banks. Immediately identify if payment messages have been processed. At the same time enhance customer service.

SSI Repository

Increase straight through processing and reduce time spent entering and validating standard settlement instructions (SSIs) each time a payment is made. Standardise the formatting and exchange of SSI information.

Choose to add SSI Repository as a complimentary module to the Payments module or as a stand-alone module.

Postings

Facilitate bulking, netting, control and reversal. Receive ledger balances updates. Generate messages in formats acceptable to multiple ledgers. Immediately identify if posting messages have been processed.

Profit and Loss

Get a detailed view of your P&L. Calculate profit and loss arising from dividend events. Take into account stock loan borrow transactions, depot and market claim transactions and book postings. Allocate the difference between amounts received and paid between tax elements and profit & loss.

Detect updates to positions and trigger updated P&L calculations. Predict and record date estimates, adjusted for taxes. Track over borrowed positions prior to their record dates.

Connect to market matching mechanisms

Connect to Equilend/Euroclear and enhance STP. Improve resource allocation by automating matching of payables and receivables from multiple counterparties. Simultaneously obtain a high level of transparency, full audit trail and detailed management information for strategic planning.

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Learn how operations benefit from FINBOS

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