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Tel. +39 02 455 063 93 • Fax +39 02 290 145 72

This is a complete solution to conveniently integrate Front and Middle Office applications with the Back Office and book-keeping accounting systems in the management of any financial contract, especially derivatives, both regulated and OTC. It also features specific data flow generation tools needed to calculate the Net Asset Value (NAV) in financial contracts.

The product is in line with IAS accounting standards (principles 32 and 39 including hedge accounting). It also provides notification data flow directed at supervisory authorities and operations settlement information for SWIFT purposes.

The following are the user activities managed by RiskArt®:

Manager

This user can insert order proposals for the managed fund’s derivative instruments. This data loading process defines the features of future operations and involves all information concerning the loading of contracts.

These are the main user functions managed by RiskArt®:

  • Manual contract insertion (order proposals);
  • Monitoring the outcome of limit control and other qualification processes within the legacy system;
  • Modification/cancellation of the order proposal;
  • Contract consultation;
  • Valorization control.

Trader

This user is in charge of transferring orders to the counterparty.

Once the validation process is concluded, this user is in charge of:

  • Filling in any additional required information in the contract;
  • Negotiating the order proposal and the execution conditions with the counterparty;
  • Confirmation of the contract
  • (execution).

Back Office User

This user is in charge of administrative, accounting and notification activities.

The Back Office user verifies and checks the operations carried out and takes care of all necessary integration, correction or cancellation.

These are the main procedures a Back Office user is involved with:

  • Registry management of derivative instruments and baskets;
  • Counterparty registry management;
  • Reviewing operations with
  • counterparty;
  • Correction/cancellation of operations;
  • Cash flow management;
  • Regulations management with deposit bank;
  • Valorization and NAV calculation;
  • Book-keeping entry verification;
  • Creation of supervision notification;
  • Administrative and accounting report generation.

System Administrator

This user is in charge of the current solution and the main tasks involve:

  • Monitoring of communication processes among applications;
  • Monitoring batch interfaces (registry of securities and counterparties, price and exchange rate input, account flows and notification etc.);
  • DB administration;
  • Configuration table management.

 

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