Management of OTC derivatives
Given the growing complexity of the financial markets and the continuous innovation that characterizes them, proper management of OTC derivatives is increasingly important.
riskart has a high degree of flexiblity for back office management of OTC derivatives and for any future evolution or development of these derivatives. This characteristic is guaranteed by the ease in customization , which allows the user to create new types of agreements without the intervention of a programmer.
One of the strong points of riskart is the management of swaps to meet the needs of the back office. riskart manages both Interest Rate Swaps (IRS), which are considered plain vanilla derivatives, but also those instruments, such as swaptions, which are options on underlying IRS transactions.
The main functions of the back office management of derivatives include the registration of their purchase and sale, and the generation of the relative transactions and the corresponding accounting movements.
For back office management of swaps, riskart generates a cash flow forecast plan that automatically highlights the amount due on the effective date. In addition, for any changes that are made to the original agreement, the system automatically recalculates the future amounts.
