Swap deal types allow traders to input interest rate swaps, including those linked to IMM dates, currency swaps, coupon swaps and foreign exchange swaps. Fixing details can be input for individual deals or on a group basis. A range of deal types allows the input of details of treasury bills, commercial bills and commercial paper, fixed and floating rate CDs, coupon securities, and also details of traded instruments issued by their own bank and subsequent sales or buy-backs. Call accounts can be maintained for any combination of counterparty and currency. Deposits and withdrawals can be input.
Interest is accrued on a daily basis and can be paid by cheque or added to the account's balance.
Checking mechanisms can be enabled to warn of or prevent overdrawn accounts. Money market deals can be covered by Forex deals. These deals can be confirmed later in the day and included in positions. Flexible and Configurable MM Deal Capture offers flexibility at deal level, for example allowing different deal types to be configured to permit dealing in only specified currencies or by particular traders. Similarly deals can be limited to particular interest bases or to only fixed interest or floating interest.