Development of a Refinancing Tool for non-Local Currency Cashflows

Project Description

Cashflows from non FX trades are sent to the refinancing application by MQSeries.
Non EUR cashflows are aggregated according to their maturity and currency.
The aggregated cashflows are changed against EUR and the FX risk is tranferred to the FX tarding desk.
FX traders fix the FX rates by a web based GUI. Those fixing rates are used to refinance the aggregated cashflows into EUR by generatinf spot and forward trades.
Rates and trade references are sent back to the back office.
For verification of the generated FX trades, a reconciliation engine was implemented.

Financial Department

Front Office

Financial Instruments

Forex Exchange, FX

Market Interfaces

Thomson Reuters

Departments - Products

Front Office - Kondor+

Vendor - Involved Products

Thomson Reuters - Triarch,
Thomson Reuters - Kondor+,
Sybase - Sybase ASE,
BEA - WebLogic Server,
Apache - Tomcat

Technologies

MQSeries,
Java,
SQL,
Servlets,
Javascript,
HTML

Project Description

Cashflows from non FX trades are sent to the refinancing application by MQSeries.
Non EUR cashflows are aggregated according to their maturity and currency.
The aggregated cashflows are changed against EUR and the FX risk is tranferred to the FX tarding desk.
FX traders fix the FX rates by a web based GUI. Those fixing rates are used to refinance the aggregated cashflows into EUR by generatinf spot and forward trades.
Rates and trade references are sent back to the back office.
For verification of the generated FX trades, a reconciliation engine was implemented.

Financial Department

Front Office

Financial Instruments

Forex Exchange, FX

Market Interfaces

Thomson Reuters

Departments - Products

Front Office - Kondor+

Vendor - Involved Products

Thomson Reuters - Triarch,
Thomson Reuters - Kondor+,
Sybase - Sybase ASE,
BEA - WebLogic Server,
Apache - Tomcat

Technologies

MQSeries,
Java,
SQL,
Servlets,
Javascript,
HTML