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Dealing Room
The dealing room system has two main applications
It can be interfaced for receiving market rates and prices from external sources for the dealer to use this information along with limits reflecting the banks investment strategies, to make a deal. The deal is taken through verification and approval process. The subsystem has telex/swift interface to prepare outward messages for the other party.
The system provides an ongoing information about the profitability and risk involved, so that a dealer can use the opportunity to cover the risk. It automatically matures and settles deals. The subsystem is capable of handling various types of instruments available in the financial market.
The deal slip entry is considered as the basic and only input to the dealing room system. This deal entry whether a foreign exchange deal slip (buying or selling currencies) or a money market deal slip (placement/deposit or rediscounted instruments) will automatically create all the financial transactions on different accounting ledgers and accounts. Hence will do an immediate update and have up to date information without any delay.
The deal types handled are:
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Deposits |
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Spot and special spot |
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Forward and special forward |
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Option and its utilization |
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Swap |
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Arbitrage |
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