Equation supports the treasury operations of a bank in two ways. The first level is designed to handle banks with less complex needs or banks with separate treasury operations. The second level supports more complex and sophisticated needs via the integration of Misys’ market leading treasury system, Opics. In both cases, the treasury components are fully integrated with the rest of Equation.
Option 1 - Standard
Whether the bank is dealing on its own behalf or on behalf of its corporate clients, Equation manages activities in the Foreign Exchange, Money Market and Capital Markets areas. The multi-currency, multi-branch system uses automated procedures for the processing of money market and foreign exchange trading, interest accruals and settlements, swap accounting, maturities, contingent accounts and profit and loss. Rapid data entry tools and shortcuts ensure that data is captured quickly and accurately.
Customer and account records are immediately updated to reflect data entered. The system can process back and forward valued transactions and permit the automatic recalculation and adjustment of accrued interest. Equation has a highly flexible approach to reporting, enabling the bank to produce as much or as little information as required and to alter the reporting requirements quickly and easily. Customer documentation can be generated in a format defined by the bank and in the customer’s preferred language.
Equation supports a wide range of deals and transactions, including; spots, swaps, overnight and term placements and deposits, forwards, options, call and notice money and discounted bills.
Option 2 - Opics
For banks with more specialist treasury needs, Equation provides Misys’ market-leading treasury and capital markets system, Opics. The system provides full deal-processing capabilities including deal capture, confirmations, settlement, credit and risk measurement, market-to-market facilities and accounting for treasury, capital markets and derivative instruments.
Although tailored to meet the treasury needs of retail banks, modules can be added to meet the enhanced requirements of more specialised treasury functions. The system enables the bank to reduce cost by centralising systems and operations. The system provides the bank with functionality to use Opics as a fully featured departmental treasury system and Equation as the retail banking system, with a two-way interface between the two.
