Leading European supplier of post-trading services went live with new version of Framesoft Repo & Securities Lending (FRS)
Frankfurt, 19 November 2011: One of Europe's largest clearing houses went live with LMS 6.6, based on Framesoft Repo & Securities Lending (FRS)
Since 1999, FRS is in productive use, called 'LMS' in the customized version. FRS is based on FON - Online Negotiation & Collaboration, which provides the powerful base functionalities which are one element of the 12 year - and still ongoing - success story of FRS with this customer. FRS offers a wide range of features needed for successful and economically efficient securities lending:
• automatic position keeping
• holding and providing market data (e.g. prices)
• fully automated allocation of lender inventory to borrower requests
• transfer of trading data to / receive of feedback from back-office systems via stable state-of-the-art interfaces
• a bunch of standard reports, easily customized
• automatic collateral calculating and reporting based on the newest available market data
• automatic calculation of lending fees
• provision of customer specific risk data
• automatic check of assets for eligibility to serve as collateral
New in LMS 6.6:
• enhancement of the corporate action interface
• redesign of the account interface
• introduction of a process for automatical update of static data
• automation of the billing process by implementation of customer’s business rules
• technical base technology upgrades
The concept phase for LMS 6.7 has already begun, go-live will take place in April 2012.