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Deutsche BörseLeading European supplier of post-trading services went live with new version of Framesoft Repo & SecLending (FRS)

Frankfurt, 18 Novenber 2013: One of Europe's largest clearing houses, clearstream (Deutsche Börse Group), went live with LMS 7.2, based on Framesoft Repo & SecLending (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 13 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 backoffice 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

Furthermore, LMS is the platform for KAGplus, the fully automated lending system for investment trust companies, offered by clearstream.

New in LMS 7.2:

  • enhancement of the multi currency ability by improving the price and exchange rate interfaces
  • enhancement of customer reporting
  • changes in user right management
  • technical FON upgrades

The concept phase for extensive new features has already begun, go-live will take place next year.