Leading European supplier of post-trading services went live with new version of Framesoft Repo & SecLending (FRS)
Frankfurt, 29 April 2013: One of Europe's largest clearing houses went live with LMS 7.1, based on Framesoft Repo & SecLending (FRS)
Since 1999, FRS is in productive use, called "LMS" in the customized version. FRS is based on FON (Framesoft Online Negotiation & Collaboration) providing 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 / receive of feedback from BO system interfaces
- Bunch of standard reports, easily customized
- Auto. collateral calculating & reporting based on newest market data
- Automatic calculation of lending fees
- Provision of customer specific risk data
- Automatic check of assets for eligibiliy to serve as collateral
New in LMS 7.1:
- Enhancement of the multi currency ability
- Go-Live of a new type of collateral report
- Billing details are added to the Monthly Fee Report (configurable)
- Technical FON upgrades
The concept phase for LMS 7.2 has already begun, go-live will take place in November 2013.