Framesoft Repo & Securities Lending (FRS) · Repo and securities lending
Position keeping, allocation and settlement for collateral trading.
Framesoft Repo & Securities Lending (FRS) is the trading and position-keeping application for collateral trading: allocation, profit and loss, reporting and settlement, with CSA terms still governed in Framesoft Contract Repository (FCR).
Benefits
- Dynamic trade entry against available positions
- Pool-lending allocation and automatic lender substitution
- Collateral calculation and on-demand cover of shortfalls
- Fee calculation, P&L and corporate-action reporting
Collateral is a contract problem
CSA terms live in FCR. Collateral operations should not invent a second interpretation of those terms. FRS runs the trading process on top of that legal record: trade entry with availability, search for securities and counterparties, a configurable allocation system for pool lending, trade and adjustment management, positions and collateral, credit-risk supervision, fee calculation, closing and reporting.
Trades, returns and allocation
Any trade and collateral event can be managed: partial or full return, cancellation, rollover, re-pricing, rate change and lender substitution. Future returns are queued and kept consistent by value date and amount until they are due. Position availability is classified by type, and customer-specific types such as automatically lendable positions can be added. Security prices and counterparty preferences load automatically, and consistency checks run when a trade is finalized. Automatic allocation runs on a configurable interval, opens trades for borrow requests, and straight-through-processes those that meet the rules; the rest become trade suggestions. Lender substitution closes over-allocations by picking lenders from the pool. Collateral can be calculated at any time for a counterparty. If the book is under-collateralized, allocation proposes cover from the borrower’s inventory, and substitution can release pledged assets by swapping them for other securities. Fees are calculated for a trade, a book or the whole book, for a day, month-end or any other period, and can be adjusted to net agreed values. Static data covers counterparties, lending restrictions, securities, corporate actions, currencies, holidays, exchanges and prices. FRS uses data already in the back office and feeds results back.