Leading European supplier of post-trading services went live with new version of Framesoft Repo & SecLending (FRS)
Frankfurt, 20 September 2010: One of Europe's largest clearing houses went live with LMS 6.4, 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 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 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
New in LMS 6.4:
- enhancements to the queueing functionality for future returns
- changed calculation routines in trade reports
- enhancements to the eligibilty check of assets pledged as collateral
- technical FON upgrades
The concept phase for LMS 6.5 has already begun, go-live will take place in May 2011.