Inferno offers a fully featured trade accounting system. The automated end of day processing handles unrealised PnL, daily accrual, fx revaluation and retained earnings. All standard financial reporting is also available including trial balance, security profit and loss, stock record and hundreds of standardised reports. Trade Accounting (including realised P&L) is real time, and there is a Manual Journal screen to allow users to journal items that cannot be created automatically.
Inferno provides a full double-entry, multi-currency, multi-entity sub-ledger environment and generates trial balance, P&L and a full suite of financial reports. Whilst the bulk of entries are automated through configurable posting rules, manual journals can be entered to capture transactions not generated by trades. Inferno’s end-of-day process automatically creates unrealised P&L, accrued interest, reclassification
and FX postings without interrupting the processing of trades. Our unique balance calculation engine allows reports to be generated at any level and for any combination of input and period date. Full drill down functionality from a balance to the transactions is also a standard feature.
P&L Consolidation – Inferno includes the ability to consolidate P&L from multiple front office systems, apply adjustments and generate management reports. It will also calculate the “hands off” P&L required to back-test Historical Value at Risk numbers required for calculating.
Inferno models complex instruments and hierarchical organisations and also contains data on calendars, markets, regions, credit ratings and currencies. Static data received via feeds from the major vendors is cleaned and automatically merged with existing data. Inferno can therefore be used as an organisation’s central data repository and act as the master copy for static data, distributing this information to other systems as required.
Inferno provides transaction reporting to ARMs (Approved Reporting Mechanisms) including Unavista and Abide. Incoming statuses are recorded against the trade that generated the report. Inferno also provides a suite of reports containing the relevant data to satisfy Basel III and other capital and liquidity reporting requirements. There are also several hundred out-of-the-box internal reports to enable Management to analyse and question all aspects of their business.