Inferno offers consolidated P&L, from multiple source systems, which can then be broken down in a number of ways, such as by legal entity or business line. It monitors and allocates cost of carry, providing more accurate analysis at a detailed level. It handles OTC confirmation generation, provides confirmation tracking and together with an interface to DTCC, helps streamline the workflow for fast problem resolution.
For each product type and counterparty combination, Inferno automatically determines the type of confirmation and the required delivery mechanism. For equity and bond trades, Inferno can generate printed trade confirmations, or send confirmations automatically via email or fax to the client. Block and allocation confirmations can be sent via CTM and MT300 confirmations can be sent via the SWIFT network.
For derivative transactions, Inferno provides a fully featured workflow system that allows e-mails and documents to be attached and the final confirmation electronically signed. Statuses from matching systems such as DTCC can also be uploaded.
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 the terms of a CSA and then uses these terms together with the data it already has about positions and cash to calculate collateral calls and to warn when a call is expected. At any time, a user can generate a collateral calculation statement that can then be sent to
the counterparty to make a margin call.
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.