Middle Office

Inferno is your all-in-one post-trade solution. With Inferno, you can consolidate your P&L with information from many sources, which can then be broken down in different ways. You can generate many types of trade confirmations including OASYS/CTM, MBA, email, fax, PDF, paper and SWIFT: Inferno monitors and allocates cost of carry, giving you a more accurate analysis at a detailed level. Inferno can also generate OTC confirmation, provide confirmation tracking and—together with an interface to DTCC—help streamline your workflows for quick problem resolution.

Modules

Confirmation

For each product type and counterparty combination, Inferno automatically determines the type of confirmation and the proper delivery mechanism. For equity and bond trades, Inferno can generate printed trade confirmations, or send automatic confirmations to the client via email or fax. You can also send block and allocation confirmations via CTM and MT300 confirmations via the SWIFT network.

Inferno has a robust workflow system for derivative transactions, with the ability to attach e-mails and documents, and e-signing abilities for the final confirmation. You can also upload statuses from matching systems such as DTCC.

Cost-of-carry

Inferno automatically calculates the cost-of-carry for your business, based on the adjusted positions in the consolidated P&L, and incorporates this cost into your management reports. These cost-of-carry amounts can then be fed back into the trading systems if required.

Accounting

Inferno gives you a full suite of financial reports in a full double-entry, multi-currency, multi-entity sub-ledger environment. You can automate the bulk of your entries through Inferno’s configurable posting rules, and create manual journals 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. Best of all, the data you need at ANY time is available in REAL time. Inferno’s unique balance calculation engine gives you the flexibility to generate reports at any level,for any combination of input and period date. Full drill down functionality from a balance to the transactions is also a standard feature.

Collateral Management

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.

Find out how Torstone Technology can help you manage all aspects of the post-trade process. Contact one of our specialists today at enquiries@torstonetech.com