Margin FX

Overview

GBST's Margin FX™ system is a clearing and settlement solution for Margin FX transactions.

Reporting

Margin FX™ possesses strong Client and Management reporting capabilities.

Flexibility

Margin FX™ provides flexible client commission, margin, rollover, holding charge and interest calculations together with flexible account grouping structures.

Features & Benefits

GBST's Margin FX™ system is a clearing and settlement solution for Margin foreign exchange transactions. It offers the following features and benefits:

Flexible Commission and Interest Management

Margin FX™ allows the establishment of an unlimited number of commission schedules defining the standard commission rates chargeable to accounts. Accounts are assigned to a selected commission schedule, therefore, a single change to a commission rate will be applied to all accounts linked to the particular schedule.

Different commission rates may be assigned to each commodity/terms currency combination without limitation, charged as a flat rate, a percentage of deal value or on a points basis and overridden for a particular trade during trade entry.

Margin FX also caters for an unlimited number of interest charging structures whereby interest is paid/received on different cash components or different credit or debit balances. Interest may be posted in the currency it has been calculated or in the account's 'base' currency and Margin FX™ enables multiple interest calculation methods, automatic calculation of resident and non-resident withholding tax, enquiries and reporting functionality.

Customisable Margining

Similar to commission management, Margin FX™ also caters for the creation of an unlimited number of margin schedules specifying margin rates to be used when calculating initial margins. A single change to a margin rate will be applied to all accounts linked to the particular schedule.

Initial margins may be calculated as a percentage of the deal value or at a fixed rate per 100,000 units of currency and the differentiation of spot and option positions means initial margins may be optionally calculated for short option positions.

Margin FX™ allows intra day margining to be run an unlimited number of times throughout the day. In addition, Margin FX™ allows:

• Re-calculation of each account and account group net balance based on current position, current cash and current market rates held within the system
• Intra day financial summary report showing details by currency of current cash, initial margin, unrealised profit & loss, forward value and net balance
• Intra day financial summary views
• Intra day account summary report showing financial details and current open position
• Intra day dealer account summary report showing financial details and current open position of all accounts linked to a dealer

Handles rollovers and holding charges with ease

Margin FX™ caters for rollover rates at various levels, offers unlimited schedules and automatic calculations and filtering options.

Holding charges are efficiently managed through cost-benefit analysis and automatic calculations of payable and receivable currency borrowings.

Margin FX™ also enables:

• Trades of any commodity/terms currency combination
• Effective Option management
• Flexible positions handling, delivery and settlement
• Multiple reporting options and formats
• Reconciliation reports and processes to confirm consistency of data within the database, including End-of-Day processing
• Extensive sorting and grouping capabilities
• Automatic archiving of data
• Input tolerance checks
• Extensive auditing capabilities