For more information about Luxoft, visit www.luxoft.com www.luxoft.com/financial-services/
case study 13.09.2012
Loan trading support system (LTSS) Summary Develop a workflow engine to support the business processes in loan trading operations.
uu Client: Investment Bank uu Business Area: Market Data and Exchange Connectivity, Multi-Asset Class Trading, Portfolio Management, Credit Risk Management, Regulatory Reporting and Compliance uu Asset Classes: Loans, Equities, Fixed Income, FI Derivatives uu Technology Set: Oracle, J2EE, EJB, Struts, AJAX, SSO, Jasper Reporting uu Integration: LS2, Bloomberg, (through RMDW&SS) uu User Profile: Loan Operations, Legal Operations, Desk Operations, Traders, Sales, Analysts uu Geography: Europe, Asia, USA, Latin America uu Relationships Status: Ongoing ODC, Bi-monthly releases, T&M basis uu Services Provided: Functional Analysis, Development, QA/Testing, Maintenance, Production support uu Team Size: 8 team members uu Duration: Over 4 years (development and support)
Business Challenge To reduce risks and increase the operational efficiency of the loan trading process, the client needed an automated workflow that insured compliance to best practices. The high-level requirements to support all aspects of the trade operations workflow included: uu Visibility to all credit and trade details for the entire loan lifecycle uu Visibility to key performance indicators via an executive dashboard uu Clearly demarcated task ownership and accountability to remove bottlenecks in the process uu E-mail alerts to task owners and counterparties uu Comprehensive executive and operational reporting to facilitate risk management uu Entitlement-based access to trade information to maintain a high level of confidentiality and security uu Design for easy integration to corporate business support systems uu Compatibility with other loan businesses
Luxoft Delivered Solution Luxoftâ€™s development team established best-practice processes for communication and loan trade execution and built the workflow onto a robust enterprise architecture platform. Trade transactions are created, edited, confirmed, canceled, maintained, terminated, and reviewed; and flexible workflows were designed to support multiple types of trade tickets and task checklists, ensuring that changes to the business process flow are easily applied to the system. The new system communicates with other applications via an enterprise bus, allowing the seamless exchange of data. Reconciliation processes ensure data integrity between systems. Comprehensive risk and performance reporting provides the needed analysis information for both long-term strategic and day-to-day tactical operations. An advanced, rule-driven e-mail notification module ensures that all operations are tracked and that each process owner or counterparty is notified about the actions assigned to him or her. Luxoft - Case Study
Luxoft’s Loan Trading Support System (LTSS) is multi-branch capable and manages complex trades worldwide from a single platform. It is currently installed in multiple branches located in Europe, Asia and America. The Luxoft team offers effective solutions to architectural and technical problems, and offers services for on-going system maintenance and improvement.
EXTERNAL BUSINESS DATA SOURCES
LOANS DATA FEED
DISTRESSED CREDITS APPLICATION
EXTERNAL BUSINESS DATA SOURCES
DATA WAREHOUSE & RISK MANAGEMENT
AUTENTICATION & AUTHORIZATION
REPORTING & SCHEDULING TRADE TICKET
Benefits With Luxoft’s technical expertise and advanced business domain knowledge, the client realized the following benefits: uu Significantly improved trade data quality uu Decreased operational costs by increasing the workflow efficiency uu Improved risk management by automating the workflow and providing views of risk and performance across trading desks uu Reduced development and support costs with a flexible, scalable enterprise platform uu Reduced counterparty risks by formalizing counterparty management business processes
Luxoft - Case Study
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Luxoft, a principal subsidiary of IBS Group, is a provider of advanced application and software engineering outsourcing services for global and regional enterprises. Luxoft builds partnerships with its clients, such as Boeing, IBM, Deutsche Bank, UBS, Harman, Avaya, Alstom, and Sabre, based on the culture of engineering excellence, innovation, and deep domain expertise. Luxoft offers international delivery capability through its network of state-of-the-art delivery centers in North America, Eastern Europe, and Asia. Luxoft`s customers benefit from the right mix of technology skills, industry knowledge, proprietary processes and methodologies, and a choice of engagement models. For more information about Luxoft, visit www.luxoft.com www.luxoft.com/financial-services/
ÂŠ 2012 Luxoft