Anne

Annexure 9 Functional and Technical Requirement ( UPDATED)

Annexure 9.0 General

Sl No Particulars Readily Available

Configurable To be Customized

Remarks

Business Partner

Classification of type of Entity Readily Available

Entity setup is available in application

Maker Checker Workflow - with clear demarcation for Front/Mid/Back Office

Readily Available

Proposed application comes with a comprehensive workflow with maker checker flexibility

Industry Classification using NIC code as suggested by IRDA as well as should have facility to maintain multiple Industry classification

Readily Available

IRDA Cat Code classification is availableIndustry/Sector etc can also be maintained

Upload facility for Balance Sheet data from Capital line or Prowess

To be Customized

Would be part of deliverable as under current scope of solution and shared commercial.

Capture additional data for IRDA auto classification of IRDA Cat code

Readily Available

Once data is uploaded system will do re classification

Linkages to Group companies to be maintained, promoter groups to be identified distinctly for IRDA classification

Readily Available

Security Master

Maker Checker Readily Available

Capture additional data for IRDA auto classification of IRDA Cat code

Readily Available

History of status changes to be maintained for viewing classification changes like quoted/approved etc

Readily Available

All history & Audit data is also maintained

Additional data to be captured for Project debentures

Readily Available

Capture market information from an outside source and /or manually upload/input the market information such as prices, yields, etc.

Readily Available

Bank Reconciliaton -Manual / Electronic with MT940

To be Customized


Breach in soft limits to be notified toidentiifed person/CIO

Readily Available

The said requirement is covered under the Risk and Compliance definition parameters where the end user can set the Investments limits as per the defined parameters. In.MFund emphasis is given to risk and compliance as today’s fund managers have to make sure that all regulatory as well as internal compliance requirements are met. The application supports setting both Global as well as Specific limits. Details of the same are given below: 1. Investment Regulatory Limits 2. Investment Committee Limits/Client Mandates Along with the limit definition set up a limit enquiry and online compliance monitoring is the part of the standard feature of the product

Price to be captured in 4 decimals minimum

Readily Available

Cancelled deals and trade failures -system to escalate to higher authorities

Readily Available

Facilitate Fair Value accounting

Readily Available

TDS provisions Compliance / Service tax compliance

Configurable More details can be discussed during solution mapping

Custodian Reconciliation -Demat & Physical

Readily Available

Annexure 9.1: Treasury Bills and Bonds/Cash Management Bills



Remarks

1.1 Outright Purchase and Sale in Secondary Market through NDS or PD's

Readily Available

Pricing - Yield based pricing of securities (conversion of yield to price and vice versa)

Readily Available

T- bills - 1/(1+yield)*No of days to maturity/365

Readily Available

1.2 Computation of Brokerage Readily Available

1.3 Features: Different value dates (T+0, T+1, T+2), Pre deal process with validation of IRDA limits, Delegated

Readily Available

Authority Limits. 1.4 NDS-OM interface required To be

Customized Would be part of deliverable as under current scope of solution and shared commercial.

1.5 Inventory valuation using Weighted Average Cost

Readily Available

1.6 Amortization/Accretion of Discounts using Linear Method

Readily Available

1.7 On line calculation of capital gain or loss on outright sale

Readily Available

1.8 Back office: Process for verification (Maker checker) of every deal, viewing of limit breaches if any.

Readily Available

1.9 Accounting: Settlement of payment on settlement date. Redemption/discount on Maturity.

Readily Available

1.1 Reports (T-bills) Readily Available

Deal ticket Readily Available

Deal confirmation letter by print or e-mail to Counterparty, Broker

Readily Available

T. bill portfolio position report - including Investment Date, Maturity Date, purchase cost, purchase yield, current market yield, purchase price, amortized cost, face value, market value, ISIN.

Readily Available

Capital gain /loss report for any given period

Readily Available

Amortization/Accretion of discount report for any given period

Readily Available

Maturity Forecast Readily Available

Cash Flow Report available on-line showing settlement date and maturity date inflows

Readily Available

1.11 Risk Analyzers for Front Office & Mid Office & Back Office

Readily Available

Portfolio Duration & Convexity for individual T-bill or portfolio of T-bill or overall Debt/Fixed Income

Readily Available

Value at Risk (VaR) for individual T-bill or portfolio of T-bill or overall Debt/Fixed Income, with and without

Readily Available

scenario Scenario Analysis -Shift in yield curve on absolute values, Percentage shift, parallel shift and comparative Values with/without shift and PL impact

Readily Available

To be Customized

Scenario analysis is available in Risk Management module to check impact on portfolio from risk perspective. Would be part of deliverable as under current scope of solution and shared commercial.

Performance Measurement of Yield on Tbill Portfolio based on mark to market values using Modified Dietz method, comparison with Benchmark Yield

Readily Available

Configurable TWRR computation using Modified Dietz method is available. Performance measurement is done comparing portfolio returns with that of benchmark return. If any further change is required then the same can be customised

1.12 FIFO method of calculation of profit

Readily Available

Annexure 9.2: Central Govt. Securities, State Development Loans, Other

Approved Securities,

SL No Particulars Readily Available


Remarks

2.1 Outright Purchase and Sale in Secondary Market through NDS or PD's Or Brokers

Readily Available

2.2 Pricing - Yield based pricing of securities (conversion of yield to price and vice versa)

Readily Available

2.3 Computation of Service charge Brokerage etc

Readily Available

2.4 Features: Different value dates (T+0, T+1, T+2), Pre deal process with validation of IRDA limits, Delegated Authority Limits.

Readily Available

2.5 NDS-OM interface required To be Customized

Would be part of deliverable as under current scope of solution and shared commercial. We can provide an option to upload executed file from NDS OM into MFund. Once this is done deals would be bunched and allocated to fund/funds.

2.6 NDS-Auction interface required To be Customized

Would be part of deliverable as under current scope of solution and shared commercial.We can provide an option to upload executed file from NDS OM into MFund. Once this is done deals

would be bunched and allocated to fund/funds

2.7 Interest rate Readily Available

2.8 Fixed and/or variable interest rates

Readily Available

2.9 Interest calculation ( 360/360) Readily Available

2.1 interest accrual -Daily Readily Available


Readily Available

2.12 Capitalization of Transactions cost like CCIL charges optional

Readily Available

2.13 Amortization - daily using Linear Method

Readily Available

2.14 Online calculation of capital gain or loss on outright sale

Readily Available

2.15 Back office: Process for verification of every deal, viewing of limit breaches if any.

Readily Available

2.16 Accounting: Settlement of payment on settlement date. Coupons payment and Maturity redemption.

Readily Available

2.17 Reports Readily Available

2.18 Deal ticket Readily Available

2.19 Deal confirmation letter by print or e-mail to Counterparty, Brokers

Readily Available

2.2 portfolio position report - including Investment Date, Maturity Date, purchase cost, current market yield, purchase price, amortized cost, face value, market value, ISIN.

Readily Available

2.21 Capital Gain / Loss report for any given period

Readily Available

2.22 Amortization report for any given period

Readily Available

2.23 Maturity Forecast Readily Available

2.24 Cash Flow Report available on-line showing settlement date and maturity date

Readily Available

2.25 Coupon Receivable Report for any future period/Coupon received for any period

Readily Available

2.26 Risk Analyzers for Front Office & Mid Office & Back

Readily Available

Office 2.27 Portfolio Duration & Convexity

for individual Security or portfolio of Security or overall Debt/Fixed Income

Readily Available

2.28 Value at Risk (VaR) for individual Security or portfolio of Security or overall Debt/Fixed Income

Readily Available

2.29 Scenario Analysis -Shift in yield curve on absolute values, Percentage shift, paralle shift and comparative Values with/without shift and PL impact

Customisable

2.3 Performance Measurement of Yield on Security Portfolio based on mark to market values using TWRR, comparison with Benchmark Yield - Option to be available for analysis on proforma basis

Readily Available


2.31 Instrument wise ledger Readily Available

2.32 Government securities Revenue schedule

Readily Available


Readily Available

Annexure 9.3: CBLO, CP & CD



Remarks

3.1 Investment/Outright Purchase in Secondary Market

Readily Available

3.2 Pricing - Yield based pricing of securities (conversion of yield to price and vice versa)

Readily Available

3.3 Discount Value- 1/(1+yield)*No of days to maturity/365 or 366

Readily Available

3.4 Computation of Brokerage Readily Available

3.5 Features: Different value dates (T+0, T+1, T+2), Pre deal process with validation of IRDA limits, Delegated Authority Limits.

Readily Available


Readily Available

3.7 CBLO NDS Interface To be Would be part of deliverable as

Customized under current scope of solution and shared commercial.

3.8 Amortization/Accretion of Discount - daily using Linear Method

Readily Available


Readily Available

3.1 Accounting: Settlement of payment on settlement date. Redemption/Discount on Maturity.

Readily Available

3.11 Reports (Money Market) Readily Available

3.12 Deal ticket Readily Available

3.13 Deal confirmation letter by print or e-mail to Counterparty, broker

Readily Available

3.14 Portfolio position report - including Investment Date, Maturity Date, purchase cost, purchase yield, current market yield, purchase price, amortized cost, face value, market value.

Readily Available

3.15 Amortization/Accretion of discount report for any given period

Readily Available

3.16 Security Cash Flow Report available on-line showing settlement date and maturity date

Readily Available

3.17 Risk Analyzers for Front Office & Mid Office & Back Office

Readily Available

3.18 Security Value at Risk (VaR) for individual T- bill or portfolio of T-bill or overall Debt/Fixed Income

Readily Available

3.19 Security Scenario Analysis -Shift in yield curve on absolute values, Percentage shift and comparative Values with/without shift and PL impact

To be Customized

Would be part of deliverable as under current scope of solution and shared commercial.Scenario analysis is available in Risk Management module to check impact on portfolio from risk perspectiveThis would be customised in Fund Management Module -MFund

3.2 Performance Measurement of Yield on MM Portfolio based on mark to market values using Modified Dietz method, comparison with Benchmark

Readily Available

Configurable TWRR computation using Modified Dietz method is available. Performance measurement is done comparing portfolio returns with that of

Yield benchmark return. If any further change is required then the same can be customised

3.21 Yield as on date (CBLO yield day wise)

Readily Available

Annexure 9.4: Debentures /Zero Coupon Bonds / Deep Discount Bonds/ Hybrid Bonds/ Perpetual/ Infrastructure Debt funds {NBFC}/Asset Backed Securities/Mortgage Backed Securities/Security Receipts (Debt) (Convertible/ Non Convertible; Listed/Unlisted; Secured / Unsecured; Taxable/ Taxfree, Floating / fixed rate Bonds)Sl No Particulars Readily

Available Configurable To be

Customized Remarks

4.1 Outright purchase and sale in Secondary Market, All deals should be authorized by the Fund Manager and executed by the Dealer

Readily Available

Interest Calculation / Pricing basis (Actual/Actual, Actual/366, Actual/365)

Readily Available

Facility to create a separate trading portfolio with mark to market (no amortization)

Readily Available

4.2 Primary application should support calculation of interest till allottment and the relevant accountings for application, allotment with interest and refund or allotment money (Direct or through ASBA)

Readily Available

4.3 Computation of Brokerage (if through Broker) on Principal consideration amount (not Face value), Capitalization of Transactions cost - Custodian charges optional

Readily Available

4.4 Features: Value dates (T+0, T+1, T+2), capture broker different from counter party, Calculate Accrued interest. Pre deal process with validation of IRDA limits, Delegated Authority Limits.

Readily Available

4.5 Linear Amortization for book value greater than Face value

Readily Available

4.6 Call and Put Options Readily Available

4.7 Upload facility to update ratings and facility to update history of ratings upto cut-off date

Readily Available

4.8 Interest Rate Readily Available

Fixed and/or variable interest rates

Readily Available

Cap and floor for floating rates Readily Available

Interest calculation (actual/actual, actual/365, Actual/2)

Readily Available

Zero coupon Debentures Readily Available

4.9 Ability to capture details of Convertible Debentures and transfer convertible portion on due date to equity

Readily Available

4.1 Ability to capture details of warrants for conversion to equity at a future date

Readily Available

4.11 Provision to process non-linear installments and make adjustment accordingly.

Readily Available

4.12 Redemption may be at par or premium.

Readily Available

4.13 Accrued interest - Daily Readily Available

4.14 Provide staggered payment for primary market investments with multiple calls.

Readily Available

4.15 Staggered redemption of Principal amount, Call/Put option and interest calculation accordingly

Readily Available

4.16 Maintenance of rating migration history and IRDA codes

Readily Available

4.17 Support shut period calculation-for purchase and sale during shut periods calculate accrued interest on deal and accrual at month end for the same.

Configurable


Readily Available

4.19 Accounting: Settlement of payment on settlement date. Redemption on Maturity.

Readily Available

4.2 Custodian Reconciliation Readily Available

4.21 Calculation and Statement of overdue Installment/ Simple Interest/ Compound Interest/ Liquidation Damages and interest on non creation of security.

To be Customized


4.22 Calculation of Simple interest, To be Would be part of deliverable as

compound interest, liquidated damages, interest on non creation of security and liquidated damages on the installment that have fallen due but not paid.

Customized under current scope of solution and shared commercial.

4.23 Reports - including but not limited to

Readily Available


Deal confirmation letter Readily Available

Portfolio position report - including Investment Date, Maturity Date, purchase cost, Purchase yield, market yield, weighted average yield, purchase price, amortized cost, face value, market value, ISIN, Rating.

Readily Available

Capital gain report for any given period

Readily Available

Amortization report for any given period

Readily Available

Accrued interest report Readily Available

Interest Receivable Readily Available

Maturity Forecast Readily Available

Revenue Schedule (Instrument-wise Ledger /Loan Wise)

Readily Available

Cash Flow Report Readily Available

4.24 Risk Analyzers Readily Available

Value at Risk (VaR) Readily Available

Portfolio Duration & Convexity Readily Available

What if analysis - Scenario Analysis Shift in yield curve on absolute values, Percentage shift, parallel shift and comparative Values with/without shift and PL impact

To be Customized

Would be part of deliverable as under current scope of solution and shared commercial. Scenario analysis is available in Risk Management module to check impact on portfolio from risk perspectiveThis would be customised in Fund Management Module -MFund

Performance Measurement of Yield on MM Portfolio based

Readily Available

Configurable TWRR computation using Modified Dietz method is

on mark to market values using Modified Dietz method, comparison with Benchmark Yield

available. Performance measurement is done comparing portfolio returns with that of benchmark return. If any further change is required then the same can be customised

4.25 NPA Processing Readily Available

Automated Classification of Non Performing Assets on RBI guidelines

Readily Available

Auto Provision for Standard Assets and other NPAs as per RBI/IRDA guidelines

Readily Available

Provision to discontinue income recognition for NPA accounts and reversal if accounted for.

Readily Available

History of NPA creation and updation - Calculation of Interest due not taken to revenue -Interest not recognised in books.

Readily Available

4.26 Online deal creation Readily Available

4.27 Accrued interest calculation should be on daily basis.

Readily Available

4.28 Accretion of discount to be calculated

Readily Available

4.29 Deep discount bonds Readily Available

4.3 Restructuring points as per Loans

Readily Available

4.31 Conversion facility to/from different portfolio like Term loan, preference, Equity, Debentures, etc

Readily Available

4.32 Provision of SHUT Period and Multi Calls / Puts

To be Customized

Would be part of deliverable as under current scope of solution and shared commercial. Shut Period provision can be configured.Multi Call/Put shut period will require minor customisations

4.33 Auto Categorization of Investments as "Approved Investments" and "Other Investments" at security level based on IRDA norms

Configurable

Annexure 9.5: Mutual Fund & VCF/Alternate Investment Funds/Infrastructure Debt funds (MF) / ETF/ Asset Backed Securities/Mortgage Backed Securities/Security Receipts (Mutual Funds)



Remarks

5.1 OTC Purchase and Redemption

Readily Available

5.2 Value date : T+0, T+1 Readily Available

5.3 Inventory valuation - weighted average cost (WAC)

Readily Available

5.4 Mark to market - daily - unrealized gain or loss charge to P&L

Readily Available

5.5 Online Capital gain calculation on sale/redemption of units using weighted average cost

Readily Available


Readily Available

5.7 Accounting: Settlement of payment on settlement date.

Readily Available

5.8 Auto Categorization of MF/VCF/IDF/AIF/ABS/MBS/SR Investments as "Approved Investments" and "Other Investments" at security level based on IRDA norms, VCF would always be under "Other Investments"

Configurable

5.9 Dividend / Profit / Interest Readily Available

Provision for Manual entry of Dividends / Profit / Interest

Readily Available

Capitalization of Dividend and associated accounting (Re-Investment Cases)

Readily Available

5.1 Reports Readily Available


Deal confirmation letter Readily Available

Portfolio position report – name of Fund, no of units, WAC, total cost, market price, market value, mark to market gain or loss, Percentage to total MF/VCF portfolio value, Top Five investments in the portfolio according to invest value

Readily Available

Turnover for individual brokers, (Purchase, Sales & aggregate) with total value and as

Readily Available

percentage of total turnover Daily, weekly, monthly, quarterly analysisCash flow forecast report Readily

Available MF/VCF/IDF/AIF/ABS/MBS/SR - Dividend/Profit/Interest report (received and receivable) - Monthly-wise & stock-wise analysis

Readily Available

Numbers of transactions for given period

Readily Available


Readily Available

5.11 Risk Analyzer Readily Available


What if analysis - Scenario Analysis shift in absolute value or percentage prices

Readily Available

Forecast portfolio position based on hypothetical price

To be Customized


Performance Measurement of Yield on MM Portfolio based on mark to market values using Modified Dietz method, comparison with Benchmark Yield

Readily Available

Configurable TWRR computation using Modified Dietz method is available. Performance measurement is done comparing portfolio returns with that of benchmark return. If any further change can is required then the same be customised

5.12 Online valuation through system based on Yield/ NAV

Readily Available

5.13 Field should be provided to enter NAV

Readily Available

5.14 Accounting of income of VCF as per Form 64 provided by the Funds

To be Customized


Annexure 9.6: FDR



Remarks

6.1 Investment in banks FDR ( and ASBA)

Readily Available

6.2 Features: Different value dates (T+0, T+1), Deal entry with validation of IRDA limits,

Readily Available

Delegated Authority Limits. 6.3 Interest Capitalization Readily

Available 6.4 Back office: Process for

verification of every deal, viewing of limit breaches if any.

Readily Available

6.5 Accounting: Settlement of payment on settlement date. Redemption/Interest on Maturity.

Readily Available

6.6 Interest Accrual -Daily Readily Available

6.7 Reports (Money Market) including but not limited to

Readily Available


Deal Confirmation Readily Available

FDR portfolio position report - including Investment Date, Maturity Date, Interest rate

Readily Available

Available as part of reports

Interest accrued during a period

Readily Available


Cash Flow Report available on-line showing settlement date and maturity date

Readily Available


6.8 Risk Analyzers for Front Office & Mid Office

Readily Available

What if analysis - Scenario Analysis Shift in yield curve on absolute values,Percentage shift, parallel shift and comparative Values with/without shift and PL impact

To be Customized

Would be part of deliverable as under current scope of solution and shared commercial. Scenario analysis is available in Risk Management module to check impact on portfolio from risk perspective.

Performance Measurement of Yield on MM Portfolio based on mark to market values using Modified Dietz method, comparison with Benchmark Yield

Readily Available


6.9 FD classification according to Pvt & public sector bank

Readily Available

Issuer Sector, Industry etc can be captured in respective masters

6.1 Maturity date falls Sunday and Holidays, then alert should be provided

Readily Available

Holiday Master enabled would provide this functionality

6.11 field to enter payment/ receipt details(RTGS/ECS Details)

Readily Available

Fields to capture Intrument Details available

Annexure 9.7: Loans



Remarks

7.1 Provide for accounting various Classes of Loans like Long Term Loan (Direct Term Loan, Project Finance Participation Scheme), Short Term Loan and Bridge Loans, Housing Loans, Loans to HUDCO, State Govt for Housing and Fire Fighting Equipments


We have standard loans module available. We would enhance the same to comply with UIIC requirements. Would be part of deliverable as under current scope of solution and shared commercial.

Classify Loans into Long Term / Short Term Loan, Govt / Non-Govt, Secured / Unsecured, Standard / Sub-Standard, Infra / Non-Infra, Housing / Non-Housing.



7.2 Loan Management right from time of sanction of the proposal to receipt of final outstanding



INBIB Calculation (and report) Configurable To be Customized


7.3 Maintenance of Consortium detail for Term Loans



7.4 Schedule of credit limits and collateral securities



7.5 Computation of Commitment charges


We have standard loans module available. We would enhance the same to comply with UIIC requirements. Would be part of deliverable as under current scope of solution and shared

commercial.Payment of insurance expenses and security expenses



7.6 Calculation of Interest due not taken to revenue -Interest not recognised in books.



Performing account (PA) and NPA filtering facility



7.7 Calculation and Statement of overdue Installment/ Simple Interest/Compound Interest/ Liquidation Damages and interest on non creation of security.



7.8 Calculation of Simple interest, compound interest, liquidated damages, interest on non creation of security and liquidated damages on the installment that have fallen due but not paid.



Conversion facility to/from different portfolio like preference, Equity, Debentures etc



Up-gradation from NPA to PA Configurable To be Customized


7.9 Restructuring Configurable To be Customized

We have standard loans module available. We would enhance the same to comply with UIIC requirements. Would be part of deliverable as under current

scope of solution and shared commercial.

Affecting changes in rate of interest with retrospective effect



Deferment of repayment Configurable To be Customized


Waiver of Liquidated Damages/ Compound Interest/ other interest or dues including waiver of principal



Conversion of Principal/ Interest into new instrument



Funding of interest - as on date funding and period to period funding with non-fund based accounting



One Time Settlement Configurable To be Customized


Historical data on restructuring - Important information fields may be included like : the consortium partners' approval with date, their exposure, Lead institution's approval with date, CDR approval and CDR information to us; Modifications to the



7.1 NPA

Historical data on NPAs when classified as NPA and progress of classification over a period, with various default dates - Original default for interest and redemption and after restructuring.



Automated Classification to NPA as per RBI guidelines and monitoring of Non Performing Assets



Auto Provision for Standard Assets and other NPAs as per RBI/IRDA guidelines



Computation of Outstanding and overdues on performing and non performing assets



History of NPA creation and updation



7.11 Reports including but not limited to



Ledger maintenance Configurable To be Customized


Generation of statement of outstanding in respect of non-performing loans.


We have standard loans module available. We would enhance the same to comply with UIIC requirements. Would be part of deliverable as under current scope of solution and shared

commercial.Generate Demand Notice with up-to-date interest whether charged to account or not



Statement of Account with foot note on interest and charges due but not charged



Accounting of Legal fees Configurable To be Customized


Multiple Restructuring Configurable To be Customized


Prepayment premium Configurable To be Customized


Provision for Floating rates of interest






Annexure 9.8: Equity Shares & Preference Shares



Remarks

8.2 Primary Market Readily Available

Initial Public Offers (IPO) – IPO/FPO/OFS

Readily Available

Modules to cover all types of Initial Offerings, with separate modules for application and allotment

Cover primary market activities of Application & Allotment - Should capable of capturing and generating primary market application money accounting (with or without ASBA). Generating accounting at allotment

Readily Available

Separate modules for Application and allotment and separate accounting for both are available

Support applications with ASBA for IPO/FPO

Readily Available

Provide staggered payment for primary market investments with multiple calls and the accounting for the same.

Readily Available

8.2 Secondary Market – exchange traded

Readily Available

Modules for capturing Secondary trades available

2 step Pre-Deal mandate for outright Purchase / sale. All deals should be authorized by the Fund Manager and executed by the Dealer

Readily Available

Workflow defined from FM to Dealer exercution to Mid office confirmation to Back office accounting available

Equity deals forwarded by dealer are to be matched with the data of executed deals received from the brokers through Straight Through Process (STP) with auto deal creation

Readily Available

STP processing with trade matching as well as custodian instructions generation available

In equity BO should generate the files to be sent to custodian for settlement without any manual intervention.

Readily Available

The custodian files for STP interface are available. The other custodian files are available as reports

Computation of Brokerage – fixed and negotiable on market value

Readily Available

Brokerage fees computation of fixed percentage defined in the master is available. Also option to edit the brokerages in case of negotiated brokerage

Custodian fee on periodic basis

Readily Available

Custodian Fees accounting on periodic basis on asset types held by custodian ia available

Value date (T+2) (provision of Holidays)

Readily Available

T+N trade accounting based on exchanges and segments can be defined, and option to change the same on a case to case in the trade module itseld

Facility to create a separate trading portfolio with mark to market (no amortization)

Readily Available

Valuation parameters can be defined scheme wise also and hence separate valuation policies for different schemes can be followed

8.3 Secondary Market open offer for sale and buyback (without STP), blocking of units which has been offered

Readily Available

Secondary market trades without STP can also be handled, and blocking of units also is handled

8.4 Inventory valuation - weighted average cost (WAC)

Readily Available

Valuation policies can be handled on scheme/Asset type/ or security

8.5 Capitalization of Transactions cost like brokerage STT etc

Readily Available

Can be handled using defining various types of trade transaction types which might require capitalisation of charges and which might not required capitalisation.

8.6 Mark to market - daily - unrealized gain or loss charge should not be charged to P & L a /c

Readily Available

MTM gain or loss can be made to be charged or not charged to P&L as per user settings

8.7 Auto Categorization of Investments as "Approved Investments" and "Other Investments" at security level based on dividend history and IRDA guidelines - Auto classification as "Active" and "Thin"

Configurable

8.8 Custodian Reconciliation -Demat & Physical

Readily Available

Custodian Reconciliation with Back Office System units are available

8.9 Write-off and Write back for impaired assets

Readily Available

8.1 Maintain List of Active Brokers in the panel

Readily Available

Broker Master Available

8.11 Dividend Readily Available

Upload of Data from Capital on-line or Bilav for dividend

Readily Available

Upload of Bilav files for corporate Actions available including Dividend, Splits, Bonus and Rights

Calculation of dividend amount based on no of shares on ex-

Readily Available

Automated process in the EOD which passes accounting entries

dividend date on the Ex dateMaintain information such as ex-date, Payment date etc. and give reports of due during a period

Readily Available

Corporate Actions reports are available in reports section

8.12 Bonus Readily Available

Upload of Data from Capital on-line or Bilav for Bonus

Readily Available

Upload of Bilav files for corporate Actions available including Dividend, Splits, Bonus and Rights

Ex date ,Calculation of no of bonus share entitle based on ratio given with appropriate rounding and cash entitlement fo rounding

Readily Available

Automated process in the EOD which passes necessary investment entries for Bonus

Automatic Change the WAC according new no of shares

Readily Available

Taken Care

Fractional entitlements - Rounding off the fractional part based on the predetermined criteria

Readily Available

Option for Rounding off, Rounding up and Rounding down is available

8.13 Rights Readily Available

Allotment date, XR date, Rights trading Date, Date of Renunciation, Payment Date

Readily Available

Trading of rights - purchase and sale

Readily Available

WAC calculation after exercising the rights

Readily Available

Expire of rights Readily Available

Calculate rights entitlement and generate rights and assign book value to the rights

Readily Available

8.14 Warrants Readily Available

Calculation of no of warrants entitled

Readily Available

Purchase and sale of warrants Readily Available

Exercise of warrants and calculation of new WAC of share

Readily Available

8.15 Stock splits/ Reverse stock splits/ Conversion

Readily Available

Upload of Data from Capital on-line or Bilav for splits

Readily Available

Fractional entitlements - Rounding off the fractional part based on the predetermined criteria

Readily Available

8.16 Other Corporate Action like merger/demerger

Readily Available

Corporate Actions like Dividend, Bonus, Split, Reverse Split/Consolidation, Conversion, Merger, Demerger, Rights are all handled

8.17 Benchmarking equity returns with BSE100 or NIFTY

Configurable

8.18 Risk Analyzer Readily Available


Delta/Gamma Customisable Can be discussed.

What if analysis - Scenario Analysis Shift in Index or security prices on absolute values,Percentage shift, parallel shift and comparative Values with/without shift and PL impact

To be Customized

Scenario analysis is available in Risk Management module to check impact on portfolio from risk perspective. Would be part of deliverable as under current scope of solution and shared commercial.

Forecast portfolio position based on hypothetical price

To be Customized


Performance Measurement of Yield on Equity Portfolio based on mark to market values using Modified Dietz method, comparison with Benchmark Yield

Readily Available


8.19 Reports including but not limited to

Readily Available


Deal confirmation letter - Readily Available

Portfolio position report - name of stock, no of shares, WAC, total cost, market price, market value, mark to market gain or loss, Top Five investments in the portfolio according to invest value

Readily Available

Exposure limit report - sector, group and company wise

Readily Available

Brokers /Dealers reports - report need to include the following:

Readily Available

Stock wise brokerage fees Readily Available

Turnover for individual brokers, (Purchase, Sales & aggregate) with total value

Readily Available

and as percentage of total turnover Daily, weekly, monthly, quarterly analysis Cash flow forecast report Readily

Available Exposure limit report - Single share Limit, Sector Exposure Limit, Group wise Exposure

Readily Available

Dividend report (received and receivable)- Monthly

Readily Available

8.2 OFS (Type of acquisition) Route marking option

Customisable Can be discussed.

8.21 option to convert equity to/from other Portfolios like preference , TL, ETC

Readily Available

8.22 Option to create Future & option in system

Readily Available

All kinds of Index and Stock Derivatives can be created and traded in the system

8.23 marking of high beta/ low beta stock through online

To be Customized


8.24 Monthly Planner/ Daily planner - Variance analysis

To be Customized


8.25 Market Operations Committee- Authority, Limit incorporation

Readily Available

8.26 Mark to market linking with external agency like Newswire

Readily Available

Direct Linkage not available, however uploads are available


Readily Available

8.28 Active/Thin; Approved/Unapproved; DP/NDP classification

Readily Available

8.29 Provision for SLB (Stock Lending & Borrowing)

Readily Available

8.3 Preference shares - NPA, restructuring, conversion -Provision to be made as stated under Loans & debentures

To be Customized


Annexure 9.9: Risk Management



Remarks

9.1 Define yield curve based on FIMMDA yield curve, and additional yield curve with spreads for other than Govt securities

To be Customized


9.2 Define the following indices, SENSEX, NIFTY (BSE 100 optional)

Readily Available

Any stock exchanges including NSE,BSE indices can be created in exchange master and can be linked to various asset types.

9.3 Provide for capture of market data for atleast one year prior to the cut-off date for implementation

Readily Available

9.4 Calculate Macaulay Duration, Modified duration, Convexity, Basis Point Value (BPV) or Price Value of a Basis Point (PVBP) and Value at Risk for the portfolio as well as individual position

Readily Available

The system provides both Macaulay and Modified duration analysis for the entire book of the bank/ financial institution. The system also allows the calculation of convexity and impact of the same on market value of an instrument for change in interest rate.

9.5 Support for on-line Portfolio revaluation with facility to reflect the current status irrespective of valuation as per accounting standards

Readily Available

MTM is performed in Kastle™ Risk Management system. The same is the part of the VaR report wich is available in the system. The report can be viewd portfolio wise and also has the drilldown facility available.

9.6 Provide for generating scenario analysis based on market conditions like change in equity prices fall by predefined percentage across the board, change in yield curve using parallel shift or user defined scenario and measaure impact on P&L, durat

Readily Available

Kastle™ Risk Management scenario analysis is a qualitative testing technique, which allows users to define scenarios by entering the rates for the various market risk variables. Rates for the scenarios can be either entered directly or derived from existing market rate by defining some stress equations or by providing spreads to alter existing rates downwards or upwards

9.7 Calculation of Present Value/Yields of the Cash Flows of the instruments.

Readily Available

Present value of the cash flows are calculated based on the zero coupon yield curve (ZCYC).

9.8 Benchmark the equity portfolio with sensex/NIFTY/BSE100 and measure the returns and compare with the benchmark returns

Readily Available

Rate of Return wrt market is calculated

9.9 Benchmark the Debt/Fixed Income portfolio with gsec yield curve and appropriate spread and measure the returns and compare with the benchmarks

Readily Available

We value the portfolio using the gsec yield and spread. The same is available on the report level, which can then be used to compare with the respective benchmarks by the user.

9.1 Calculate risk adjusted returns like Treynor Ratio, Sharpe Ratio etc

Configurable Risk adjusted returns like Treynor, Sharpe, Information ratio, Sortino etc are available in some client versions. Same can be configured for UIIC also

9.11 All Standard Reports to be made available

Readily Available

Standard VaR Reports for Market Risk are available

9.12 Configure Results database for risk and returns


9.13 Key figures like Macaulay Duration, Modified Duration, Convexity, Basis Point Value (BPV) or Price Value of a Basis Point (PVBP), Value at Risk And Returns using modified Dietz method, Treynor Ratio, Sharpe Ratio etc should be scheduled to be stored in the results database for backtesting at future point of time.

Readily Available

9.14 Maintenance of Online Hard limits and Soft limits for Investment Pattern

Readily Available

Limits both hard and soft can be defined under the limit master in the system for each security.

9.15 Exceptional Log generated for soft breaches

Readily Available

System generates alerts during soft bearch but gives an option for the user to proceed.

9.16 Maintenance of Hard limits and Soft limits for Exposure Master

Readily Available

9.17 IRDA Category Code generation should be parameter driven and not manual input

Readily Available

IRDA Cat Code is generated as per the defined parameters in the system.

9.18 Delegated Authority & Internal Policy report specify if required

Readily Available

The system will have a separate login for admin who would have the rights for the system.

Annexure 9.10: IRDA and MIS Reporting



Remarks

10.1 Cash Management System to provide the funds available for Investment considering the settlement obligations and subscription and redemption of units etc

Readily Available

10.2 Receivable and payable reports over due receipts

Readily Available

10.3 Performance Evaluation of the Portfolio on a periodic and ad-hoc basis

Readily Available

10.4 Total portfolio position report for any given date

Readily Available

10.5 Calculation of Interest for Overdues like CI, Penal Interest , Liquidated Damages

To be Customized


10.6 IRDA Form 1 - Statement of Investment and Income on

Readily Available

Investment with additional detailed report for reconciliation

10.7 IRDA Form 2 (Part A, B, C) Statement of Downgraded Investments, Details of Rated Instruments with additional detailed report for reconciliation

Readily Available

10.8 IRDA Form 3B (Part A & B) Statement of Investment Assets

Readily Available

10.9 IRDA Form 4 A (Part A, B,C, D ) Exposure / Prudential and other Investment Norms Investee Company, Group, Promoter Group,Non Promoter Group, Industry Sector with additional detailed report for reconciliation

Readily Available

10.1 IRDA Form 5 with additional detailed report for reconciliation

Readily Available

10.11 Statement of Investment Reconciliation 5A

Readily Available

10.12 IRDA Form 6 (Form 6A being Annexure to Form 6)

Readily Available

10.13 IRDA Form 7 Statement of Non- Performing Assets with additional detailed report for reconciliation

Readily Available

10.14 NL-28 Statement of Assets Configurable

10.15 NL-36 Yield On Investments Configurable

10.16 NL-37 Statement of downgraded Investments

Configurable

10.17 Schedule 8 Readily Available

10.18 Schedule 9 and all other schedules prepared at the end of Month/quarter/year

Readily Available

10.19 IRDA On-line Investment Pattern Report

Readily Available

10.2 On-line Exposure limit reports for Group, Industry, Company

Readily Available

10.21 IRDA Category Code Classification wise outstanding report as on date

Readily Available

10.22 Cash flow report indicating funds usage during a financial year

Readily Available

10.23 MIS on MF income on FIFO basis

Configurable

10.24 Automatic uploading of IRDA Returns to IRDA (BAP)

Configurable

10.25 NL-29 - Details Regarding Debt Securities

Configurable

10.26 NL-35 - Statement on Non- Performing Assets

Configurable

10.27 NL 31 - Related Party Disclosure

Configurable

10.28 Capital Market Exposure - Monthly Return

Configurable

10.29 Network analysis of RBI - BP wise holding (Pattern)

Configurable

10.3 Form 4 (Part A) - Calculation Readily Available

10.31 DSS-Decision Support System Calculation of YTM,YTC,YTP,YT worst/best, zero coupon /STRIPS/floating rate bonds/MIBOR linked investments etc. Black Scholes model Scenario Analysis Calculation of Greeks for equity option

Partially Available

Can be discussed

10.32 Accounting of Portfolio on Policyholders funds Shareholders funds

Readily Available

Annexure 9.11: Derivatives



Remarks

11.1 Provision for capturing the data relating to Interest Rate Swaps, Interest Rate Futures, credit default swaps, options and futures (when allowed by the regulator)

Readily Available

Except for CDS

11.2 Accounting entries as per regulatory requirements

Readily Available

11.3 Generation of deal slips Readily Available

11.4 Capturing the details of the derivatives in the case of the IRS on the notional principal

Readily Available

Complete Flow of IRS is available

11.5 Calculation of premium on CDS on the notional principal.

Not Available

11.6 Risk Management framework for derivatives as prescribed by regulators/ or capturing

Readily Available

internal risk management framework.

Annexure 9.12: Securities Borrowing and Lending Mechanism

(SLBS)Sl No Particulars Readily

Available Configurable To be

Customized Remarks

12.1 Computation of lending fee as percentage or as a percentage on the market value of stock lent.

Readily Available

12.2 Computation of authorized participants fee

Readily Available

12.3 Computation of custodian fee at each leg of the transaction with min max limits.

Readily Available

12.4 Provision for movement of stock to and fro in the holdings database

Readily Available

12.5 Provision for capturing the income in the accounting segment

Readily Available

12.6 Alerts for not exceeding the limits - both regulatory as well as internal limits if any for each instrument

Readily Available

12.7 Generation of Deal Slips Readily Available

12.8 Generation of Periodic Statements

Readily Available

Annexure 9.13: Asset Liability Management (ALM)



Remarks

13.1 Classification of portfolio on the basis of Macaulay duration under different time buckets

Readily Available

Kastle™ Asset Liability Management provides both Macaulay and Modified duration analysis for the entire book of the bank/ financial institution. Duration gaps statement highlight bucket-wise comparison of market value, present value and duration of institution’s assets and liabilities.

13.2 Whether the same could be prepared on line of businesswise

Readily Available

The provision to provide same division wise is available in the system.

13.3 Whether there is provision to provide the time bucket information for liabilities and assets so that the same can be

Readily Available

Kastle™ Asset Liability Management allows complete flexibility in defining the number and sizes of time buckets. There

classified under various time buckets

is no cap on the number of time buckets and user can change as and when required. It provides separate maturity time bucket for liquidity and interest rate sensitivity analysis.

13.4 Preparation of Net cash flow statement on the above basis

Readily Available

Net Cash Flow statement is available

13.5 Preparation of the net cash flow under various scenarios as provided under the regulations - reduction /increase in interest rates, new business, equity valuation

Readily Available

Kastle™ Asset Liability Management provides earnings at risk (EaR) analysis in the form of rate shock analysis. It facilitates user to create different interest rate scenarios to evaluate its impact on interest income, interest expense and net interest income.

Annexure 9.14: Reverse Repo



Remarks

14.1 1.Securities should not be part of holding.

Readily Available

Repo securities do not form the part of the normal portfolio

2.Accrued interest calculation. Readily Available

Repo interest calculation is done in a separate account

3.Deal slip . Readily Available

Repor Deal Slips are available

4.Settlement. Readily Available

manual as well as Auto Repo Withdrawal is available

5. In case of Default in settlement, auto conversion of Security into relevant Portfolio on the date of default and not the Original trade.

Configurable

6. Valuation Readily Available

Annexure 9.15:Mid Office - Position Tracking and Limit Management



Remarks

15.1 Monitoring of limits such as: Counter party limits

Readily Available

Issuer limits (Equity vs Debt) Readily Available

Dealer limits Readily Available

Broker limits Readily Available

Scrip wise limits Readily Available

Internal limits Readily Available

Rating limits (Min and Max) Readily Available

Instrument wise limits Readily Available

Stop loss limits Readily Available

Take profit limits Readily Available

Group / Promoter Group limit Readily Available

Industry Limit etc Readily Available

Annexure 9.16: Accounting Records



Remarks

16.1 Generation of Cash-Book/sub- ledgers/General ledger/Trial Balance/ Balance Sheet /Profit & Loss account etc

Readily Available

Ledgers, TB, P&L statement, Balance sheets, all are available as Financial reports

Securities Ledger Readily Available

Available as Reports. Also Available as enquiries

Profitability reports Readily Available

Available as Reports

Position reports Readily Available


Funds position Readily Available


Exception reports Readily Available


Exposure reports Readily Available


Cash flow under Direct method Readily Available


Funds flow statement (Future Cash Flow)

Readily Available


Holding Statements (Total and Portfolio wise)

Readily Available


Instrument wise ledgers Readily Available


BP-wise Holding Readily Available


User defined reports Configurable We are prosposing a 3rd party report writing tool with which can link with any 3d party report

builder where we can provide layered data access for generating new reports

IRDA Reports / MIS / Schedules

Readily Available


Failed Deals etc Readily Available


And all other normal accounting records

Readily Available


Annexure 9.17: Technical Requirements



Remarks

1 Integration Application Requirements

1.1 Ability to Integrate to Support Online , Real Time and Batch Operations

Readily Available

1.2 Integrators Support for scheduling and defining of jobs

Readily Available

1.3 Application should handle automatic switch over in cluster environment

Readily Available

2 Database Requirements

2.1 Ability to patch management / up gradation of database

Readily Available

Database patch upgradation has to be taken care by customer IT /DBA team.

2.2 Ability to support for pooling multiple database connections when the load on the application increases

Customisable Can be discussed

2.3 Ability of the database to support clustering. Indicate the number of clusters that can be configured .

Readily Available


2.4 Ability to support online replication

Readily Available


2.5 Ability to implement SANS for data storage in the architecture

Readily Available


3 Hardware and Operating Systems

3.1 The Operating System should support Dual Stack Mode (IVP4 and IVP6)

Readily Available

3.2 Hardware Parameters (like CPU, Memory, Hard disk ) should not cross the 70% utilization levels at any point in time.

Readily Available

3.3 Should be able to support different Protocols (TP/IP, IPX etc)

Available TCP/IP supported. Can be discussed.

3.4 Antivirus software should be installed on DC,DR sites and updated on regular basis

Readily Available

3.5 Implement patches /upgrades on all software ,firmware

Readily Available

3.6 Hardware equipments should be scalable to support increased requirements of the Solution

Readily Available

3.7 Hardware should have built in redundancy features such as Dual Power Supply ,Dual NIC , RAID etc

Readily Available

3.8 Hardware should have efficient hardware monitoring and diagnostic functions

Readily Available

3.9 Hardware should be RACK optimized

Readily Available

3.1 The server should be horizontal and vertical scalable

Readily Available

3.11 The Hardware components should be hot swapable

Readily Available

4 Backup and Recovery

4.1 The backup success rate should be 99.99% at all times for the Integrated Treasury Solution

Readily Available

4.2 Should be capable of automating the backup process for all the applications /database in the Primary and Disaster Site

Readily Available

Customer has to define the DR Startgey accordingly

4.3 Disaster recovery site to be up and running 24*7 and should support online replication

Readily Available

Customer has to define the DR Startgey accordingly

4.4 Reliable integrity verification functionality for backups

Readily Available

4.5 The solution should be compatible with all types of backup devices

Readily Available

4.6 The solution should support all backup application soft wares

Readily Available

4.7 Should support IP Protocols Readily Available

4.8 Application should recover and become fully within Recovery Time Objective (RTO) - 4 Hours Recovery Point Objective (RPO) - 2 Hours

Readily Available

Depends the recovery statergy that customer implement

5 Availability Parameters

5.1 Should support load balancing in terms of systems parameters (CPU, Hard disk, Memory etc)

Readily Available

5.2 Hardware should be available 24*7

Readily Available

5.3 Network should be available 24*7

Readily Available

6 Interfaces

6.1 The system should be able to interface with the following, online and seamlessly without keeping any transaction pending for processing

Readily Available

6.2 The solution should interface seamlessly with individual modules and provide straight through processing. Data should flow from front office, mid office and back office and selected data should flow in the reverse direction.

Readily Available

6.3 The system should seamlessly integrate with UIIC\s Centralized Accounting System. Without manual intervention

Readily Available

6.4 The system should provide interface capabilities for RTGS/NEFT, and other treasury applications

Customisabel Can be discussed.

6.5 System should be able to import rates ,deals and/or prices and rating from independent price providers

Partial At Present,we support maula upload if automation required,it will be customisation and asumpation that UIC as

like COGENCIS/Bloomberg, NEWSWIRE,Ticker, FIMMDA, SHCIL, CRISIL, Capital Line, BSE, NSE, HDFC Bank, MCX NDS,NDS- OM,AMFI, STP,CCIL-CBLO etc ( web based applications )

subscription to relevant system for the price feed and API is available

6.6 The system should provide interface with third party service providers for example SEBI mandated STP for equity market.

Readily Available

6.7 The system should provide interface for the generation of requisite data from treasury database to other application/ processes (ASCII fixed length/delimited variable length record format, CSV format, Excel format etc) for other process like ALM etc.


6.8 Live data on rate etc should be provided on screen only

Readily Available

6.9 Drill down on interface record should be available to see error description

Partial Drill down is not available. Can be incorporated

6.1 Provide support to ISO 8583, XML, WAP, SMS etc standard messaging protocols for interfacing


6.11 The system should have the ability to rollback a transactions to a particular stage and restart , if required.

Partial New record will be created

6.12 Provide ability to define business rules for validation and translation of incoming messages


6.13 The application should have the ability to support Microsoft Internet Explorer/Netscape and other such browsers ( all latest versions)

Readily Available

Fornt Office Application

6.14 Interface with voice logger to record deals entered by dealers


7 Web Server

7.1 The application should have the ability to support Apache, Netscape enterprise, Commerce server, Microsoft IIS, IBM Web sphere etc as

Partial Only we have MS IIS

Web servers 7.2 The Web Server should have

the capability of writing to multiple logs

Readily Available

7.3 Server should have the capability to support Virtual servers

Readily Available

FOS will support

7.4 Should support network monitoring agents like SNMP agent etc

Readily Available

7.5 Should be able to support integrated certificate server, SSL with 128 bit encryption mechanism or more.

Readily Available

7.6 Should be able to install ob windows platforms ,UNIX flavors etc (Operating Systems)

Partial Windows supported.

7.7 Should be hardened to disable unnecessary features and plug known security vulnerabilities

Readily Available

8 Application Servers

8.1 The application should be able to support HTML,DHTML etc (markup Language)

Readily Available

8.2 The application should be able to support server side languages like ASP,JSP, Personal Home Page, Cold Fusion Markup Language (CFML), Common Gate Way Interface (CGL) etc

Readily Available

8.3 Client side scripting / programming languages like JAVA scripts, VB scripts, JAVA applets , Active X etc should be supported

Readily Available

8.4 The application should support the application layer technologies like JAVA, C++, Netscape server applications process interface, internet server application process interface etc should be supported

Partial Jave Script and Netscape Server

8.5 Database connectivity support should at a minimum be ODBC, JDBC etc

Readily Available

8.6 Support standard queuing engines like IBM MQ, MS MQ etc


8.7 The system should provide interface to standard fire walls (application proxy , stateful inspection and mix of both)

Readily Available

FOS application is available

9 External Interfacing

9.1 File formats supported for message based integration (XML, Text, flat file etc)

Readily Available

9.2 Message formats supported by application (ISCO 8583 etc).


9.3 Integration with a Messaging Middleware like MQ Series, MS MQ, XML, etc.


9.4 Support for standard component frameworks (COM/DCOM/COM+, COBRA etc.)

Readily Available

10 Audit Trail

10.1 The system should provide comprehensive audit trail features such as:

Readily Available

10.2 Daily activities log are merged into the history log files

Readily Available

10.3 Date, time and user-stamped transaction list are generated for different transactions

Readily Available

10.4 Transaction screens display system information including Processing Date, Current Time, Current User

Readily Available

10.5 Daily activity reports are provided to highlight all the transaction being processed during the day

Readily Available

10.6 Support for recording of unsuccessful attempts to login to the system

Readily Available

10.7 System to provide Session log files. The user should be able to analyze the information (Account Id, Session Time, etc.)

Readily Available

10.8 System should provide tracking of Client\s IP and Network Interface Address

Readily Available

10.9 The application should facilitate definition of user defined log files for tracking

Readily Available

Sessions. 10.1 Preservation of Historical data

for all Masters and transactions

Readily Available

10.11 Maintenance of rating migrating history and IRDA codes

Readily Available

10.12 System should have an audit trial file management capability

Readily Available

10.13 Exception in reporting in case of any modified data

Readily Available

10.14 The system should have ability to generate a detailed audit trial on a daily basis for the following minimum features:

Readily Available

10.15 Attempted unauthorized login Readily Available

10.16 Time of Login & Logout Readily Available

10.17 All transaction should be Time Stamped with user id along with details of modification, if any

Readily Available

10.18 Details of database accessed and modified by the users

Readily Available

10.19 The system should have the ability to store and track all system events, including corrections and cancellation by multiple criteria

Readily Available

10.2 The system should allow deal amendments only after creating an audit trial

Readily Available

10.21 Auto Logout : The system should be able to logout users on user defined idle time

Readily Available

11 Input / Output

11.1 Link from excel and other applications

Readily Available

11.2 Export of reports and inquiries into different formats like Word, Excel, Pdf, Text & CSV etc.

Readily Available

12 ACCESSABILITY, AVAILABLITY AND TOOLS

12.1 System Availability Readily Available

It is dependon on the User module setup.

12.1.1 The system should allow for transaction entry, viewing of

Readily Available

positions and MIS reports 12.1.2 The system should be able to

process and report on data in an online real time mode

Readily Available

12.2 Maintenance of Trade History Readily Available

12.2.1 The system should able to maintain online history of trade information of all trades including trade information on IRDA approved and unapproved .

Readily Available

12.2.2 All trades migrated from legacy systems to the new one should also be maintained

Readily Available

12.3 CONCURRENT USE : The system should able to support simultaneous use of the system by multiple users without significant performance and integrity issues

Readily Available

12.4 Scalability : The system should be able to increase or decrease processing resources as business condition dictates, without the necessity of prewriting the codes or undertaking other major efforts

Readily Available

12.5 User Interface : The system should be able to provide use friendly design shortcut, smart tags and other productivity features

Readily Available

12.6 Data Archiving : Readily Available

Internal DBA team has to take care about the Oracle Server side

12.6.1 The system should be able to archive transaction database records to prevent long term speed concerns. Archive data should always be available in the system to stop the user at all point of time should be able to cross to access and print archive data

Readily Available


12.6.2 System should support archiving of data that are beyond a specified time horizon. This should be parameterizable

Readily Available


12.6.3 Export of data to secondary storage device should be supported by the system

Readily Available


12.6.4 The system should support data retrieval - from the specified archives. The archival and retrieval program should facilitate easier analysis of old data.

Readily Available


12.7 Documentations: Readily Available

12.7.1 The system should be able to provide intuitive and current online documentations covering scope of the application.

Readily Available

12.7.2 The system should have the ability to provide intuitive and current user manuals.

Readily Available

12.7.3 Online support for the applications and updated user manuals should also be provided from time to time.

Readily Available

12.8 View from the System Readily Available

12.8.1 The system should allow for viewing of all data from the system which includes:

Readily Available

12.8.2 Trade details Readily Available

12.8.3 Static data(Masters) Readily Available

12.8.4 Mark to Market Values Readily Available

12.8.5 Accounting Entries Readily Available

12.8.6 Current market information : Equity and Bond Rates/values

Readily Available

12.8.7 Historical market information : Equity and Bond Rates/values

Readily Available

13 System Security & System Administration

13.1 System Security Features : Readily Available

13.1.1 System should provide for unique identity for each user

Readily Available

13.1.2 The system should enable profiling of users and definition of control level and passwords

Readily Available

13.1.3 The system should enable creation of different access groups with different access control. User may belong to multiple groups

Readily Available

13.1.4 The system should not allow deletion any user id.

Readily Available

13.1.5 Log on to the systems should require users to provide unique user identity and form a personal identification . Example :Password

Readily Available

13.1.6 Standard Password Management features should include :

Readily Available

13.1.7 UIIC defined password expiry period

Readily Available

13.1.8 Password encryption Readily Available

13.1.9 Automatic user disabling after three successive erroneous tries

Readily Available

13.1.10 Automatic user time out on inactivity for a predefined time duration

Readily Available

13.1.11 System administration should provide for creation, deletion and modifications of users, agreed users and assigning data access/modification rights of various user groups

Readily Available

13.1.12 Access only to designated users and user setup should be centrally controlled through a specific administration modules

Readily Available

13.1.13 Auto log out users on user defined idle time

Readily Available

13.1.14 Maker Checkers concept for all types of transactions

Readily Available

13.1.15 Generation of detailed audit trails with the following minimum features:

Readily Available

13.1.16 List of all users logged on to the system

Readily Available

13.1.17 List of attempted unauthorized logins

Readily Available

13.1.18 Details of the data base access and modified by the users

Readily Available

13.1.19 Generation of daily audit trails Readily Available

13.1.20 Provide adequate back-up and recovery features

Readily Available

13.1.21 Database looking features in the situation that there are multiple assessors and updates on the same records

Readily Available

13.1.22 After each unsuccessful log-in attempt, the waiting time until the next log-in prompt should increase.

Readily Available

13.2 Database Security Readily Available

13.2.1 The system should allow users to be controlled (creation, activation, deactivation, deletion etc) by a specific administrator

Readily Available

13.2.2 The system should permit access only through password verifications and user Ids should be unique.

Readily Available

13.2.3 Addition of features should be allowed only through a properly revised upgrades and data migration methods

Readily Available

13.2.4 The system should have the ability to provide or restrict access privileges based upon hierarchy and multiple criteria

Readily Available

13.2.5 The system should provide role based modular access for front, middle and back office that can be customized.

Readily Available

13.2.6 The system should allow setting of each user profile without any hard coding.

Readily Available

13.2.7 All databases should have data locking features in the situation that there are multiple access and updates on the same records.

Readily Available

13.3 Password Management Readily Available

13.3.1 The system should have the ability to force password changes every user define period

Readily Available

13.3.2 The system should ensure that the passwords are combination of alpha- numeric and special characters

Readily Available

13.3.3 The system should disable user access after three failed login attempts. Access can be provided again by the System Administrator

Readily Available

13.3.4 The system should allow user access only through screens

Readily Available

13.3.5 No access should be allowed at database level to users

Readily Available

13.3.6 The system should be able to facilitate operational security and be able to restrict access through password at:

Readily Available

13.3.7 System level Readily Available

13.3.8 Application level Readily Available

13.3.9 Product Level Readily Available

13.3.10 The system should be able to classify authorization by means of trading rights

Readily Available

13.3.11 The system should be able to facilitate defining authorization levels

Readily Available

13.3.12 The system should be able to restrict back office uses from front office privileges based on user profile

Readily Available

13.3.13 The system should be able to restrict front office users from back office privileges based on user profile

Readily Available

14 Segregation of Duties

14.1 The duties of system administrators, security administrators, user groups should be clearly segregated

Readily Available

14.2 At different level of deals, different dealers are to be involved i.e., the dealer who booked should not be the verifier

Readily Available

14.3 Administration of the system should be checked by the Tech audit

Readily Available

15 Period end Accounting EntriesThe system should have the ability to calculate interest accruals

Readily Available

The system should be able to map accounting events to general ledger accounts based on deal parameters

Readily Available

16 Reports

16.1 Mandatory/Regulatory reports Readily Available

16.1.1 Existing reports and existing formats of all MIS reports should be supported by the system with provision for New reports introduced

Readily Available

16.1.2 Trader Workstation should have the ability to provide filtering criteria where necessary

Readily Available

16.1.3 Exception and breach reports should be generated as and when the breach occurs.

Readily Available

16.1.4 Generation of General Ledger balance & Balance Sheet

Readily Available

16.2 Report Customization

16.2.1 The system should be able to generate reports based on all available data.

Readily Available

16.2.2 Flexible report Builder for generating simple reports .The system should have a report writing wizard that provide users with step by step menus and allow them to draw up simple reports.

Configurable We are prosposing a 3rd party report writing tool with which can link with any 3d party report builder where we can provide layered data access for generating new reports

16.2.3 The system should allow reports to be exported into Microsoft Excel , Word, CSV and text format.

Readily Available

16.2.4 The system should allows users to print reports directly from the system, Option should be available to print reports in A4/A3/Legal page using Inkjet/Laser Printer .The default mode for printing of reports(bulk/volume) should be High Speed DMP/LMP

Readily Available

16.2.5 The system should be able to provide context sensitive help to guide users.

Readily Available

16.2.6 The system should allow for sorting of data on trader platform


16.2.7 The system should have the ability to isolate and report errors and exceptions

Readily Available

16.3 Report Coverage Readily Available

16.3.1 The system should have the Readily

ability to generate an output of all accounting entries for a user specified period.

Available

16.4 Scheduling of Reports Readily Available

Reports can be scheduled for various frequncies. Mail Management service is also available

16.4.1 The system should allow for generation of reports on real time basis

Readily Available

16.4.2 Predefined reports should be generated with the minimum of user interference

Readily Available

16.5 Frequency of Reports Readily Available

Reports can be scheduled for various frequncies. Mail Management service is also available

16.5.1 Daily Readily Available

16.5.2 FortNightly Readily Available

16.5.3 Monthly Readily Available

16.5.4 Quarterly Readily Available

16.5.5 Half Yearly Readily Available

16.5.6 Annually Readily Available

16.5.7 Any Chosen Period Readily Available

16.6 Archiving of reports Readily Available

16.6.1 The system should archive historical rates extracted from market information system

Readily Available

16.6.2 The system should allow for archiving of historical reports

Readily Available

17 Ticketing :

17.1 Help users to help themselves by the knowledge base, FAQs and best practices even before they submit tickets.

Readily Available

17.2 To raise tickets and check statuses

Readily Available

17.3 Time Tracking Readily Available

17.4 Scheduled Reports (Daily, Weekly, Hourly, etc.) by Email

Readily Available

17.5 Making sure each query is Readily

categorized right, prioritized and assigned to the concerned person.

Available

17.6 Automate everything that should be automated including setup of SLAs (The priority of the ticket will be rated by the end user and the ticket issue should be solved as per service level agreement) - right from dispatching tickets, to closure.

Customisabel Can be discussed

18 Rule Engine & Parameterization

18.1 Able to add or change business logic ( flexible to change)

Readily Available

18.2 the ability to quickly implement the modifications to business rules

Readily Available

18.3 parameter driven system Readily Available

Date post:	07-May-2017
Category:	Documents
Upload:	darshangosh
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