A CONFIGURABLE SOLUTION TO EFFICIENTLY MANAGE TREASURY OPERATIONS

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1 Wallstreet City Financials The integrated treasury workstation for mid-sized corporations Wall Street Systems Empowering Treasury, Trading and Settlement FACT SHEET: Wallstreet City Financials A CONFIGURABLE SOLUTION TO EFFICIENTLY MANAGE TREASURY OPERATIONS Wall Street Systems City Financials solution (City Financials) provides corporations with the ability to efficiently manage their treasury operations using the latest database technology made available via a simple web browser. City Financials provides cash management, deal administration, and risk management together with seamless and powerful accounting and reporting from a single integrated treasury workstation. It connects with other systems to deliver elements such as bank reporting, trading portals and payments (including SWIFT), together with the AP/PR data from global ERP systems. Wallstreet City Financials operates from one central database that can be located anywhere in the world enabling the efficient control of treasury data in a timely manner. Data from any part of the organisation can be collected or entered in real time and analysed centrally to give an accurate picture of the financial status no matter how complex the structure or demographic nature an organisation may have. City Financials is used by a diverse range of clients globally, ranging from small corporates to very large multi-nationals with multiple treasury centres. The intuitive and user-friendly solution can be made available via ASP to reduce dependency on internal IT support. Edition 2 PAGE 1 OF 8

2 Cash ManagEMEnt Key FeaturES Automated electronic bank report processing and bank account reconciliation Real-time cash position management with integrated cash forecasting analysis Transfer and payment processing In-House Banking functionality to provide intercompany account management and reporting via the web Cash Positions Multiple cash positions can be created and stored for easy position analysis. Each position can analyse a user-selected range of accounts over a user-defined time series. Positions include all known cash flows within the system and can optionally include forecasted data or simulated deals. Cash Forecasting Forecasts can be input or uploaded using a web browser. Users can set simple mapping rules to allow standard spreadsheets to be defined for forecast submission or to easily use existing spreadsheets. Payments and Transfers 3rd party payments, intercompany payments and bank transfers can be entered as either free-format or templated transactions. All payments immediately update the cash positions, generate accounting entries and set-up settlement processing for subsequent printing or exporting to EFT payment systems. In-House Banking In-house banking services are provided to group finance operations, all available through secure web-based access. Electronic Bank Reporting With full support for industry-standard file formats, files can be imported from any number of banks or reporting services. Automatic Account Reconciliation Electronic statements are automatically reconciled against the system generated account statement. Matched or unmatched items can be quickly viewed. Manual reconciliation includes facilities to assist manyto-one, one-to-many and many-to-many matching. Deal administration Key FeaturES Extensive transaction support including all major capital market, foreign exchange and derivative transactions Integrated workflow and strategy control Automatic generation of payments and confirmation records Real-time position management, reporting and transaction event diary Integrated Workflow All transactions contain a built-in workflow mechanism. Each transaction can be in either a draft, pending or normal state. Historic records of each transaction are maintained. Payment Processing Once a transaction has been accepted, the system generates payments and confirmation records automatically, using user-defined standard settlement instructions. A payment diary maintains all the payments that need to be made over a selected timeframe and provides a user-definable authorisation process. Confirmations Confirmations can be printed using user-defined templates or exported in file formats appropriate for interfacing with confirmation matching systems. Transaction Support Supports all major transactions, including money market activity, commercial paper, corporate bonds, government bonds, floating rate notes, treasury bills and notes, foreign exchange spot and forwards, foreign exchange swaps, currency options (vanilla, knock-in, knock-out or double barrier options), interest rate swaps (vanilla, cross-currency, basis swaps, amortising or irregular swaps), swaptions, interest rate, currency and commodity futures, future rate agreements, caps, collars and floors. Competitive Dealing Competitive bid data can be captured for any transactions. Deals done on on-line dealing platforms can be uploaded together with bid information provided by the dealing platform. Position Management All transactions update positions in real-time. Cash positions are updated with all known cash flows over the life of the transaction, supporting both current cash position analysis and forward projection analysis. PAGE 2 OF 8 Edition 2

3 Risk ManagEMEnt Key FeaturES Real-time credit exposure tracking and limit breach warning Fair value and market value analysis for all transactions Simulation analysis Stress testing, sensitivity and historical accuracy reporting Complete market data and pricing history Market Valuations The system provides comprehensive market pricing functionality through the integration of libraries from FinancialCAD, a leading risk management analysis tool. Transactions can be priced using systemcalculated zero coupon curves, created from user-supplied deposit rates, futures prices and/or par swap rates. Option pricing and greeks are available for vanilla, knock-in, knock-out and double-barrier European or American options. Valuations can also be uploaded from spreadsheet and incorporated into the reporting throughout the system. Simulations and Fair Value All transaction types can be entered into the system in a draft state and a fair value calculated. All reporting can optionally include the draft or simulated transactions in order to assess their impact on the overall portfolio. Draft transactions can then be either deleted or simply converted it into a real transaction for subsequent processing Credit Exposure Monitoring Users can create multiple credit exposure policies, each defining a particular type of exposure to track (e.g. investment credit risk, counterparty FX exposure). Within each policy, specific types of transactions can have rules associated to define the exposure amount and exposure amounts can be weighted over time. Limits can be defined on counterparties and groups of counterparties. Groupings can be used to monitor exposures to user-defined collections, such as geographic region or industry type. Credit Limit Breaching The system provides configurations for handling limit breaches. Counterparty selections can be filtered to only allow entities with sufficient availability to be selected on a deal. Alternatively, all counterparties can be selected but a warning would prompt the dealer in the event of any limit breaches. The dealer receives an immediate warning and all limit breaches generate a real-time message that can be sent to subscribed users either via an instant messaging service or . Sensitivity Analysis Unlimited sets of market data can be maintained within the system. Pricing can be calculated using any selected market data or zero coupon curves. Reporting can compare and contrast the impact of different market condition. The system can also analyse the impact of changes on an existing market condition by shifting curves or applying percentage adjustments. Market Data and Pricing History Interest rates, exchange rates, volatilities and yield curves are maintained within the system and can be uploaded from spreadsheet or XML to automatically import data from information services such as Reuters and Bloomberg. All market data and valuations are stored over time. It is possible to report a single transaction or a portfolio s pricing changes over time. Historical market data can be used in reporting for analysis over time or for benchmarks against portfolio performance. Edition 2 PAGE 3 OF 8

4 Accounts ManagEMEnt Key FeaturES Fully integrated treasury ledger Standard accounts reporting, including trial balances, balance sheet and P&L reports Journal processing to provide a controlled method of entering non-transactional management accounting entries Export functionality to corporate general ledger packages Accounting Standards All major financial transaction accounting standards supported, including FRS4, FAS133 and IAS39. Hedge portfolios identify links between exposures and hedges. Effectiveness tests can be run on these portfolios and accounting entries automatically generated based on the effective and ineffective values. Financial Reporting A full set of standard accounting reports are supplied. These include trail balances, consolidated trial balances, balance sheets and profit and loss statements. Users are able to easily customise these to suit their own particular reporting and corporate imagery. Journal Processing Journal input provides a mechanism for management accountants to pass additional entries into the treasury ledger that are not related to any specific transaction, such as internal management expenses that need to be charged to group intercompany accounts. Treasury Ledger The system contains a fully integrated, multicurrency accounting ledger specifically focused on the requirements of treasury accounting. Standard accounting for each transaction type is supplied with the software but users can also create their own transaction accounting models. All transactions update the ledger automatically as entered. Multi-entity Accounting Each financial entity in the system can have its own period end definitions. Period ends can be closed by entity. Financial reports can be produced for one company, groups of companies or for all companies. Multi-currency Accounting Complete accounts are maintained for each currency. All reports can detail both actual currency amounts and entity base currency values. General Ledger Exporting City Financials contains its own internal ledger. The process of updating a corporation s general ledger is a simple case of mapping accounts to each other. Transaction Reports are not necessary all transactions have specifically created a set of accounting entries within the internal ledger that can be checked and verified whenever required. The internal ledger structure facilitates seamless mapping to GL packages such as Oracle Financials, JD Edwards and SAP or consolidation packages such as Hyperion. Each account can also have specific export references stored on it if it needs to override the automatic translation rules. Accounting exports can be scheduled to run at user-defined intervals. Files can be generated in flexible spreadsheet, CSV or XML formats for direct import into other systems. PAGE 4 OF 8 Edition 2

5 Risk valuation tool Account statement executive summary Daily cash position REPORTING Automatic Report Generation Users can create reports without any specific report writing skills. Users can set their own column preferences for any enquiry screen from a simple selection list, and define the sorting, grouping and order by using drag-and-drop functionality on screen. Instant Messaging Events automatically trigger messages that can be sent to an integrated instant messaging service within the system or via . Users can subscribe to messages relevant to them. Sample messages include credit limit breaches and changes to static data that require authorisation. Integrated Security The system uses a fully integrated graphical report designer instead of relying on external third-party reporting tools, delivering a consistent environment and seamless interaction between on-screen enquiries and reports. Multiple Output Options All reports created within the system can be set to produce results to a printer, to an address/distribution list or to file. Files can be in a large variety of output formats, including PDF, Excel, Word, HTML and XML. If the report has graphs or charts, the report can also be saved to JPG or BMP graphic formats for integration into other documents. Unattended Importing A polling engine automatically imports data at user-defined frequencies. Previous day bank files can be automatically loaded into the system and reconciled overnight, providing exception reports ready for the start of the working day. Spreadsheets of market data can be loaded every user-defined number of minutes to allow intra-day revaluations. Scheduled Reporting Reports and data exports can be scheduled to run at user-defined intervals. Users can specify reports to run daily, weekly, monthly or at specific times/days through a simple scheduling wizard. Edition 2 PAGE 5 OF 8

6 Executive summary dashboard WEB SERVICES KEY FEATURES Web-based transaction processing with realtime update of database and positions Online account balance and statement enquires Secure real-time reporting, including account statements and intercompany FX reports Integrated cash forecasting through simple web-based spreadsheet submission or input Web-based Reporting Real-time reporting can be distributed easily via the web. Treasury personnel can define standard reports for users to be able to run over the web. Reports query the data in real-time and allow remote users the ability to produce their own intercompany reports. Typical reports include account statements, interest summary, FX gain/loss reports and account balance reports. Transaction reporting can also be distributed via the web, such as current cash position or investment analysis reporting, allowing senior management easy access to real-time treasury data without needing to specifically use the treasury workstation or depend upon treasury personnel to reports. Transaction Processing Users are able to submit account transfers, 3rd party payments, term deposits, term borrowing and FX deals directly from within their webbrowser. Users with sufficient profiles can then accept pending transactions again from within their own browser. Online Balances and Statements Through a secure login, group finance operations can sign directly into the system using a web browser. User profiles automatically restrict which accounts are available. Once online, users can view all their balances including interest accruals and P&L. Drilldown functionality allows users to drill into an account to see a statement over any selected date range. Executive Information Services Real-time key treasury information is displayed in a highly graphical summary web page. Each page can be easily configured to show a number of panels. Key treasury data or an external document (PDF, Word or Excel). System data can be displayed in grid or graph format. Key position analysis and treasury statistics are made instantly available for senior management. Cash Forecasting Group finance operations can also submit forecasting data via their browser. Users can either enter specific forecasts for known upcoming activity. These can then be converted into real payment requests at the appropriate time. PAGE 6 OF 8 Edition 2

7 Multilateral netting screenshot Multi lateral netting executive summary FUNCTIONAL COVERAGE Investments Fixed rate money market Fixed and floating long term investments Amortising investments and annuities Money market funds Government and corporate bonds Commercial paper Treasury bills and bonds Certificates of deposit Money market report Derivatives Interest rate swaps Basic swaps Cross-currency swaps Amortising, balloon and irregular swaps Future rate agreements Swaptions Caps, collars and floors Interest rate futures Exchange traded futures and options including commodities Debt Fixed rate money market and floating long term borrowing Amortising borrowings and annuities Facility and syndicated facility management Bonds and medium term note issues Commercial paper issues Fixed Foreign Exchange spot and forwards FX forwards with amortising interest FX swaps Vanilla currency options Knock-in and knock-out ccy options Double barrier currency options Exchange traded currency futures and options Transaction Administration workflow and authorisation Daily cash diary Transaction events diary Competitive bids analysis Manual confirmations to user-defined templates Automatic confirmation matching through CMS/FXMatch or Concord Accounting Multi-entity, multi-currency ledger User-definable accounting rules on transaction types Support for accounting standards, including FRS4, FAS133, IAS39 Journal entry Flexible period ends by entity Automated posting of revaluations and accruals Export facilities to external ledger systems Export facilities to reporting consolidation systems Integrated FX Credit Risk User-definable credit policies weighting by transaction type and maturity Integration with pricing tools for policies against market values Credit ratings management Exposure tracking for both counterparties and counterparty groups Real-time messaging Exposure Settlements Standard settlement instructions by counterparty and transaction type Support for special settlement instructions Integrated payments workflow and authorisation Payment netting and offset Interfaces to banking EFT systems Integration support for EFT repetitive templates Exports options to standard file formats including EDIFACT Continued Edition 2 PAGE 7 OF 8

8 Continued Cash Management Cash positions over user-definable time series Daily cash diary Bank and intercompany transfers 3rd party payments Payee administration Interfaces to bank balance reporting systems Ability to import from BAI, MT940 or generic text electronic statements Automatic transaction postings from electronic statements to user-definable rules Integrated bank account reconciliation Market Risk and Pricing Zero coupon curve generation Market pricing to zero coupon curves Pricing for currency options including barriers and double barriers Interfaces to import exchange rates, interest rates and volatilities Full history of market data and transaction pricing Support for multiple market data tables What-if and scenario modelling Seamless integration of FinancialCAD pricing libraries Web Functionality Full security control for data and functions On-line account balances and statements Transfers and 3rd party payments Forecast entry and upload Money market and FX deal entry/orders Integrated workflow and authorisation Reporting Diaries by date, currency, entity, counterparty, transaction type Transaction activity by date, entity, counterparty, currency, transaction Transactions outstanding by currency, entity, counterparty, transaction type Competitive bids by date, currency, entity, counterparty, transaction type FX activity and revaluations by date, currency, entity, counterparty, transaction type Investment and debt reporting by date, currency, entity, counterparty, broker, transaction type Payment activity, detail and authorisations by date, currency, entity, transaction type User-definable confirmations by transaction types and events Cash position worksheets by date, currency, account, entity, bank, region Cash forecasting by currency, entity, account, region, bank, activity types Bank reconciliation activity, exception reporting Trial balance, balance sheet, P&L statements by date, currency, entity, counterparty Audit and Security Secure database access with fully encrypted passwords User groups define security profiles detailing functions available and data visible Password controls include user-defined options on failed attempts before lockout, length of password, password complexity, frequency of password re-use and password changes Audit log of user connections, failed logins and lockouts Optional dual authorisation control on standing data Integrated workflow controls on transaction entry Audit logs of data changes including history of previous values Wall Street Systems Delaware, Inc. All rights reserved. CONTACT US North America Europe +44 (0) Sydney Wall Street Systems Empowering Treasury, Trading and Settlement Edition 2 PAGE 8 OF 8