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Case study total return swaps banking luxoft for a top10 global investment bank
Case study total return swaps banking luxoft for a top10 global investment bank
Case study total return swaps banking luxoft for a top10 global investment bank
Case study total return swaps banking luxoft for a top10 global investment bank
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Case study total return swaps banking luxoft for a top10 global investment bank

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luxoft software development

luxoft software development

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  • 1. For more information about Luxoft, visitwww.luxoft.comwww.luxoft.com/financial-services/case studyTotal Return Swaps (TRS)Management SystemSummary13.09.2012Develop an application that supports Total Return Swap (TRS) contractmanagement with price calculation, tracking, analysis metrics, configurationand reporting.uu Client: A top ten global investment bankuu Business Area: Prime services, middle office, front officeuu Asset Classes: Equities, Equity Derivatives, FI Derivatives, Loansuu Technology Set: Oracle, J2EE, Spring, Struts, Jasper Reports, OracleReports, Groovyuu Integration: Misys LoanIQ, Bank-wide Prime Brokerage system,FX data provideruu User Profile: Synthetic Equity, Trading/TRS, Structured Credit Finance,Prime Brokerage, Alternative Asset Financing departments (100+ users)uu Geography: US and UKuu Relationships Status: Ongoing ODC, T&Muu Services Provided: Development Q/A Teamuu Team Size: Up to 5 team membersuu Duration: 5+ years
  • 2. Business ChallengeLuxoft Delivered SolutionA top ten global investment bank needed to transform its existing TRSmanagement system to comply with new business requirements and totake advantage of the latest technical innovations.In addition to managing the contract specifications, the system had to fulfillthe following functional and technical requirements:1. Real-time access to market and credit risk data2. Track reference rates, reference assets, capital gains and losses, andstructured transactions3. Maintain audit data such as source, status and other characteristics ofthe swap transaction4. Provide both pre-defined and ad-hoc reporting5. Migrate to a web-based technical platformThe small team of Luxoft developers successfully redesigned the existingsystem, providing a highly adaptable architecture that would supportrapidly changing business needs. In addition, short development iterationsallowed quick, early deployment of the most urgent business functionality.Luxoft’s engineers developed solid architectural and technical solutions thatmaintained the system reliability throughout continuous enhancements.The key features of the new system include:A flexible architecture that facilitates rapid development of new andupdated business linesuu A dedicated reporting subsystem with customizable scheduling anddelivery capabilitiesuu Support for multiple format sets in the inbound data feedsuu Advanced batch data processing components that execute the complexbusiness logic required for processing total return swapuu A J2EE, web-based user interfaceuu A robust security subsystem to authenticate and authorize users whoaccess the system via public internet channels02Luxoft - Case Study
  • 3. Figure 1:TRS SystemArchitecture Benefits03Luxoft - Case StudyBenefitsCustomer FeedbackWith Luxoft’s technical expertise and advanced business domainknowledge, the client realized the following benefits:uu A flexible and scalable system architecture that provides the clientwith the ability to expand the current application to support emergingbusiness needsuu All functional and technical requirements were delivered on time andwithin the project budgetuu A highly accessible and secure platform for TRS contract managementand reporting wherever internet access is availableuu Automated updates to the swap positionsDetailed feedback will be provided on request..ORACLEDATABASEBATCHJ2EE WEBAPPLICATIONBATCHBATCHFEEDFEEDFEED
  • 4. About luxoftLuxoft, a principal subsidiary of IBS Group, is a provider of advancedapplication and software engineering outsourcing services for global andregional enterprises. Luxoft builds partnerships with its clients, such asBoeing, IBM, Deutsche Bank, UBS, Harman, Avaya, Alstom, and Sabre, basedon the culture of engineering excellence, innovation, and deep domainexpertise. Luxoft offers international delivery capability through its networkof state-of-the-art delivery centers in North America, Eastern Europe, andAsia. Luxoft`s customers benefit from the right mix of technology skills,industry knowledge, proprietary processes and methodologies, and achoice of engagement models.For more information about Luxoft, visitwww.luxoft.comwww.luxoft.com/financial-services/© 2012 Luxoft

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