Comprehensive straight through processing domestic custody system

The global securities industry is in a continuous state of transformation. Even the leading FSI players have to become more competitive than ever before, to retain and extend their competitive edge. The growth in securities lending transactions, such as securities loans and repurchase agreements has been exponential in recent years.

Expanding use of securities has increased the need for cutting edge technology solutions for the entire life cycle of securities industry. The Custodial Service segment of the Securities industry is no exception. Today the custodians need to provide their clients with clearing and safekeeping services across international borders. In addition the increasing competition has led to a renewed emphasis on cost-reduction across back office operations.

Polaris has gained vast experience and knowledge by executing very large custody projects for leading financial institutions across the globe. Polaris is capable of providing integrated cross-border and domestic custodial services solutions. Polaris with its long association with the Custodial businesses offers custom-made solutions to custody service providers.

Polaris - The Custody Service Technology Partner of Choice

Polaris, since its inception has been focusing on providing cutting-edge technology solutions to the securities industry through out the life cycle of this business with solutions for Securities Trading, Lending, Custodial services, Clearing and Settlement. Polaris has been providing solutions to the Global and domestic custodial business of a Fortune 100 global bank since 1997.

System Overview

Our Custody Platform from Polaris is a robust domestic custody processing system proven to handle large volumes of transactions.

Our Custody Platform handles individual and corporate customer accounts seamlessly servicing both local and foreign clients. The system provides the ability to define Master Account, Sub Account relationships and attach service types, billing charges, reporting schedules and SWIFT message addresses at the individual account level.

Functional Highlights of Intellect Custody

• Trade Processing
• Trade Confirmations
• Settlements
• Client Billing
• Corporate Actions
• Reporting and Inquiries
• Parameterization and Maintenance

Interfaces - Open architecture of Our Custody Platform allows seamless integration with external systems to effectively process trades, orders and corporate actions related activities. Our Custody Platform can interface with GL and messaging systems, Stock Exchanges, Clearing Houses, Depositories, Brokers and Information Vendors as well as Data-Warehouse engines.

System Security - User Authentication is done for every transaction and unauthorized users are automatically denied access. Function based access control is supported. System allows for maker and authorizer levels, based on company policy. Our Custody Platform has a powerful security shell that maintains a complete database of system usage, with audit trails of the user activities.

System Highlights

• Multi Depository Support
• Multi Instrument Support
• Multi Currency

Technical Features

• Open architecture allows easy building of interfaces to different systems
• User -friendly front-end interface that is customizable
• Configurable Search Engine for every entity in the system
• Generic File Upload for processing feed files with different formats
• Parameterized audit trail for every maintainable unit
• User access rights based dynamic menu generation
• System Parameters Configuration
• High scalability at very low marginal cost
• EOD Processing Control system
• Extensive security features for tighter monitoring and control