Utopia Credit and Risk System
ARE YOU EFFECTIVELY MANAGING YOUR CLIENT CREDIT AND RISK EXPOSURE?
Davidsohn Global Technologies, Inc. ® Utopia™ product is a multi currency credit/risk
management system that provides Broker Dealers with access to actual or hypothetical client
credit and risk information on a real-time basis. It has an extensive calculation library that
supports margining under Reg T / Rule 431 and Customer Portfolio Margining.
To be eligible for Customer Portfolio Margin, the NYSE requires broker dealers to have a
sophisticated intraday monitoring system with the ability to re-price accounts throughout the
day. Utopia accepts real-time and intra-day trade and pricing feeds, calculates results that can
be accessed online or in pre-configured reports, and is fully compliant with Federal and
Exchange regulatory requirements.
PRODUCT FEATURES
Extensive Optimized Calculation Library
- Multi-Currency / Multi-Entity / Multi-Product
- Calculations
- Reg T / Rule 431
- Customer Portfolio Margin
- Day Trading
- Risk Based Haircuts
- Optimized for performance and accuracy
- Calculates requirements in local & rollup currency
Customer Portfolio Margin
Sophisticated intraday monitoring
Stress testing (scheduled or on demand)
Day Trading calculation based on $5M equity rule
Compliance monitor and alert notification
Securities eligibility validation
Minimum equity validation
Rule 431 margin treatment for non-eligible securities
CPM House and SRO requirements
Margin call alerts / exception screen / reports
Call aging / tracking and closing
What If Analysis
Separate “What If” database that does not impact production
Apply hypothetical trades, journals and prices
Comparison of Reg T / Rule 431 margin calculations to Customer Portfolio Margin calculations by account
Simulate scenarios tailored to client objectives to maximize profit and avert loss
Rehearse credit scenarios and action plans in response to evolving market conditions
Financial Instruments Supported
- Equities (Domestic, Foreign, ADR’s)
- Options (Equity / Index / Currency)
- Municipal Bonds
- Corporate Bonds
(Convertible / Non-Convertible)
- Government Bonds
- Zero Coupon Obligations
- Fixed Income Derivatives
- Non Convertible Corp Bonds
- Single Stock Futures
- Treasuries
- Credit Derivatives
Credit Analysis
- Determine credit availability & apportionment across client accounts
- Reconcile credit differences detected during credit requirements recalculation
Exception Processing
- Identify all accounts for a given margin exception condition (e.g. Fed Call, Maintenance Call, House Call, or custom exception criteria etc.)
- Identify all exceptions violated by a specific account or family of accounts
System Flexibility
- Recalculates credit requirements by account
- Overrides credit requirements by account, country, currency, CUSIP, industry and security
- Manual trade and journal entries
- Account recalculations can be launched on an “account-affected trigger” basis or manual user request
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Real Time Credit / Risk Management
- Real-time query and online viewing
- Intraday calculations and reporting
- Concentration / liquidity requirement adjustments
- Highly adaptable, offering a full range of exception reporting and customizable notification options
- Instant evaluation of trade results
- Assesses and/or monitors risk exposure and regulatory requirements for Retail, Prime Broker, Market Maker, Leveraged Financing Offshore and Global accounts
- Creates family of accounts (up to four levels)
- Interprets the credit impact of complex trading scenarios
- Automatically determines optimal credit to extend on securities collateral
- Ability to apply cross currency hedges
Reporting
- Real-time and intraday reporting
- Customizable exception reporting
- Pre-configured reports
- Automatic report generation after completion of start of day processing
- On Demand reporting
- Reports can be viewed online, saved as PDF and printed
- Data export to Excel and other formats
- CPM Reporting
- Margin Exception Reporting
- Compares scenarios to baseline records on a standardized or customized basis
Start of Day Calculation Preparation
- Data required for start of day processing
- Accounts
- Positions
- Balances
- Products
- FX Rates
- OCC Tims Data (CPM Only)
- Trades
- Journals
- Pricing
Intraday Calculation Preparation
- Data required for real-time / intraday processing
Technical Features
- Full security and audit trail
- Innovative browser based Graphical User Interface
- Open database for custom query, report writing and data export
- Export data to downstream books and records systems
- Processes multiple data loads for global functionality
- Available as Davidsohn Software-On-Demand™
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For Additional Product Information: TEL: 212.208.0100 Please
contact us here.
If you would like to download a PDF version of the Day Trading Margin, NYSE Rule 431, Credit Risk Management Systems brochure,
CLICK HERE.
