The Broker Accounting is the front-office application for the derivatives (futures, options) department to manage the accounts of brokers they deal with.
In CMStrade, BA is updated as events actually occur and therefore is synchronised with the broker's own records. The BA is thus separate from - but still integrated with - the accounting.
BA concerns all the different operations and related data in derivatives: commission, premiums, interest, transfers, etc.
The BA front accounts integrate with the receivables/payables. This eliminates:
■ duplicate data input in both of them;
■ data and timing conflicts between front and accounting, but still preserves data coherence between them.
The application contains the guarantees (based on the actual financial accounts) given to brokers, and the margin conditions contracted.
These can be used to calculate the broker's equity, and, based on actual or estimated market prices, the margin call report anytime.
BA also integrates with the cost accounting, ventilating the P/L amounts (commissions, premiums, results, etc) in the relevant costs centers.
For information on Operations, Output
and Transactions, please see Data.
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