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VOLCS

A Solution for due date management, cash management and foreign exchange management

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VOLCS (Visualized OTC Products and Liquidity Control System) provides three functions which are not available in an existing enterprise system- due date management for structured bonds and OTC derivatives, cash management and foreign exchange management. Each function can be used independently.

Overview

Due date management for structured bonds and OTC derivatives

Structured bonds and OTC derivatives have been receiving more attention due to their high yields and flexibility to be arranged products. Financial institutions need to swiftly respond to new products, while they carry a major operational burden to manage due date by checking each qualification of optional conditions, adjusting holidays of different markets and executing detailed calculations. VOLCS can quickly respond to new products and reduce financial institutions' operational burden.

Cash management

The importance of cash management has been increasing due to the shorten settlement cycle, Bank of Japan's policy change, diversification and globalization of corporate activities as well as changes of settlement system and regulations. There are various challenges for financial institutions to upgrade their cash management process, including collection of scattered data, depersonalization of money reception/payment predetermination information, and risk of manual operation. VOLCS centrally manages scattered data, ensuring swift and accurate cash settlement.

Foreign exchange management

Foreign currency series securities with foreign exchange transactions can be profitable both for investors and broker dealers. These transactions present challenges such as management of various currencies, collection of scattered data, depersonalization of predetermination information, and risk of manual operation. In addition, there is a wide range of products and management styles, which vary depending on broker dealers, demanding financial institutions to flexibly adjust accordingly. VOLCS can respond to each broker dealer's framework, decreasing the operational burden of foreign exchange transactions.

Clients

Financial institutions and other enterprise who wish to reduce operational risk, increase operational efficiency, and increase trading volume.

Awards

VOLCS has been named "Best New Post-Trade Solution" by FTF News Technology Innovation Awards 2017, as part of the publication's 2017 Institutional Trading Awards.
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VOLCS has been named "Best Utilities Technology" by Fund Technology and Wall street letter, as part of the publication's 2017 Institutional Trading Awards.
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Features

Due date management

Reduce operational burden and risk by automating and visualizing complex operations

  • VOCLS automates holiday adjustment for coupon fixing date and settlement date as well as condition date for Knock-in. (Optional function: Automated collection of foreign holiday information)
  • VOLCS automatically calculates digital coupons and redemption of exchangeable bonds with conditional contracts.
  • VOLCS visualizes daily volume and status update by showing the number of resets and conditions on a dashboard.

Maximize profit-earning opportunities with operating procedure and data management regardless of types and volume of products

  • VOLCS can handle structured bonds, interest rate swaps, equity swaps, options and loans.
  • VOLCS can respond to product additions and increased trade volume by leveling operation volume.
  • VOLCS can manage data by standardizing various products with a versatile input screen. VOLCS' users can maximize profit-earning opportunities by saving the time and cost for specific system updates.

Can be used with cash management function

  • Combined with cash management function of VOLCS, redemption and interest money which have large impacts on cash will be reflected to cash management function of VOLCS automatically. VOLCS users can obtain cash information more swiftly and accurately.

Cash management

Reduce operational risk and increase operational efficiency by standardizing operation

  • VOLCS can standardize operations by applying its framework to a series of cash management operations including manual operations and operations unique to each firm.
  • VOLCS manages the status of approvals and reconciliation and can avoid settlement accidents by blocking procedures without appropriate transactions.
  • VOLCS can increase operational efficiency by automatically reconciling withdrawal details and balance data.
  • VOLCS visualizes daily volume and status update by daily volume and status update by showing settlement details and the number of unapproved transactions on a dashboard.

Upgrade cash management

  • VOLCS can execute cash stress simulation by providing short-and mid-term cash management information.
  • VOLCS can reduce settlement risk by liquidity management.
  • VOLCS can centrally manage all currencies. VOLCS also can temporally reflect undetermined cash transfer as data to cash management.

Encourage STP with flexible connection interface

  • VOLCS can collect scattered cash management data by connecting all interfaces such as existing intranet systems, file upload and input screen.
  • VOLCS can connect to various formats of systems in many ways, eliminating cost and time to update a system specific to a particular interface. VOCLS also can adjust to interface of external settlement agencies such as EB, net banking and SWIFT.

Foreign exchange management

Reduce operational burden by automatic data collection

  • VOLCS can collect scattered cash management data by connecting all interfaces such as existing intranet systems, file upload and input screen.

Expand operations with flexible settings

  • VOLCS handles spot, forward and swap trading of foreign exchange. VOLCS also can manage exchange transaction between foreign currencies besides Japanese yen.
  • VOLCS selects management items among various products denominated in foreign currencies and deposits base on each firm's business model. VOLCS can flexibly respond to product additions and change of business model as it groups exchange balance according to each firm's management system.

*VOLCS is a registered trademarks of Nomura Research Institute, Ltd. in Japan.
*Unauthorized reproduction or copying of any of the contents of this page is prohibited.
*The contents of this page are current as of April 2018. The specifications and prices of products and services are subject to change without notice. Offers and sales of these products and services are subject to cancellation without notice.

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Contact Us

Please feel free to contact us for management consultation or any other questions about our consultation services.

Wealth Management Solution Department
Phone: +81-(0)3-6660-8787
E-mail: volcs-sales@nri.co.jp