After establishing the core set of data, transactions are created and monitored. Each of the transactions created by a user draws upon the common core data elements, including counter-party and client names, rates and fees. But because ABIS is a flexible approach to banking, this information can be modified as transactions are created. Thus, if a client has been given a preferential fee or rate for a specific transaction, global defaults can be overridden as the transaction is created. ABIS breaks transactions down into a variety of modules, but certain types of transactions can be linked across modules as needed. For example, hedging a loan allows a user to input currency or interest rate options using a linked transaction reference.
provides a series of modules designed to assist the bank
with their corporate banking activities. These include:
Bank staff and management can optimize the performance of these modules, setting default fees and rates
|and then customizing them by client
or transaction. Staff can also view the banks historical
and current relationship with clients, identifying other
opportunities and managing risk through ABIS's reporting
or risk management features.
ABIS's Trade Finance module assists the bank's relationship and business with their clients. Supporting the full range of trade finance products, both on the issuance and advising side, as well as guarantees, negotiations and collections, ABIS further allows the bank to extend pre-export and acceptance financing. ABIS's Trade Finance module is tied into SWIFT, which allows for the automatic processing of inbound and outbound items.
Because the relationship
with every client is both important and different, ABIS
enables the bank to either use default fees or rates, or
to set them individually by client or transaction.
Similarly, individual limits can be set by client to
protect against exposure. Management can pull up detailed
histories of transactions, query items by status,
maturity, commission, etc., automatically output
reimbursement statements and associated documents and
cross check L/C's purchased against reimbursement and
ABIS's Commercial Lending applications assist the bank in managing finance packages to their clients. Whether single term fixed loans, or multi-party syndicated transactions, bank staff can easily manage user defined loan types will minimizing risk and exposure.
|As the relationship with a client can change
over the course of a transaction, ABIS allows interim and
partial repayments, rollovers, and additional interest
calculations. In addition, when integrated with ABIS's
Limit management program, a greater degree of control on
the risk of certain clients can be maintained.
Automatic monthly calculation of accrued interest based upon market value update of portfolio.
Partial or full disposal of securities.
Monthly transaction history reports.
Query/Report by customer, credit status and country of exposure.
Periodic re-evaluation of investment portfolios.
Ability to easily mark portfolios to market.
ABIS also handles the ability to create call and put options on a transaction, providing total flexibility.
ABIS's Money Market modules allow for the placement or borrowing of currencies. These can range from overnight deposits or placements to fixed term contracts. Contracts can be rolled over automatically by the bank as needed.
Knowing your customers' needs and being able to provide them with solutions is important for survival in today's competitive environment. In order to provide additional support and functionality, ABIS supports a variety of additional modules that help a bank's relationship with their clients. These include a customer management module, showing transactions from across the ABIS platform, as well as retail lending, current/checking and savings applications.
ABIS assists banks in their relationship with clients by providing a full-service current/checking account application. Multi-currency capability allows banks to open current/checking accounts in currencies as needed. In addition, ABIS's Current/Checking account handles overdraft charges, credit interest, stop payments, Checkbook management, tax and other charges or fees. In addition, predefined Customer advices allow for automatic communication of important data with clients, both using mail or fax. In addition, ABIS automatically checks limits during transaction entry, thereby eliminating unauthorized overdraft transactions.