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Foreign Exchange solution
A complete front to back office foreign exchange system built and supported by industry specialists
What is the Foreign Exchange solution?
The diverse and competitive environment of global wholesale banking has created increasing pressure on market participants to conform to new industry standards, deploy Web-enabled customer tools, and increase straight-through processing efficiencies. The CGI Foreign Exchange solution was designed by industry specialists to meet these challenges, enabling financial institutions to offer an advanced foreign exchange product to their customers via the Internet.
The Foreign Exchange solution is comprised of 3 powerful components:
- Object Charlie™: Full front to back office foreign exchange application
- Open Interface: Adaptable foreign exchange transaction processing engine and messaging system
- Chapel™ WebFX: Powerful Java/HTML Web foreign exchange application with an embedded liquidity engine
How does Object Charlie work?
Object Charlie is a complete front to back office foreign exchange application incorporating:
- Deal capture interfaces
- Position management
- Counter party risk management
- Settlement instruction management
- Payment message formatting (Swift/DDA/Fedwire, etc.)
- FX Journal/General Ledger
- Payment netting (bilateral/multilateral/CLS)
- Nostro/Vostro account management
How does Open Interface work?
Open Interface has over 35 existing production-ready interfaces including:
- Third party vendor or internally developed legacy Forex systems
- Reuters/EBS electronic brokerage
- Money transfer/payment systems
- Real-time DDA
- Nostro reconciliation systems
- External G/L systems
- Reuters/Bloomberg live rate feed compatibility
- Custodial systems
How does Chapel WebFX work?
The Chapel WebFX robust feature set includes:
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