FIRST’s comprehensive and flexible platform enables users to manage
foreign exchange, commodities and interest rate portfolios with maximum
scalability and performance.
All system functionality resides on a single,
integrated Web-based platform. Each module is fully functional as a
standalone solution or available as a completely integrated treasury
management system.
Foreign Exchange & Commodities
FIRST supports front, middle and back office activities associated
with hedging, risk management, portfolio management and accounting.
Exposure management, trade management, hedge relationship management
and hedge accounting are the core functions of FIRST’s Foreign Exchange
and Commodities modules.
Exposure Management
Enter, import and aggregate global foreign exchange and commodity exposures
into a single database via the web
Trade Management
Automate your trading/hedging workflow from front to back office while
maintaining the proper workflow controls
Hedge Accounting & Documentation
Link hedges with the underlying exposure and documentation. Perform
hedge effectiveness testing using dollar offset, hypothetical derivative
and regression methods. Integrate into existing ERP structures for General
Ledger postings.
- »Hedge relationships
- »Effectiveness testing
- »Effectiveness measurement
- »Create GL entries
- »Export GL to ERP
- »Attach all hedge documentation
Interest Rate, Debt, Investment
FIRST’s Interest Rate module enables users to enter long term debt issuances,
commercial paper and CP programs, lines of credit (external and intercompany),
money market funds, short term interest bearing instruments, intercompany loans
and interest rate derivatives for hedging.
- »Deal capture
- »Event management
- »Prepayments (both principal & interest)
- »Rate resets
- »Fee tracking
- »Amortization schedules
- »Automated rollovers
- »Pricing
- »Create multiple predefined yield curves
- »Trade confirmations
- »Payment netting
Reporting, Security & Deployment
All modules include standard reports that can be utilized through a Query
Builder screen that adds filters, formats the output and saves queries for
later use. Security in FIRST has multiple layers including the definition
of “roles” (eg. trader, accountant, etc.). Users can be assigned to these
roles and to one or more subsidiaries in FIRST for entity based data
segregation. FIRST requires only a web browser to access and is deployed
under the Software-as-a-Service (SaaS) model. SaaS removes the burden of
installing and maintaining a global solution from your company’s IT department.