lumina treasury - front office · 2019-02-27 · lar, ndf mae in argentina. • cheapest to...

LUMINA TREASURY - Front Office

www.luminaamericas.com

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LUMINA TREASURY

What is it?

What is it for?

Who should

it be used?

Why use it?

Lumina Treasury is a complete front office trading and portfolio management solution that manages the day

to day business of financial institutions for their own and third party positions, including trading and treasury

desk, client and mutual fund portfolios.

It provides a series of tools for the administration of cash flows and balances, accumulated and projected li-

quidity, exposure, curve based risk management, currencies, indexes and options. The application calculates

daily, monthly and annual P&L on a portfolio basis, including the primary risk factors.

The product coverage includes plain vanilla instruments, derivatives, exotic derivatives and structured prod-

ucts, as well as Latin-American local products with real time valuating using fresh market data.

Lumina Treasury can be used as the central trading application or as a warehouse integrating all transactions

and positions from other applications through the use of the vast universe of interfaces (Propietary API).

All position related corporate and operational events are supported by the application (Option exercise, loan

renewals, unwinds, cancellations, etc.). Besides these features, Lumina Treasury also includes tools for Audit

ing, calculating and executing Margin Calls, Collateral Administration, Value at Risk, Portfolio Performance,

Portfolio Optimization, Stress Testing and Limits control.

• Integrated treasury management by centralizing the administration and consolidation of transactions

for multiple desks, businesses and entities.

• Portfolio level reports for position, P&L and VaR.

• Risk and Exposure management.

• Liquidity and Cash Management.

• Investment management including Yield, Statistics and P&L reports.

• Absolute flexibility for including new instruments based on existing ones.

• Total operational’s workflow control and audit.

• Treasury managers and directors.

• Traders.

• Risk management directors.

• Audit.

• Portfolio managers.

• Trading desk support and Middle Office.

• Client account managers.

• Risk, PnL and Liquidity control in real-time.

• Liquidity and Inventory management.

• Limits control.

• Possibility to gather and integrate information from multiple sources.

• Centralization of the transaction administration and operational events for every product.

• Strong calculation engine based on world class analytic libraries.

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OVERVIEW

BUSINESS FUNCTIONALITY

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Product CoverageLumina Treasury covers a vast variety of products including Capital Markets, Money Markets, Mutual Funds, Equities/Bonds Borrows &

Loans, Repos, Rentals, FX, Derivatives, Structured Products and Latin-America local instruments.

All products are user configurable using the application’s functionality without having to develop new features. By doing so, the time to

market for including new products is drastically reduced.

Fixed Income

• Zero Coupon, fixed and floating rate bonds.

• Floating rate bonds with single reset, overnight reset and

curve based estimation.

• Partial and Total amortization.

• Mix floating-fixed bonds.

• Inflation adjustment for nominals and coupons.

• Local valuation conventions (E.g. Bonos, BPAs, BREMs in Mex-

ico; Bonos CER in Argentina, etc.).

• All coupon interest conventions.

• Structured bond support with the ability to edit any coupon

attribute.

Equities

• Ordinary shares, ADRs and Indexes.

• Dividends, splits, subscriptions, exchanges, fusions and spin

offs management.

• ADRs conversions.

• Facilitation & ADR (Including broker, sponsor and SEC com-

mission).

Mutual Fund Shares

• Single and range based.

• Multi currency.

Futures

• Index, FX, Bond and Equity Futures.

• Local conventions support like TIIE, DEUA in Mexico and Bad-

lar, NDF MAE in Argentina.

• Cheapest to Deliver.

Options

• IR, FX, Bond and Equity options.

FX

• FX Spot, FX Forward and NDFs for any currency combination.

Money Markets

• CD, Loans, Call Money.

Repurchase Agreements

• Standard repos with clients and counter parties.

• Collateralized Repos (Single and multiple).

• Equity and Bonds.

Securities Borrow and Lending

• Equity and Bond borrows and lending.

• Fixed rate and/or MTM.

Derivatives

• Index and Cross Currency Swaps, FRAs and OIS.

• Local convention support (e.g., Swaps de TIIE or UDI in Mexico)

and special structures with step-up amortizations

• Asset Forwards (Debt/Equity).

• Swap Trading Calculator (Pricing with interpolated or zero rate

curve with solver for Swap Market Rate, Spread Market Rate

and desired PnL).

• Several algorithmic available for coupons generation (includ-

ing BBG).

OTC Options

• Counter party private options.

• Per contract option exercise.

Complex Derivatives

• Complex Derivatives and Structured Notes modelling and

pricing.

• Corporate/Operational event negotiation and settlement.

• Warrants, TRACS/ETF, REIT Real Estate Investment Trust, CKSs/

Trusts.

Cash and P&L Adjustments

• Payments and receipts on any date in any currency.

• P&L adjustments for charges and commissions.

Multi-Product Collateral Deposits • Collateral deposits in securities or cash.

• For transactions or positions.

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Instrument Templates Configuration In combination with the broad product coverage, the user of Lumina

Treasury can create instrument templates for frequently traded

products following market conventions. Instrument templates

carry all required parameters and default values to identify the

instrument and valuate transactions.

Instrument templates are then directly plugged into trade capture

screens so the user is not required to input every single parame-

ter when capturing the transaction, optimizing input time and

minimizing errors. If the deal involves a non-standard products or a

slight variation over a template, the trade entry screens contains all

necessary fields to change the default values on some fields avoid-

ing mistakes at deal capture.


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Bonds Trade Capture

Swaps Administration Screen

Trade Capture Coverage Lumina Treasury provides multiple trade capture

screens for each of the different family of financial

products. All trade entry screens share a standard

look & feel and usability features while incorporating

product specifics.

Similar functionality to capture booking data,

counter party specifics, fees and general a behav-

ior improves usability and friendliness to the user.

Enhancing product specifics such as instrument

identification, pricing, and days conventions for each

family of products simplifies the input of deals into

the application.

All screens maximize the use of default values and

filtering in order to ease input and minimize capture

errors. Less frequently used fields are moved to ad-

ditional tabs to allow the user to visually identify key

values

All operations integrated into Lumina Treasury,

could be potentially fed from other trade capture

systems (registration systems, market platforms,

etc) by using a Lumina propietary interface (API)

for transactions and instrument (XML).

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Corporate and Operational EventsAdditional screens are available to capture transaction related events as

for example:

• Money market renewals with support for pure cash deals, like deposits

and loans, or collateralized transactions like repos and rentals.

• Cancellation (early maturity) of money market transactions.

• ADR/Share conversion.

• Manual re-fixing override of indexed products. Re-fixing of transactions

is done automatically at maturity with the possibility to override

calculated figures.

• Automatic portfolio funding.

• Option Exercise.

• Swaps unwinds.

• Forward Cancellations Delivery.

ADR/Share Conversion Screen

Core Portfolio Management Tools

Lumina Treasury provides four main types of portfolio management tools:

Exposure-Inventory, Risk, Liquidity-Cash and PnL.

Portfolio management tools can be utilized in any portfolio or group of port-

folios independently of who is the effective investor (E.g.. own portfolios, client

portfolios, an investment fund, etc.). This means that management tools can be

used either by the trader, the private banker or the fund manager for the risk

control of the portfolio.

Books and Booking groups

The books and booking group functionality enables the structuring of the own

portfolios.

Each books acts as a virtual container of positions that will later be used for

reporting purposes.

Besides the books, the booking groups functionality allows the configuration of

hierarchies, giving a more flexible solution and simplicity for the report generation.

It is also possible to incorporate Virtual Books for simulations.

Pre-Trading Workflow

Transactions captured in Lumina are eventually exposed to a Pre-Trading Workflow demanding validation, confirmation and approval before

transferring to Middle Office. However, deals under this workflow are available for Risk & PnL calculation conveniently.

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Analytical Reports

• Asset Inventory

- Provides the nominal position (Lineal and non-linal) on each asset on the portfolio with its main characteristics.

- Options and futures management showing both nominal positions (Traded contracts) and underlying position equivalents.

- The report provides Greeks, Debt Analytics and Credit exposure in terms of issuers and counterparties.

- It incorporates a money-market consolidation picture to measure the position and pnl of listed instruments and its collateralized

operations (Repos/rentals), reporting the trading WAP price associated.

• Liquidity and Cash Management

- A consolidated cash balance in each currency and the expected projected flows in the future, using a layout curve when desired (Gap

Analysis), including real and synthetic (Derivatives) positions.

- Projections include all financial product cash events as coupon payments and debt maturities, fixed or estimated.

- It is possible to stress the portfolio under a given scenario to visualize the impact on the above figures.

• Currency Exposure

- Lineal and Non-Lineal MTM for every currency, proyected through layout curves.

• Investment Portfolio Return (Performance)

- Portfolio Performance by dates ranges, measuring the constribution per instrument and including the daily evolution.

- Minimum Risk Portfolio and Efficient Portfolios.

• Asset oriented reports contain analytics as duration, YTM and spreads among others used for debt oriented portfolios.

• FX / FWD Inventory including Greeks.

• Futures and Options Inventory with FIFO PnL.

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P&L Management

Lumina Treasury calculates P&L at transaction and position level supporting several valuation methodologies even Latin America local

specific ones.

Different sources of markets environment can be configured for each instrument and portfolio to accommodate to different busi-

ness needs.

A variety of calculations takes place on-line with breakdowns ranging from the business and product origin to the risk factor P&L

explain.

• Figures can be broken down by several aspects:

- Business hierarchy P&L: provides the P&L of the portfolio and the subtotals for each layer of the business structure defined in

the system

- Investment P&L: provides the P&L at product and instrument level in each portfolio or group of portfolios.

- Time break P&L: provides P&L daily, month to data, year to date and inception to date

- Sales P&L: provides the P&L at trade level as the result of the quotes difference between the price/rate levels traded to clients and

the one traded by the treasury

- High Level PnL: fast performance report for high volume of position and transactions, summarizing all temporal PnL figures at

Book and Product level.

• Lumina Treasury’s calculation engine splits the P&L in all its risk factors for every position/transaction. The split is divided in time

P&L (carry), price/rate movement P&L, new deals P&L, FX P&L and amendments P&L This view gives the user a detailed explanation

of causes of a P&L movement.

PnL report can be executed in real-time for previous dates, allowing back-value events and its operational impact being applied

without manual adjustments.


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Value at Risk (VaR)Lumina Treasury incorporates the ability to generate real time VaR report by historical simulation, Back Testing and Stress Scenario. Value at Risk

can be calculated reporting:

• Portfolio VaR.

• Individual VaR and Marginal VaR.

• Breakdown by Book or Primitive Risk Factor.

Lumina can be used as a centralized repository for calculation of VaR, taking positions from another source, and calculing the VaR in real time, both for

regulatory reporting or limits’ controls, for example.

Parameterization

VaR calculation requires a number of definition to be established in terms of the Risk Map: currencies, indices, instruments and curves are sum-

med up into the VaR map as “Primitive Risk Factors”.

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VaR Reports

This module is capable of generating VaR reports with different criteria based on the previously defined parameters. Each report can be viewed

using different layouts defined by each user. These views will be defined as per each user’s need.

In this way, the user will be able to validate not

only the totals per grouping criteria, but also

the detail enclosed is those groups.

The information can be reviewed using the drill down function in

order to check summary totals as well as the analytic information

for each report.

This analytic information is very important, because the totals calcu-

lation is not a direct arithmetic sum of the components.

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Back Testing

The module is capable of generating Back Testing reports, which will expose the

effectiveness of the previous VaR figures already calculated.

These reports will used the previously calculated figures and compare them to

the actual figures calculated using the market data input in the application.

The difference between the figures will denote any deviation and the reports

will highlight those outside the confidence levels.

Stress Testing

The Stress Testing functionality allows the user to tweak certain market indicators in order to analyze the impact in porfolio reports. Those scenarios can

be a percentual or absolute impact on the primitive risk factor, using current market snapshot or best/worst ocurrence in the system history. Thus, LT

obtains a complete revaluation of the portfolio visualizing the impact on MtM and liquidity (both real and projected) as the result of the apllied scenario.

Any primary risk factor can be tweaked: curves, indexes, market prices and exchange rates.

Using this feature, the user will be able to generate alternatives market realms that applied to the VaR reports, will denote any potential problems.

This tool is extremely helpful for users that are able to predict market changes and need to analyze the impact those market changes will have on the

managed portfolios.

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Risk and Exposure Management

Risk and Exposure management constitutes one of the most important tools for the portfolio managers to maximize the performance of

their investments while keeping risks in a controlled environment.

Several types of risks can be monitored from Lumina Treasury at a portfolio or business level as follows:

Financial Risk Factors

• Currency exposure:

- Calculates the actual position in each of the currencies where

a portfolio is invested directly via assets or FX derivatives.

- Provides equivalent currency delta position, Gamma and

Vega (exposure to FX volatility).

• Interest Rate exposure

- Lumina Treasury calculates the price value of a basis point for

every position in the portfolio.

- The calculation is performed using scenario simulation on

each point of the curve reporting all partial durations.

- Curve risk management is performed at pillar level; reporting

DV01 at original curve structure or in a standard curve layout

using weighted-distance risk allocation.

• Asset exposure

- Provides price delta and equivalents for futures and options

on assets and the price Gamma and Vega.

Credit/Market Debt Durations split

• Lumina Treasury computes both credit and market durations

separating the credit from

the market risk for all debt

instruments.

The functionality is available

for plain vanilla and local

products and is configurable

by the user at instrument

level.

Re-fixing Risk

• Provides the exposure on an index used to re-fix a coupon or

other element of the system.

VaR

• Value at Risk calculation and monitoring on any portfolio

following the historic methodology.


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Performance Tool

Any investment Portfolio Manager will require a set of tools for measuring the performance of a given portfolio. To support these needs

Lumina Treasury performs a set of complex analytics that can be applied to fund portfolios, client portfolios and own portfolios as well.

The performance analytics toolset contain:

• Accumulated and Annualized yield for customized periods.

• Volatility.

• Daily portfolio valuation with incoming and outgoing cash flows.

• Historical yield of closing months and years.

• Performance-Risk analysis.

• Best & Worst historical months.

• Patrimonial and yield evolution.

• Customized and standard reporting period of analysis.

• Back-value date reports.

• Benchmarks comparison and analytics (Sharpe).

• Risk free investment comparison and analytics.

• Asset allocation and portfolio composition.

• Comparison of volatility and yield against an index.

• Sharpe ratio and Beta by sector.

Examples of the reports generated

include:

• Portfolio investment composition:

shows the percentage of investment

expressed in market value for each of

the assets of the portfolio.

• Performance metrics: reports the daily,

month to date and inception to date

performance of the portfolio and the

contribution of each asset

• Performance volatility and risk/perfor-

mance ratio and comparison to market

benchmarks


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Limits

Lumina Treasury is able to perform an online exposure validation when capturing trades (ex ante). This validation can be configured just as an alarm

raiser or if needed, to prevent the trade from being captured. Any trades generating limit excesses can be monitored and approved in order to let

them continue with the operational workflow.

Additionally, Lumina Treasury incorporates most of its front office analytics to be defined in ex-post limits, including a number of defined combina-

tions. Thus, it is possible to define ex-post limites (warned post trade-capture) for MTD, ITD, IDA, YTD PnL, MtM (lineal and derivatives), 1-Day VaR,

Mod Duration, Delta, MTD PnL + 1-D VaR, etc.

For instance, when using this functionality to

control trading limits, several different expo-

sure lines can be configured:

• Local FX limits

• Daily and monthly limits based on the

amount of money operated.

• Mark to Market limits

• For various products updated online

when capturing trades.

• NDF limits

• FX limits for non deliverable forwards

based on the potential exchange rate

refix.

• Loans, Calls, etc. limits

• For any product combination.

• Using or not trades’ collateral.

• Net or absolute exposure.

• MtM (exposure) Limit for a counterparty or

debt issuer.

• MtD PnL Limit for a given set of traders.

• Duration Limit for all the portfolios in the

business.

• Liquidity Limit: Liquidity GAP for asset and

liabilities for a given tenor (e.g. 3M).

• Other Limites: DTM/Maximum Tenor, MTM

ex ante & ex post, Credit Potential Exposure,

Minimum Spread, Off Market Rate.

Limits can be defined for:

• Economic Groups.

• Clients/Counterparties.

• Books/Traders.

• Booking Groups/Portfolios.

They can be declared for the whole universe or

just for particular cases.

It is possible to indicate the applicability in terms

of products, percentages, issuers, currencies and

specific deal details (Sign, collaterals, etc).

Limits Editor

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Operational control

Lumina Treasury assists operation areas and internal audit to control trading activity providing reports that cover the trading support teams’

requirements.

Available reports can be grouped in:

• Activity Reports. Focused on transactional activity:

- Daily Activity: Provides details of every new transaction, amendment and cancellation that took place in a given period. The report

lists all events, the user that executed them, a timestamp and changes that were made.

- Flexible blotter: Enables the user to perform flexible queries to find any type of transaction in the system.

- Deal Detail: provides all information related to a single deal listing the transactional data and the forecast of cash flows.

• Audit Reports: several reports providing user activity in the system including report executions, permissions and changes on main

system entities.

Daily & Flexible Blotter Screen


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ENVIRONMENT CONFIGURATION

Lumina Treasury provides flexibility in the configuration of the environment necessary to support the business. To setup all the system

elements capture screens are grouped by area:

• Business environment: defines the booking and business structures for consolidation.

• Market environment: defines the product, instrument, market and valuation conventions for every financial products.

• User environment: defines user roles, access and permissions to the different system elements.

Business Environment Configuration

The configuration of the business environment allows users to customize the system in order to adapt it to each particular busi-

ness structure. Both internal and client portfolios can be grouped in business areas and organized in hierarchies as complex as required.

Products and instruments can also be classified and grouped utilizing a variety of criteria.

The setup of the business environment can be then applied to any application report or query providing the user with results and figures

that go from a high level consolidated view to detailed information by drilling down on figures.

Some of the main definition screens are:

• Portfolio, desks and entity.

• Business portfolio structure.

• Products and instruments (Fixed income, equity, futures and options, etc.).

• Product type structure (Asset class and asset type user classification).

• Market aspects (Indices, calendars, markets).

• Currency, curve and index.

• Client data.

• Commercial/Business hierarchy.

Book and Booking Group Editors.

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Configuración de Curva Standard Money Markets & Swap

ENVIRONMENT CONFIGURATION

User Environment

The system is based on user/role model access grants where

each user is associated to roles and the roles are used to grant

access to business functions.

The permission system is bi-dimensional where administrators

can grant access to functional elements (i.e. trade capture) and

data element (an entity, a portfolio, or a curve) providing

maximum control and security.

In addition to this, several reports are provided to list user access

to the system, operations performed and changes applied to

any system entity. All audit entries are recorded online.

Batch Reporting Module

This module enables the user to configure a set of reports with

its own parameters for execution at a certain time of the day.

The system then will automatically generate the reports and

store them in a predefined shared place or e-mail them to a

given account.

Market Environment Configuration

Market environments can be utilized as a way to valuate a complete portfolio or group of them under different perspectives of the market.

As an example, portfolios can be valuated either using Bloomberg or Reuters as sources of market data or under official bank market

data. A good management of the market environment enables traders to handle different market data scenarios to better control their

risks.

Screens used to define the market environment include:

• Currency rates

- Support for multiple closing rates for a single currency, enabling different portfolios to revaluate at different closing levels if

desired.

- Inflation currency support with automatic settlement in payable currency.

• Curve rates

- Support for both standard and local LA benchmark conventions (i.e. TIIE curve).

- Soporte Curvas Sintéticas (BASE + BASIS) / Synthetic Curves Support (BASE + BASIS).

• Market prices

- Support for specific quote convention, quotes on yield, spread, and nominal/residual.

- Support for multiple prices for a single instrument which enables the user to price the same asset for different regulations i.e. same

bond priced differently in a client portfolio and in an internal regulated fund.

- All market data can be easily uploaded in the system from various sources, like MS Excel®, data providers (e.g., Reuters, Bloomberg),

etc.

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TECHNICAL ASPECTS

Integration EasinessThe system has a standard API for capturing most system elements in-

cluding:

• Transactions

• Instruments

• Clients

• Portfolios

• Market Prices and Coupons (Structured & Non Structured)

The API is prepared to define interface schedules, facilitate internal to

external elements mapping and provide automatic e-mail notification

on failure events. This API can be easily adapted to most technical transfer

mechanisms. It also imports Market Prices and Coupons (Structured & Non

Structured)

LT incorporates an API for automatic reconciliation of:

• Source System multi-purpose messages (transactions, prices,

instruments)

• Transactions

• Positions

By using a number of automatic tasks and email notifications, it is pos-

sible to monitor all connectivity interfaces with source systems, ensuring

information completness.

Processes • Report Batch Execution.

• Customized Scheduled Tasks.

• Process monitoring.

• Maker & Checker for complex structures.

(contracts, settlement instructions, account, etc),

including Dual Control and e-mailing.

• End of Day Batch Processes for Areas (front, middle, back, and

accounting) with padlocks and controls.

• Tasks’ Preconditions for controlling dependencies.

• Report Asynchrony Execution with alarm notification.

Closing and Scheduled Task Flexibility:• Standard Task Inventory

• Dynamic Task per Legal Entity

• Ability for Task Cancellations

• Import/Export Task among environment

UsabilityIn Lumina Treasury every single screen of the application has a variety of tools to enhance usability of the system simplifying user tasks in the system.

• All maintenance screens provide MS Excel® export in native format, direct print in MS Excel® format, and a ‘Find’ tool to quickly search for

specific elements.

• Column ordering and filtering by partial keyboards is also available in all maintenance screen.

• Reports present specific filters on a collapsible left panel and are provided

both in listed format or in drill-down layouts that let the user navigate them.

• All reports can be exported to MS Excel® in native format preserving

the layout, format, and grid feature.

Task Launcher Editor Screen

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All the reports can be exported to Excel® included the design and the format

TECHNICAL ASPECTS

Reports present specific filters on a collapsible left panel and are

provided both in listed format or in drill-down layouts that let

the user navigate them

Portfolio Investory Business Level Report

Portfolio Investory Business Level Report exported as an Excel® file

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• Configurable pivot grids give the user the ability to define its own preferred layouts and to store them for future use. These layouts can

be shared with other users as well to browse other businesses information with the same data format

• The pivot grids allow a user to add/remove fields, change grouping order by row or column and even view different content in the

report by simply dragging and dropping the different fields from the right panel. All row and column categories can be sorted or filtered

individually.

TECHNICAL ASPECTS

DataSetsLumina provides a feature denominated DataSets as a parameterized mechanism for extracting date from the DB in order to construct

interfaces, reports or plain data. By using DataSets it is possible to build sophisticated processes for extracting or converting information

from Lumina with the following advantages:

• No extra cost to build interfaces inside Lumina.

• Lack of vendor dependency to new interfaces o data conversions.

• No need for upgrading system version.

• Users can design their own reports and incorporate them to the system.

Data ConversionData Conversion feature in Lumina

provides the ability to import and

export to MS Excel all the information

related to different business entities

in the system (accounts, contracts,

instruments, books, market data, etc.).

DC are particularly useful for initial

uploading and setup of the application

as well as for migrating info between

different environments and

pre-built test cases.

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TECHNICAL ASPECTS

Validation Chains – Pre-Trade Checks

Lumina incorporates validation chains to events related to orders and transactions, which determine the behavior of catch report-

ing error, exception or warning.

Pre-Trade Checks – Orders

Pre-Trade Checks – Transactions

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TECHNICAL ASPECTS

View administration in spreadsheet like ViewsViews can be customized inside Lumina Treasury for any spreadsheet like view. The customizing includes reordering columns and hiding

them, customizing the view to the user’s need.

Once the customizing is done, the user can save this new layout.In this way, the user can customize the same monitor with different information based on his/her needs and depending on the tasks he/

she wants to perform.

Many views can exist on the same spreadsheet like view within Lumina and for the same user. All these views are private to the user who

created them, but having the possibility to publish them and make them available to other users.

The customizing of views also include options like defining a view a the default view and auto re sizing columns.

Data WarehouseLumina Treasury incorporates a warehouse which acts as a general repository for storing and flattening information from the system to

be consumed by external interfaces. Entities can consume that information based on a simplified view of the Lumina data model, where

main system components are stored. The module also allows the use of a historic paralell database as well as clean-up processes and

permanent consolidation.

Webservices Lumina incorporates Webservices for business components integration. The API allows both the exchange of business information as

well as the Lumina platform use cases execution. In addition, the framework allows an easy mechanism to extend new webservices.

Among other uses, it simplifies the integration with financial institution web portal as a mechanism to publish/receive order and report

balances and pre-trade checks, for both OTC and Quoted instruments.

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TECHNICAL ASPECTS

RTAThis module enables the automatic execution of use cases (Or test cases) for the main functionalities of the system, by using specific MS

Excel spreadsheets with the use case configuration. It simulates the use of the system by running daily activities. Outputs (Report, text files,

and queries) are validated and compared against a number of expected baseline results (Including performance). RTA is used intensively

in Regression Test processes.

Process Monitor• Centralized and real time monitoring of processes in execution.

• Dynamic administration of execution threads.

• Task distribution in different nodes.

• Distribuir tareas entre diferentes nodos.

• Multiples schemas for associating task to processes.

Model Bank Lumina Model Bank is a pilot installation of Lumina suite configured to cover all the common functionality provided by all possible product

installations Lumina. This configuration can be taken as a basis for the following activities:

• Preliminary Projects / Requirements Analysis.

• Early Installation (initial) in Client.

• Development and Unit Testing.

• Regression Testing.

• Pre-Sales / Demonstrations.

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OUR COMPANY

Lumina Americas is a regional consulting and technology service company based in Latin America with offices in Argentina, Mexico and a representation in Spain.With more than 14 years of experience developing solutions for the Financial Services

Industry in Latin America, we develop mission critical software solutions to help our clients

build and support their high-performance businesses.

Lumina was formed as a spin-off of regional application development team of JPMorgan

Chase Bank (April 2001)

More than 100 professionals with extensive technical and financial experience

Strong team-work and collaboration culture with more than 10 years working together

Owned and existing solutions for serving the financial market

Software Components and Frameworks

Advance CMM practices

Combination of resources for the whole life-cycle of software projects

Top 40 Argentinean Companies in quality of labor environment

“Proven experience developing, implementing and supporting

mission critical financial systems”

Application Development – Customized Projects

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OFICINASBuenos Aires:

Av. Pueyrredón 2446, 7ºpiso

C1119ACU - Buenos Aires, Argentina

Tel:. +54 (11) 4131-8500

Fax: +54 (11) 4131-8539

México:

Sierra Candela 111, of 412 (11000)

Col Lomas de Chapultepec, CDMX.

Tel: +52 (55) 5985-0559/7453

e-mail: [email protected]

Representación Comercial en España

Tel.: +34 618191694

e-mail: [email protected]

Visit our website: http://www.luminaamericas.com

Sales, Implementation and Integration

System Integrations

Technology Consulting

CLIENTES

• JPMorgan Chase

• Credit Suisse

• HSBC

• UBS

• Deutsche Bank

• Banco Voii

• Intercam Casa de Bolsa

• Barclays

• Actinver

• Grupo Financiero Intercam

• Grupo Financiero Ixe-

Banorte

• BTG Pactual

• Akaan Casa de Bolsa

• Grupo Financiero Multiva

• Grupo Financiero BanRegio

• Altor Casa de Bolsa

• Kuspit Casa de Bolsa

• Banco Base

• BHD León

• Bursamétrica

• Sura

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