Quantum Ideas Portal
Welcome to the FIS Treasury and Risk Manager - Quantum Edition Aha! Ideas Portal.

By visiting this portal, you will be able to contribute towards the evolution of the Quantum solution through interactions with other Quantum users, FIS trusted partners and FIS staff from around the world. Each Portal User receives 5 votes. Each user is allowed 1 vote per idea. Votes are reset when an idea is in a final state i.e. Shipped (delivered in the product).

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Status Future consideration
Categories Strategic
Created by Mark Forsythe
Created on Feb 7, 2018

RELATED IDEAS

"Spot is Spot" setting in Quantum's Operational Settings

Hundreds and probably thousands of hours have been lost over the years trying to explain/calculate what Quantum does when FX rates are not provided for a given Position/reporting/accounting date (e.g. if rates are provided Monday to Friday but month-end falls on the Saturday or Sunday).  A complex and obscure interpolation/extrapolation calculation is done and the resultant Spot Rate is applied in all Quantum valuation and translation calculations for the reporting date concerned.  When this occurs the forward intervals on the FX record are also found in an equally obscure and questionable way.  

What is needed is a new setting that makes Quantum behave in the same way as Analytics - by bringing through the most recent FX rate record of the Rate Type concerned and taking Spot to be exactly as shown on that record.  

This discrepancy between Quantum and Analytics can also lead to reduced effectiveness and ineffectiveness in hedge accounting calculations.  

Clients (possibly a majority) have responded to this "anomaly" by either running month-ends on a Friday (if it falls on a weekend) or by loading the Friday FX rates again on Saturday and Sunday (and public holidays) or by creating a new Rate Type with no forward points on it.  All introduce significant additional cost and complexity for implementations.  

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