Skip to Main Content
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).

Users will receive weekly email updates that highlight new activity. Users will receive emails for their created ideas when:

  • Status changes

  • Comment changes

Be aware that when you post content, other community members will see your name. FIS is not responsible for content posted by other Aha! Ideas Portal Users.


Status Future consideration
Categories Requests
Created by Joseph Louis
Created on Apr 26, 2021

Add Business Day Conventions fields to Deals page or Refresh Option

Currently, the Business Day Conventions fields are available on MM/Sec deals page when the formula = Yield Periodic only. Client has requested these be made available for all Formulas

The issue is when the deal was originally created, there was a mistake on one of the financial related fields on the instrument, however it wasn't noticed immediately until some time after the deal save. If the incorrect setting is on the deal itself, for example the income day count convention, then they would reset the deal, make the change and resave the deal. However, there are number of financial related fields that are on the instrument but not available to change on the deal, for example Business Day Conventions. In that situation, they are forced to delete the deal (and mirrored deal), correct the instrument level fields, create a new deal using the update instrument and save. This results in a new deal number, which has other downstream issues, particularly on reporting, hedge accounting and also external reporting.

I see two possible options:

  1. For GE, the ideal solution would allow them to redefault the instrument setup on a live deal. They understand that this would rebuild the deal map and reverse all GLs, however this option works for them as it allows them to retain the same deal number after the instrument has been corrected and resaved. I'm thinking a new menu item would be required, that becomes available when a deal is reset, called "Refresh deal" or similar. I also think this option may have the least impact on Analytics.

  2. If the above requires a lot of dev time, then at the minimum they would like to see the Business Day Conventions fields made available for all MM/Sec formula types. Currently these fields are only available for the Yield-Periodic formula. However, I think this option may have a larger impact on Analytics.

  • Attach files
  • Admin
    Mark Zumbraegel
    Reply
    |
    Jun 17, 2021

    What is required is for a spike to be done on this to determine the dev effort involved in the two possible options

    1. Ability to perform a refresh on a live deal

    2. Expose the Business Day Convention fields for all MM/Sec formulas

1 MERGED

Modify security deals to have Business day convention fields and logic at deals level instead of defaulting from instrument level

Merged
MOD REQUEST: Add Business day convention fields (Calculation date and Payment Date) for securities to the Other detail tab on deals similar to Days convention instead of default at instrument level, so the derived default from instrument can be ch...
Vandana Krishnamohan 6 months ago in  1 Future consideration