01 Apr 2024

CS Company is pleased to announce the successful completion of the development of the new subsystem "Securities Brokerage Operations," which automates key processes in brokerage activities.

Who Needs The New Features? 

With technology advancing and the securities market expanding, old-school accounting methods are quickly becoming relics of the past. Imagine a trading floor where traders are yelling over each other, trying to buy or sell bonds. This image seems out of place in our digital age. Likewise, traditional accounting methods, unable to keep up with the vast volume of transactions and the fast pace of the securities market, are now seen as outdated. 

Banks that offer brokerage services need modern, automated tools to streamline these processes. Our "Securities Brokerage Operations" subsystem for CBS B2 is designed to do just that, providing efficient and accurate customer service while optimizing the bank's operational efficiency.

Key Subsystem Features:

• Forming a brokerage agreement. The subsystem automates the agreement drafting process using client information from the CBS B2 database, simplifying the process and reducing the likelihood of errors.

• Client securities transaction request. The system captures and displays the parameters of a client's order for selling or buying securities — both as expected by the client and as actual outcomes upon order execution.

• Automated calculation of estimated commission amounts for brokerage operations. This feature clearly defines the amount of funds a client needs to transfer to their brokerage account for the bank to execute the operation.

• Client portfolio management. The system allows for real-time updates of a client’s portfolio status, including displaying transactions for buying and selling securities and bond redemptions. A unique aspect is that the bank acts as an intermediary in the process of transferring coupon incomes from the National Bank or National Depository to client accounts, ensuring efficient and transparent interaction between all parties. Commission charges for transactions are also automated, providing additional control and transparency to brokerage activities.

• Automation of subscription fees and commissions. Simplifying the accounting and collection of payments for brokerage services through an automated system reduces administrative costs and errors. Special attention should be given to the system’s ability to automate the payment of commissions to third parties. This functionality simplifies settlements between banks, exchanges, and regulatory bodies, including national securities commissions and depositories.

What Benefits Do Banks Gain from Implementation?

Banks receive a system that significantly accelerates brokerage business processes, from forming agreements to calculating commissions. The automation of complex processes allows for a more efficient redistribution of resources and reduces the risk of errors. Integration with other banking data about clients for gathering information on counterparties and their current accounts speeds up operations, while an intuitive interface greatly simplifies monitoring the status of a client's portfolio. 

Utilizing the "Securities Brokerage Operations" subsystem in CBS B2 not only enhances the quality of brokerage services but also strengthens client trust through transparency and reliability in investment management.

For additional information about the "Securities Brokerage Operations" solution and other products, please send your inquiries to: [email protected]