First, the use of capital trading system in banks
Banks have deposit accounts and trading accounts, and the fund trading system is used to handle trading accounts.
1. In our bank, some of our businesses are as follows:
① Money market
At present, the domestic money market mainly includes treasury bonds, financial bonds, central bank bills, AAA corporate bonds and other short-term bonds. And some foreign short-term anonymous short-term time deposits can also be traded in the capital market, which is also a trading variety in the money market.
② Securities
For investment purposes, the term exceeds one year.
③ Deposits and loans
Deposit and loan transactions in the internal capital market of financial companies.
④ foreign exchange
Generally speaking, foreign exchange trading on behalf of customers is completed by the fund trading system. Generally speaking, in China, selling foreign exchange on behalf of customers refers to the enterprise part, and private foreign exchange trading is completed through the foreign exchange treasure system.
⑤ Financial derivatives
Forward interest rate agreement
Upper and lower interest rate options
Swap (interest rate swap, currency swap)
Other financial futures
2. The composition of the fund trading system and the functions of each part.
Generally speaking, there is a fund trading system, which consists of pre-fund trading, mid-fund trading and background trading.
First, the front desk initiated the fund transaction.
Ⅱ. The intermediate station completes the following work
I. Transaction Risk Analysis
① Credit risk analysis: In some OTC transactions of financial futures, there will be credit risk.
② Market risk analysis, mainly interest rate risk and exchange rate risk.
③ Portfolio analysis shows that portfolio can reduce investment risk.
Second, interact with the core business system, and the core business system completes the accounting treatment.
Iii. the role of fund background
1. Manage capital trading products.
2. The transaction is mainly completed in the capital market.
3. The function of fund trading system in banking business.
(1) For the needs of the bank's own business, banks hold different currencies from different countries, so they need to trade in the foreign exchange market to avoid exchange rate risks and convert one currency into another as needed.
② In a country with a mature capital market, when banks manage their assets and liabilities, they need to trade financial derivatives in the financial derivatives market to hedge the risks faced by banks.
(3) According to the market price (generally provided by Reuters and Bloomberg) and the counterparty's situation, help the bank to analyze the credit risk in the transaction.
④ To meet the needs of bank capital management, the bank's capital has a cost. If banks hold too much capital, there are two ways to deal with it. The first way is to return it to shareholders, and the second way is to make some low-risk investments in the capital market, such as the money market, so that when banks encounter liquidity risks, they can quickly realize cash to meet the needs of customers, and banks can also get benefits from low-risk investments.
3. The application of fund trading system in domestic banks.
1. Capital market conditions
Because the domestic capital market is not very mature, there are bond market, inter-bank foreign exchange market and futures market in China, and there is basically no financial derivatives market. These markets are not fully developed and there is sufficient price competition, so some functions of the capital trading system have not been fully exerted in the use of domestic banks.
2. The use of bank funds trading system at all levels
The accuracy of transaction and risk analysis in capital business is very important. Among the four state-owned banks, some banks even bought several fund trading systems, such as Bank of China, which were mainly used to compare the results of transactions and analysis. The four major banks are relatively perfect in capital transactions, and can conduct foreign capital transactions without enjoying the domestic capital market, such as the foreign exchange transactions of China Bank. Among the few financial derivatives transactions (mainly OTC transactions) in China, the four major banks provide the vast majority (Bank of China is a market maker engaged in OTC transactions), and Bank of China is also a market maker of foreign exchange transactions of domestic banks.
Judging from the use of China Merchants Bank, Shanghai Pudong Development Bank, China Everbright Bank, Zhejiang Commercial Bank and Bank of Beijing in the joint-stock banks, their main transactions in the capital trading system are foreign exchange transactions and some financial derivatives transactions.
Among the customers of city commercial banks, there are Shenzhen Commercial Bank, Hangzhou Commercial Bank and Urumqi Commercial Bank who understand the capital trading system.
3. Use the banking transaction systems of various manufacturers in China.
(1) At present, domestic manufacturers providing fund trading systems are:
Mises (British manufacturer)
Condor (Reuters's system)
Sungard (American manufacturer)
SAP CFM (under the background of capital transaction, SAP cannot provide a complete set of capital transaction solutions, and SAP's capital transaction solutions are more suitable for financial companies).
Summit (an American manufacturer)
②Misys fund trading system Domestic bank customers:
Mises' agent in domestic small and medium-sized banks is mainly Shanghai Yinlide.
There are many successful cases in China, which have been used by industry, agriculture, China, construction, communications, China Merchants Bank, Zheshang, Bank of Beijing, Hangzhou Commercial Bank and Urumqi Commercial Bank.
③Kondor capital trading system Kondor plus domestic bank customers:
Shanghai Pudong Development Bank Development Bank?
Everbright Bank?
The two banks used Reuters Kondor plus before and in China, CFM managed capital products in the background, and Reuters Kondor plus is still used for interaction with the State Administration of Foreign Exchange.
③Sungard
There are few cases in China at present.
④ summit
The Bank of China tried, but was later replaced by Mises.