the ALADSYS.Securities™ system the recording
is done using the two cards of accounts – in cash and in
securities. The system can provide information on the current
location of securities and cash assets, on debts and receivables,
and on the current and expected settlements.
The recording can be done for several companies, each of
which can have their clients. Within the dealer’s and client
portfolios there are sections for which one can use different
write-off methods (LIFO, FIFO, weighted average). In addition,
one can use special methods such as the selected batch method
and REPO method.
The system supports operations with stocks, bonds, promissory
notes, derivatives and other financial instruments. The
client orders and their execution are recorded. The system
supports organized exchange transactions and over-the-counter
transactions, as well as transactions done via the external
broker. It supports transactions of buying, selling, barter
trade, REPO and reverse REPO.
The import methods allow the import of transactions from
the exchange listings of MICEX, MSE, SPCEX, as well as the
import of transactions of RTS and the Stock Exchange “St-Peterburg”
from the Electronic Document Center system
For over-the-counter transactions the system traces the
process of the transaction conclusion and settlement, with
the possibility of partial payments and deliveries. The
systems supports stock conversions, stock splits and consolidation,
income payment in the form of securities, dividend disbursement,
redemption of securities and coupon payments with various
payment schemes, interest rates accruals on deposits, coupons,
promissory notes. The system supports operations with securities
denominated in foreign currency and their revaluation by
market quotes (marking to market).
The system can calculate the service commissions and expense
reimbursements on the basis of the price-lists – both separately
for each transaction (on-line) and in aggregation for a
period; it can also allocate expenses by investor and by
The system can produce the reports on actual and planned
cash flow and securities flow, as well as on the proprietary
and client current portfolio balances with the estimation
of their current value.
For these current value estimations the system uses market
quotes that can be imported from files coming from different
exchanges. The system supports value estimations with different
sets of quotes for different types of portfolios (mutual
funds), non-governmental pension funds, the Pension
Fund of Russian Federation). The system supports aggregated
reporting in accordance with the Statement ¹33 by the Federal
Securities Market Commission, with the possibility of
input into the FFMS electronic questionnaire.
is a special module that allows the brokers to render the
service of giving to their clients marginal trading loans.
The system allows to trace the coefficients of the margin
levels after the operation and to perform automatic generation
of credit or repo operations on the basis of the trade session
results. There is automatic creation of margin calls, and
the forced closing of positions is also automated.
The system can be integrated with various e-trade software
(NetInvestor, Quick) and trade terminals (RTS-Plaza) – both
on-line (i.e. update after each trade and each new quote)
and off-line (import of transactions and export of positions
into the e-trade system).
For the companies that perform trust management there are
Reports on the asset structure and on the deviations of
the asset structure from the legal requirements and standards.
For a brokerage firm that offers its clients the services of a depository there is a possibility
of using the integrated solution ALADSYS.Securities™/
which integrates the back-office and depositary recording into a single system, which allows to create a
unified environment and thus to ensure the on-line interaction between the back-office and the depository.
This system includes the automated creation of orders by the results of the trading session, the sending
of orders created in the back-office that are related to the over-the-counter transactions and asset
depositing or withdrawal to the depository, the tracing of settlement, and automated recording of the
results in the accounting system and in the back-office depositary recording systems.
For organizing electronic document flow between the systems
based on ALADSYS.SQL™ and external systems
one can use ether a simple import-export or a message flow
based on the system ALADSYS.Message.
the basis of ALADSYS.Message we have developed a two-way
exchange of SWIFT-like messages with the Depositary Clearing
Company (which is integrated into the system DCC-Client)
and with the Electronic Document Center of RTS (integrated
Client of TsED-RTS).
We have organized the message flow for SWIFT messages of
the standard ISO 15002, which allows the integration into
international settlement systems. Such messages include
depositary and payment instructions, as well as the receiving
of account statements with the possibility of automated
system allows doing accounting for the proprietary and the
client (i.e. trust management) operations on the basis of
the documents of back-office recording system – with the
subsequent import into the external accounting software.
We have accumulated vast experience in the interaction with
a number of standard accounting software packages. Companies
working with individuals may be interested in getting the
Tax Agent’s module and the Tax Reporting module with the
possibility of saving the 2-NDFL reports in the electronic
format of the “Taxpayer” system using the address classifier
is possible to set up the management accounting of the financial
activities of a group of companies which includes the head
office, branches and subsidiaries. We have experience in
setting up such a single management accounting system for
a group of companies of different jurisdictions.
Analysts and portfolio managers may find useful the possibility
of splitting the portfolio by manager (trader) and keeping
track of all managers’ portfolios separately. They may also
be interested in the Analytics modules allowing analytics
by type of investment, industry and sub-industry in accordance
with a set-up structure and on-line portfolio monitoring.
securities market participants are legal entities,
including credit organizations, or the individuals (physical
persons) registered as the individual entrepreneurs that
have licenses for the activities related to Russian securities
markets (the types of such activities are listed in the
Chapter 2 of the Federal law of 22.04.1996 ¹39-FZ "On
the Securities Market").
Investment Fund (PIF) – is the instrument of
collective investment in Russia that allows investors
to combine their savings and invest them under the management
of a professional management company. Functionally, unit
investment funds in Russia are similar to mutual funds
in the USA, but their legal status and regulation are
somewhat different. One of the important differences is
that the US mutual funds are forced by law to make distributions
(they have to distribute at least 90% of their realized
capital gains and dividend income each year), whereas
the Russian PIFs don’t have to make any distributions.
The “shares” of PIFs are called units, and the investors
are referred to as unit-holders.
(the National Association of Stock Market Participants)
is a self-regulatory organization established in 1995 and
composed of professional securities market participants.
Document Center system (TsED) is the system of
electronic confirmation of trades that are concluded by
the market participants (also called Market side electronic
trade confirmation). In the system the contracts are signed
by digital signature.
Federal Financial Markets Service (FFMS) is the
federal executive body that controls and supervises activity
in the financial markets, including the activity of exchanges,
and issues the relevant regulations. It also regulates the
investment of pension savings.
Securities Market Commission is the federal executive
body that supervised the activity in the financial market
and issued the relevant regulation before the creation
of the Federal Financial Markets Service (FFMS), which
is now responsible for these functions.