The module is an upgrade of the interest rate swaps module (it retains the functionality of the module regarding the input and use of the amortization schedule).

Software support enables:

  • buying and selling of option,
  • swaption type: Call or Put,
  • contracting of transactions with banks or legal persons,
  • input and bookkeeping of contract premium,
  • input and authorization of execution (possibility of four eyes control),
  • authorization of master data (possibility of four eyes control),
  • settlement supported by direct bookkeeping into current account transactions (execution and settlement of premium) through domestic payment transactions; for other cases reconciliation of claims and liabilities with bookkeeping into / from transitional account is enabled,
  • bookkeeping of exchange rate differences for transactions in foreign currencies and transactions with a currency clause,
  • monthly evaluation at a fair value is executed outside of HIBIS,
  • only evaluation values are inputted into the latter,
  • automatic bookkeeping of business events within daily processing.