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.