MASTERFINANCE 14.0

October 2023 THEMA Consulting, the Swiss provider of trading & risk solutions for capital markets and corporate treasuries, is proud to announce the progressive deployment – since July 2023 – of the new MasterFinance 14.0

A trusted Partner

Leveraging its comprehensive cross-asset coverage and advanced risk analytics, the newly launched MF Release 14.0 has been refined to empower clients with complete control over their data while facilitating risk-informed decision-making.
Among these enhancements, the MF WEB Order Management system has broadened its scope to support not just Deposits, but also Deposit Multiflow and Deposit Call Multiflow. Additionally, the White Label workflow has been upgraded to incorporate automated Request-for-Quote (RFQ) capabilities from the 360T platform.
In the realm of instruments coverage, the platform now accommodates Contracts for Difference (CFDs). Furthermore, the accumulator family of products has been enriched with the addition of FX Range Target Payout Forwards and TARFs, now featuring early Termination Triggers enabled by Conditional Counting.
The MF Value at Risk (VaR) service now incorporates Historical Scenario Simulation Methodology, thereby deepening its analytical capabilities. The applied approach involves the construction of simulated scenarios from historical daily variation of the market risk factor. A new analytical view, termed “VaR Detail”, has been added to offer insights at the instrument level.
Advancements in the Credit Risk service feature enhanced netting capabilities, achievable through a strategy-based approach. Additionally, a newly developed engagement calculation method—realized via simulations that account for diverse market shocks—is now applicable to pending orders.
The CSA functionality has been upgraded to offer a seamless, fully integrated solution with Trioptima and ACADIA. This upgrade facilitates the export of Deal and Mark-to-Market (MtM) data while also enabling the import of Initial Margin figures and collateral movements.
The Front Office service now includes value-added features designed to equip the system with a broader range of risk analysis metrics. Meanwhile, the Middle Office service has improved by offering flexible value dates for FX Instruments and an enhanced Deal advice feature.
In the Accounting service, improvements have been made to facilitate the management of hedging methods more effectively for Cross Currency Swaps.
The Market Interface service has been once more broadened to include more standard integrations with market platforms.

Finally, the Back Office service has been strengthened through a new alignment with Trade Repository Regis-TR, ensuring compliance with the Regulatory Fitness and Performance Program (Refit) framework. This new integration includes the capability to reconcile results.
Pierluigi Nasoni, CEO & Chairman of the Board at THEMA Consulting says: “In the midst of persistent geopolitical and economic uncertainties, THEMA has maintained uninterrupted service to our existing clients while concurrently introducing expanded regulatory and market functionalities, all of which are consolidated in our latest MasterFinance 14.0 release. Given the likelihood of emerging challenges confronting financial institutions and corporate treasuries in the foreseeable future, we are confident that THEMA is better positioned than ever to help clients swiftly and effectively adapt their operations, irrespective of their existing operating models.”

Now available on MasterFinance 14.0

INSTRUMENTS (full lifecycle):

• Contract for Difference (CFD) on FX, CMD, EQ, Index and Future
• FX Range Target Payout Forward and TARF
• FX TARF & Pivot with early Termination Trigger via Conditional Counting
• Equity swap Dual Currency
• Energy Power Swap 

ORDERS:

• Platform orders management for:
  • Deposit
  • Deposit Multiflow
  • Deposit Call Multiflow
• Order management extension through Credit Risk, Transparency Info, User Defined Field and Data Warehouse.
• White Label automatic RFQ from the 360T platform

VAR RISK:

• Historical Scenario Simulation Methodology
• VaR Detail view

CREDIT RISK:

• New add-on netting methodology Strategy Based for OTC & ET options
• New add-on netting methodology Underlying Netting Rule for FX OTC instruments
• Worst Case Add-on computation for FX Pending Orders
• Engage Aggregation for Counterparties’ Groups
• Collateral Advice extensions

FRONT & MIDDLE OFFICE:

• FX Position Automatic Hedging
• Flexible Value Date for FX
• Seasonality Estimation for Inflation Linked Instruments
• Deal Advice extensions
• Deposit Swap management extension
• Automatic Info Provider Code generation for securities

LIQUIDITY:

• Additional Liquidity Category

ACCOUNTING:

• New Hedge Accounting model FX Basis Management for CCS

DATA WAREHOUSE:

• Order Management

STANDARD INTEGRATIONS:

• New native integrations with the following market platforms:
  • IRS from Bloomberg Multi Asset
  • IRS to Markit Trade Manager
  • Bond Order from MTS Bond Vision
  • FX from Leonteq
  • FX Block Trades from FXall
• New Regulatory Fitness and performance programme (Refit) integration
• Bidirectional integration with Trioptima and ACADIA for CSA management
• Clearing Broker daily Margin Data & Price Import for cleared IRS available for SOGEN
• Avaloq architecture integration extension for Equity Swap import and IRS / Treasury Forward export