Back Office

Sofia is equipped with specific modules for the creation and automatic update of the data references and prices, starting from the receipt of the information from the principle external providers. To lead to system integration, it is also possible to realize ad hoc interfaces with the Data References providing systems of the users, by taking advantage of the feeding logics of the standard import interfaces of Sofia when the formats of data exchange have been previously adapted. An appropriate transitory archive allows the user to certify, for “sensitive” fields, the incoming specification data when it differs from that already entered in Sofia.

Once the agreement of data supply with one or more ratings companies of choice has been underwritten, it is possible to acquire in Sofia the updated rating values at a desired frequency. In this way, the information relating to merit of credit attributed to issuers and to single bond issues, can be automatically updated in a timely manner.

The Treasury module allows to export from Sofia the data relating to cash flows (effective or provisional) to the company’s treasury system. This is aimed to:

• allow a comparison of the transactions contained in Sofia from the treasury system
• enrich the data contained in the treasury system with the future flows contained in Sofia, thus upgrading the capacity of the treasury system to be able to make cash forecasts.

This module allows to export from Sofia all the transactions data to be sent to the custodian bank, thus allowing the custodian bank to compare and validate them. The Swift messaging system, that consents the transmission of standardized and secure financial messages, allows the user to automatically import and export to/from Sofia information concerning, for example, settlement instructions, transaction verification and the reconciliation of securities and current accounts.

The matching module allows the user to manage - directly in Sofia - the reconciliation of current account movements and the balances of the custodians between Sofia and the Bank. The production of a control report can be scheduled downstream the matching's process, or at any time to check the status of transactions.

Sofia is able to communicate with third-party systems via input/output flows or via direct communication protocols. A link can be established through the protocols FTP, MSMQ or internet. Sofia can elaborate several types of files, from the more common formats (xls, xlsx, csv, txt, dba) to more atypical ones, with the aim of importing the trading transactions automatically thus avoiding any manual input on behalf of the user.