Securities Master File

This module allows the management of all the reference and market securities data, fed from any possible number of internal and external sources and distributed to as many downstream department and IT systems as required.

Every type of financial instruments, even the most complex, can be managed by SmartCo DataHub:

Equities
Bonds
Options
Caps/Floors
Swaps
Futures
Commodities
Indices
Currencies
Cash
Funds
Repo
Credit Derivatives
Mortgages
Structured Products

The high flexibility of the offer allows us and our customers to constantly improve the reference database by adding new instrument types through simple configuration.

Whatever geographical country you address (with its local products and special tax system) and instrument types you are trading (including derivates, exotic options, structured products and asset backed products), SmartCo DataHub will be able to cope with your requirements.

SmartCo DataHub standard data model includes the complete scope of data related to financial instruments:

Identifiers (ISIN, SEDOL, CUSIP, TICKER, RIC, internal codifications)
Reference data (name, country, currency, issuer)
Description data (classifications, reference rate, coupon, options)
Prices (end of day, intra-days, with multiple contributors pricing engine)
Rating (with possibility to create a “consolidated” rating)
Volatility surfaces
Yields and spreads curves
Analytics received from external sources or computed directly in SmartCo DataHub / by calling an external library
Underlying Assets for derivatives or commodities trading (energy, agricultural, metal…)
SPV (for ABS, CDO and other complex products)

In addition, two additional modules, closely related to the security master file, are also proposed to our customers:

Corporate Actions

SmartCo DataHub can not only manage all securities reference and market data, but can also integrate and manage Corporate Actions data.

Corporate Actions Management

Corporate Actions data can be integrated by SmartCo DataHub (including tax classification for EUSD compliance). The information usually comes from vendors such as Telekurs, Bloomberg or Interactive Data, but can also come in specific files or 15022 format from partnering custodian or be added manually.

All standard SDH functions can be used with the corporate actions modules: data quality controls, matching of data between two sources, alerts raising when planned events have not been confirmed, alerts raising when unplanned events have been announced or when a planned event as not been confirmed…

In addition, corporate actions with an impact on reference and market data can be handled directly in SmartCo DataHub, allowing for an easier integration of the data to other systems. Particularly useful in the case of back office applications able to deal with the event, but not able to store simultaneously the ancient and the new data or unable to explain how the data has been calculated.

For fixed rate instruments, a standard cash flow computation engine is provided. It calculates simple accrued interests based on rates value and periodicity.

Impact of corporate events on historical time series (eg: split) or static data (name change, merger) can be automatically applied through pre-configured parameters. According to the event type, the instrument type or to any other criteria, the SmartCo DataHub administrator can create the corresponding processing rules (that can be flagged at the moment the corporate action is received, or later on a predefined scheduled basis).

Here are some examples of events that can be managed in SmartCo DataHub:

Payment:
- Distribution (Dividends, Interests)
- Redemption
- Partial/Early redemption
- Maturity change.

Corporate events:
- Name change
- Merger or Acquisition
- Transformation (Capital Change, Split)
- Quotation suspension.

Indices & Benchmarks

In today’s competitive market, being able to benchmark funds, portfolios or positions requires an important amount of data that SmartCo DataHub can help you manage in a fully automated way.

But, if you need them for more complex reasons, and possibly wish to be able to recalculate them (thus knowing the exact composition of the indice, the weight and price of each element), you will really see the benefit of SmartCo DataHub.

The Indices & Benchmarks module supports any type of indices (bond, commodity, composite, equity, fund, monetary, others) and all of its aspects (identifiers, classification, other characteristics, constituents and weights, valuations). Indices information can come from any generic market data vendors (such as Bloomberg or Reuters), any specialist (eg: MSCI or Facset) or directly from banks (Barclays, Goldman & Sachs and others).

SmartCo DataHub also allows the in-house construction of benchmarks valuated either on demand or on a prefixed basis (every day, week) with their own rebalancing rules. Benchmarks can be composite of other indices (with different available rules for aggregation and filtering) or even baskets of instruments manually selected in the securities master file (even if quoted in different currencies). These benchmarks can be used in SmartCo DataHub as a tool for comparing and calculating performances, and as any other type of data can be exported to external systems, excel files or reports.

The Indices & Benchmarks module includes some very specific and original functions that will save time when required, such as a tool to follow-up all movements of components in the indices under monitoring, or a feature for finding quickly all indices & benchmarks that includes one or several specific securities (therefore allowing simulations on the indices of possible future change on these securities market prices).