luxoft software development

1. For more information about Luxoft, visit
www.luxoft.com
www.luxoft.com/financial-services/
case study
Total Return Swaps (TRS)
Management System
Summary
13.09.2012
Develop an application that supports Total Return Swap (TRS) contract
management with price calculation, tracking, analysis metrics, configuration
and reporting.
uu Client: A top ten global investment bank
uu Business Area: Prime services, middle office, front office
uu Asset Classes: Equities, Equity Derivatives, FI Derivatives, Loans
uu Technology Set: Oracle, J2EE, Spring, Struts, Jasper Reports, Oracle
Reports, Groovy
uu Integration: Misys LoanIQ, Bank-wide Prime Brokerage system,
FX data provider
uu User Profile: Synthetic Equity, Trading/TRS, Structured Credit Finance,
Prime Brokerage, Alternative Asset Financing departments (100+ users)
uu Geography: US and UK
uu Relationships Status: Ongoing ODC, T&M
uu Services Provided: Development Q/A Team
uu Team Size: Up to 5 team members
uu Duration: 5+ years

2. Business Challenge
Luxoft Delivered Solution
A top ten global investment bank needed to transform its existing TRS
management system to comply with new business requirements and to
take advantage of the latest technical innovations.
In addition to managing the contract specifications, the system had to fulfill
the following functional and technical requirements:
1. Real-time access to market and credit risk data
2. Track reference rates, reference assets, capital gains and losses, and
structured transactions
3. Maintain audit data such as source, status and other characteristics of
the swap transaction
4. Provide both pre-defined and ad-hoc reporting
5. Migrate to a web-based technical platform
The small team of Luxoft developers successfully redesigned the existing
system, providing a highly adaptable architecture that would support
rapidly changing business needs. In addition, short development iterations
allowed quick, early deployment of the most urgent business functionality.
Luxoft’s engineers developed solid architectural and technical solutions that
maintained the system reliability throughout continuous enhancements.
The key features of the new system include:
A flexible architecture that facilitates rapid development of new and
updated business lines
uu A dedicated reporting subsystem with customizable scheduling and
delivery capabilities
uu Support for multiple format sets in the inbound data feeds
uu Advanced batch data processing components that execute the complex
business logic required for processing total return swap
uu A J2EE, web-based user interface
uu A robust security subsystem to authenticate and authorize users who
access the system via public internet channels
02Luxoft - Case Study

3. Figure 1:
TRS System
Architecture Benefits
03Luxoft - Case Study
Benefits
Customer Feedback
With Luxoft’s technical expertise and advanced business domain
knowledge, the client realized the following benefits:
uu A flexible and scalable system architecture that provides the client
with the ability to expand the current application to support emerging
business needs
uu All functional and technical requirements were delivered on time and
within the project budget
uu A highly accessible and secure platform for TRS contract management
and reporting wherever internet access is available
uu Automated updates to the swap positions
Detailed feedback will be provided on request.
.
ORACLE
DATABASE
BATCH
J2EE WEB
APPLICATION
BATCH
BATCH
FEED
FEED
FEED

4. About luxoft
Luxoft, a principal subsidiary of IBS Group, is a provider of advanced
application and software engineering outsourcing services for global and
regional enterprises. Luxoft builds partnerships with its clients, such as
Boeing, IBM, Deutsche Bank, UBS, Harman, Avaya, Alstom, and Sabre, based
on the culture of engineering excellence, innovation, and deep domain
expertise. Luxoft offers international delivery capability through its network
of state-of-the-art delivery centers in North America, Eastern Europe, and
Asia. Luxoft`s customers benefit from the right mix of technology skills,
industry knowledge, proprietary processes and methodologies, and a
choice of engagement models.
For more information about Luxoft, visit
www.luxoft.com
www.luxoft.com/financial-services/
© 2012 Luxoft