Kodiak Derivatives

Kodiak Derivatives

Factsheet

Kodiak Derivatives is a front office system for managing equity and bond Derivatives Contracts. Kodiak Derivatives is particularly designed for Icelandic securities and to meet Icelandic investment banks needs in that respect

For

Traders, risk and middle office

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Features

  • Create long and short contracts
  • Terminate/Close a contract
  • Partly close a contract
  • Roll/extend a contract
  • Print out contract documents (contract/closing receipt/term changes)
  • Sign contracts
  • Monitor open contracts
  • Search through old contracts
  • P/L in real time
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Asset classes

Kodiak Derivatives currently supports Forward Contracts: short and long equity and fixed Income.

  • Short / Long
  • Icelandic bonds
    • With cash flow calculations
  • Icelandic equity
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Booking

Front office is responsible for the creation and booking of Forward Contracts.

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Tax issues

Financial institutions are obliged to withhold tax on behalf of some clients. The Kodiak Forward system calculates the tax that can be transferred into an accounting system.

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Integration

Kodiak Forwards integrates with the Kodiak OMS. Kodiak OMS allows users to allocate a client order as a Forward Contract. Once allocated the Kodiak OMS creates a allocation in the back office and in Kodiak Forwards.

  • Receives allocations from Kodiak OMS
  • Restful API for integration with 3rd party systems
  • Local MsSQL database
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Accounting

The Kodiak Forwards has special accounting database tables that can be populated with the banks service fees and revenues.

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FME Reporting

The Kodiak Forwards fulfills the FME TRS requirements and can be sent automatically to the FME every day.