Derivative Accounting, Management and Reporting

The Derivative Genius System provides back office processing and support for the various products that typically constitute a derivative portfolio, including:

Derivative Genius instrument coverage

The system's flexible scheduling capabiliited enable it to support a  wide variety of swap structures—including swaps amortizing and accreting by an index, and having any number of legs. Derivative Genius produces daily accounting and sub ledger accounting entries and counterparty payments. It comes with an optional pricing module allowing you to price your derivatives as required.

System calculations are compliant with industry-standard principles, when applicable, including:

  • Financial Accounting Standards Board (FASB) statements
    • FAS 91
    • FAS 115
    • FAS 133
  • International Swap and Derivatives Association (ISDA)
  • Uniform Practices by Public Securities Association

Transaction Processing

The system allows you to process on a daily basis or multiple days at once with positing aggregated. And if you mistakenly enter a transaction, removal is safe and easy. History and balance information is stored daily and is accessible at any time. Additionally, because all TPG products share a common database, you can effortlessly link the transactions entered into Derivative Genius with your asset and liability portfolio in Portfolio Genius, providing useful information for the related assets and their FAS 115 designations.

As mentioned earlier, Derivative Genius provides sub ledger accounting for all derivative instruments and counterparty payment processing. Transactions post separately for par values, accrual values, and associated premiums, discounts and fees. The summary general ledger postings automatically flow to the general ledger.

Data Transfer Capabilities

Derivative Genius allows for the use of ODBC- (Microsoft Excel, Microsoft Access and Crystal Reports) and OLE- compliant tools for efficient data access, report and presentation purposes. The application is compatible with Microsoft Object linking and embedding standards, and is equipped to send objects to or receive data from those applications. The Derivative Genius database resides in the Microsoft SQL server.

What You Get With the Derivative Genius System

Application Security Module

This module provides a logon validation process and works in conjunction with Microsoft Windows and Microsoft SQL Server security implementations.

General Ledger Module

This module manages the chart of accounts with no limit to the number of line items.

Report Manager Module

This module provides essential reporting, enabling users to apply filters and set date parameters, create batches, roll reports into holding company reporting, create consolidated reports, create graphs, add custom reports (via Crystal Reports or SQL Server Reporting Services), and more.