As a Book of Records (BoR) system, the Torstone Platform provides double-entry GAAP-compliant accounting on all activities within the platform such as trade accounting, MtM processes, commissions and fees,and payments processing.
Double entry is delivered through a high volume transaction engine capable of generating dual “as at” and “as off” balances scalable to handling daily transaction postings numbered in the hundreds of millions.
All standard accounting processes to support a securities firm’s needs are offered on the platform, including:
Fixed Income Accruals
Valuations
Realised and Unrealised Profit/Loss
Foreign Exchange Revals
Book Cost Adjustments
Interest/Cost-of-carry Calculations.
With a comprehensive suite of reports and data extracts and APIs for G/Ls and regulatory compliance reporting solutions, the Torstone Platform gives you complete visibility and control over our accounting processes.
Features
Multi-entity and multi-currency
Interest, fees and charges management
Real-time transaction processing
Trade accounting
Journals
Periodic and ad-hoc report generation
File and API-based interfaces
Benefits
Streamlined and straight-through accounting reporting
Complete integrity and control over accounting records
Real-time visibility of critical data including balances and positions
Flexible reporting to meet local requirements
Improved substantiation to meet internal and regulatory audits
