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PRODUCT - Functions



Forex

The OLYMPIC Banking System supports Spot, Forward and Swap transactions, is fully multi-currency and offers a very flexible accounting platform. The impact of foreign currency accounts and positions is fully customisable and fully in real-time.

The system can also re-evaluate outstanding foreign currency positions automatically by interpolating the outright rate for the remaining period for each open currency contract based on the interest rate yield curve. The bank has the choice of simulating or booking the unrealised profit or loss for each contract on provision accounts.

Functions include:

  • Spot transactions
  • Outright forward transactions
  • Currency swaps
  • Currency options
    • Plain vanilla options
    • Single barrier options
    • Double barrier options
    • Binary options
  • Non-deliverable forwards
  • Currency futures.

Forex - OLYMPIC Banking System supports Spot, Forward and Swap transactions