Foreign Exchange Processing System In Commercial Bank

Foreign exchange trading is an economic action, through which the domestic residents (or Enterprise) can exchange directly a foreign currency into another foreign currency by the real-time exchange rate among the international financial markets.The development of foreign exchange trading business can not only accelerate the development of the foreign exchange market, but also can play an active role in promoting a new profit growth point for commercial bank. The kind of business provides a good financing channel for the residents (or enterprise).But as a foreign exchange derivative products, there is a long way to go for the foreign exchange trading business, because of the current restrictions of foreign exchange management policy, and some limitations of innovation mechanisms in domestic financial industry.This Foreign Exchange Processing System can be automation, real-time and intelligent, and the development purposes, functions, system structure, and some specific technical issues were discussed in detail in this system.The development goal of system will realize the strategic of commercial bank by which foreign exchange business service has more intensification and higher management quality. It strengthens the processing level of the bank computerization service and further reduces foreign exchange business transaction cost, thus can evade effectively circumvention market risk and enhance the foreign exchange business service income and Competitiveness. Simultaneously, the system provides security, effective, and convenient transaction platform for the commercial bank customer. The main functions of system include the following several aspects:1,The unification quotes price sub-system. The unification quotes price is using commercial bank's foundation network construction, provides consistent data for the entire commercial bank, avoids appearing the multi-quoted prices and so on; Moreover the quoted price system provides two kinds of quoted price pattern: manually, automatic; This make it support many kinds of quoted price source data connection under international finance domain ,provides the price difference establishment and the multi-level prices for the customer to choose.2,The real-time foreign exchange trade sub-system. The subsystem inclues foreign exchange for enterprise and other foreign exchange business transactions. This is one of core subsystems. Individual customer may complete those transactions by teller, net-bank, call-bank or ATM. 3,Commission service subsystem. Individual customer may establish entrusts by teller,net-bank,call-bank or ATM channels , the subsystem provides two increased new function: Stops-damages entrust and Bidirectional-entrusts. Once the Trading conditions works , the system carries on real-time processingm produces detailed records, entrusts-total numbers , which will be provided for other subsystems.4,Concentrated Liquidation subsystem. In Earlier transaction system, all operations was processed manually, and has artificial risk, lower efficiency. In new system,we realizes the real-time automation process, After the customer completes the transaction, the data will be compiled immediately to higher level bank, without frontline bank dependence.Then higher bank can choose processes manually or automatic liquidation according to actual situation;5,Batch and settlement sub-system. In this system,all of settlement operations occur among foreign currency and local currency trading .So there are two ways for those account settlement: clearing and settlement records or detail-redords for account.To meet real-time Interaction, rapid Changes and complex operation,the system applies the advanced development technology and database, especially the following issues: 1,Utilizes many kinds of technical for bank-transactions according to different request,2,New ideas and technicals are used to overcome problems about massive data-deal and Low efficiency in the unification quotes price sub-system.. Although the price information of bank is saved staticly, the customers can access real-time the prices they need.3,The system creates a multi-level,open institutions management mode.4,The system has developed a lots of new interface for transmission data with other system,so we can use the system under low-coupling status.Furthermore we use some structure,common modules in it, provide lots of conveniences for secondary-development.5,The system uses new technical of CICS and realizes 24-hour-transaction, and real-time billing for our customers.The system provides rich functions, new structure including high-technology in it,so it can be refered by some similar service development, establish some development guidelines on high-end financial product, and have a significant scientific significance.With the promotion of the system, foreign exchange trading operations can be ended by manual processing of semi-state. And uniform commercial bank foreign exchange trading business system is done by automatic quoted price, automatic flat, automatic bookkeeping, automatic liquidation , All of the message was automatically generated and the balance is checked automatically .Through the introduction of advanced management mode, the application of advanced development tools and technologies , we will have a complete integration system including a comprehensive services, management, security supervision and so on. At the same time the 24-hour service also can be achieved. The Competitiveness and influence of commercial banks will be rapidly increased in the foreign exchange business market. And this can also accord quickly with international convention. Thus, some huge social and economic benefits can be brought directly or indirectly among the commercial banks.Some of the inadequacies of the system will be further improved.