Aquarius

Integrated liquidity management for Cash, Securities, and Collateral

Aquarius is an innovative and modular Liquidity Management System developed by TAS Group to help banks in the digital transformation of their treasury. It supports the operational management of cash and liquid assets over different channels:

• Large value payment systems
• Clearing and settlement systems
• Correspondent banks

and provides a real-time and forecast view of liquidity usage in order to efficiently allocate liquidity as per targeted business models or compliance request.

Aquarius is the first liquidity management system providing a fully integrated view for cash, collateral and liquid assets in Central Bank Money and Commercial Bank Money. Able to work with multi-currency accounts and transactions, it can guarantee a real-time overview on a targeted, single currency.

Integrating BCBS248 metrics in real-time operations as well as real-time and forecast limit management, Aquarius also provides Intraday Liquidity Reporting and automated Intraday Liquidity Stress Testing.

To better tailor the solutions to your individual requirements, Aquarius offers the vertical modules below that can be run as a stand-alone application or as part of a wider Aquarius platform installation, integrated with your existing infrastructure.

• Securities Settlement
• Target2 /RTGS
• Target2-Securities Cash & Collateral
• TIPS
• Correspondent Banking
• Intraday Liquidity and Stress Testing

With the upcoming Eurosystem T2/T2S Consolidation project, Aquarius is the perfect solution to meet changing market needs and turn this challenge into an opportunity for digital transformation in liquidity management optimization.

Securities Settlement

This module automatically manages Post-Trade operations interacting with the settlement domestic and international systems. It supports all T2S features for both direct and indirect participants. It allows real-time monitoring of the settlement lifecycle and the accounts balance, providing value-added features such as matching, reconciliation, aggregation and shaping. This module can be fully integrated with back-office and internal systems to enable a full suite of settlement functionalitie

Target2 /RTGS

This module manages liquidity on RTGS accounts, providing real-time balance updates, detailed forecast, transaction management and additional functionalities such as limit, reservations, central bank collateral and T2S (T2SI) interface components.
The TARGET2 module allows the setting of additional features such as alerting, customised reporting and management of internal payment queue according to pre-defined criteria (e.g. timing, counterpart, and amount).

Target2-Securities Cash & Collateral

This module allows the integrated management of T2S for Cash and Collateral. This solution enables real-time monitoring on DCA positions and forecasts, as well as operational limits and monitoring of collateral transactions with both Central Banks and individual Clients.

Intraday Liquidity and Stress Testing

This module provides real-time monitoring of all transactions settled in LVPS systems (TARGET2) and Correspondent Banking and calculates the metrics established by BCBS248. The IL engine can apply each metric to individual and/or aggregated currency accounts on a daily and monthly basis, producing the scheduled reporting according to the required format and individual regulator’s standard. An optional Stress Testing Module is available to execute BCBS 248 stress testing in a completely automated way on the same Intraday Liquidity database.

Correspondent Banking

This module monitors and manages positions and transactions booked on currency NOSTRO accounts, providing detailed forecasting and management of internal payment queue according to pre-defined criteria (e.g. timing, counterpart, and amount). It provides extensive reconciliation and parametric matching rules (for payments, statements and forecasts). Enables monitoring active positions in Commercial Bank Money on a country and currency basis, according to different time zones and bank profiles.

TIPS

This module allows the management of TARGET Instant Payment Settlement (TIPS) monitoring of the bank’s DCA, transactions and CMBs and enables the exchange of the full range of messages and queries defined over the ESMIG in order to guarantee extended liquidity transfer capabilities with T2 and integrated ROB calculation.

• Single solution to manage collateral and cash
• Platform modularity to fit individual customer needs
• Ease of integration between Treasury and Back Office operations
• BCBS 248 guidelines compliance, including key-metrics into the real-time liquidity management
• Single dashboard to manage all bank cash and securities accounts held at National Central Banks, Correspondent Banks, CSDs, Depository
• Customer/Business/Categories visibility and management in real time, regardless the account structures
• Real-time monitoring and alerting systems
• Advanced graphical User Interface (GUI)
• Independence from Settlement and Clearing systems (operational model, data formats and protocols)
• Native ISO20022 compliant
• Machine Learning-based forecasting