Companies currently using multiple spreadsheets to perform position management and mark-to-market (MTM) to hedging their physical positions, will be delighted with the features that Spark provides.
Spark provides for captures of deals in an easy to use grid-based format. This allows companies to associate deals with storage and transportation agreements, so that positions and profitability can be accurately maintained.
Spark is designed as a fully scalable platform that can be used across the spectrum, from the smallest trading shop to the large global companies.
FEATURES
Front Office
- Spark provides predefined deal capture screens that allow for easy and intuitive deal capture by the traders.
- It has been configured for entry of Physical Crude Oil and Petroleum Products transaction.
- It also allows the traders to capture Financial Deals such as – Exchange Traded Futures & Options, OTC Option, Swaps, Basis Swap’
Operations
- Spark provides the schedulers with a visual of the physical positions.
- It let the schedulers know:
- What products have been scheduled at which location
- What products needs to be scheduled at which location
- What is the net position at a product or location.
- It allows the schedulers to monitor the cargo movement from load to discharge.
- Also allows the schedulers to capture relevant vessel related data such as BOL Dates, Fees associated with transportation.
Middle Office
- Spark provides the Risk Group with a powerful credit and market risk solution.
- Risk managers can view their
- MTM PnL,
- Position Exposure and
- Price Exposure.
- They can also look at the PnL Attribution report to identify causes for PnL movements.
Back Office
- Spark's straight-through-processing makes it easy for the Back Office to generate accurate invoices in a timely fashion.
- The settlement module provides information about the cargoes that have been delivered and are ready to be invoiced.
- It also allows for the invoicing of the fees associated with the cargo.
- The Settlement module provides details of the pricing of the cargo making trouble shooting easy.
CLOUD BASED
CLOUD - Low Cost,Manage Anywhere, Anytime
Spark is designed using the latest cloud based software schema and is provided using the Software as a Service (SaaS) licensing and delivery model. Spark is an end to end solution - covering the Front Office, Middle Office, Back Office and Logistics requirement of energy traders.
Some of the benefits for our clients are:
The licensing and delivery model will allow the flexibility of paying only for the modules that you would be using. The company utilizing Spark will only pay for the computing resources that is required.
Platform
Spark is developed using open source platform. This eliminates the need for the client to license additional software for other vendors like Microsoft etc. further reduces the cost of subscription.