The structured finance industry demands a great deal of flexibility, power, accuracy and yet ease of usage from the software industry. This implies a comprehensive structure robust enough to accommodate new innovations without creating a usage and maintenance monster.

A system suitable for managing structured finances needs to be easily configurable by experts, have all amounts accurately calculated and yet be very friendly to unskilled staff.

This demand resulted in the creation of the Structured Deals module for T24.

The Structured deals module is a fully integrated T24 module carefully designed to offer huge flexibility in Loan maintenance. It addresses the most extreme functional requirements relating to loan repayments.

The positioning of this module within the T24 environment can be viewed here.

Structured Finances directly integrates with a "Rules" application, an Amortisation Schedule management system and the Loan Origination module. Fixed Assets can also be made to relate with deals on a one-to-one basis. It utilises an "easy-to-use" parameter record to pre-define several details needed for a contract.

It offers extensive manipulation of Loan Principal, Residual capital, Interest definitions, Charges and Payment values and supports the use of other standard T24 modules such as the Credit Limit module, Brokerage and Collateral.

All necessary accounting is done automatically within the T24 General Ledger. Disbursement accounting supports the use of the T24 Funds Transfer module enabling third party clearance where applicable.

By applying the Rules application several field inputs can be limited and / or controlled, defaulted or calculated. The rules application is further designed to enable the bank to create new rules. Thus meaningful data is always guaranteed to be recorded in the system.

This flexibility allows the bank to create various rule permutations thereby generating a wide range of differing products.

The structured deals module allows for tiered interest computations even for annuity contracts. Alternative treatments of finance income are also supported.

By using an amortisation schedule, a great deal of flexibility can be achieved by a single key or letter. Most notably, all recalculations on the amortisation schedules can be done in real time .

It is a proven fact that implementation times for most banking solutions would be greatly reduced if a comprehensive "Rules" applications were provided alongside.

This module serves the purpose of allowing the definition of additional validation, defaults, calculations and more.

The Structured Deals Rules Application is based on the concept that rules do not have to be strictly driven by Products. Furthermore rules do not have to be completely fixed in number.

This T24 application is unique  in its ability to maintain multiple levels of rules which can be created in hierarchies and intelligently applied to contracts. A bank is however not mandated to establish multiple levels of rules. This can be specified easily using a central parameter record.

The Structured deals "Rules" application allows users to create new rules on any of the hierarchy levels thus increasing the flexibility of products.

The Loan Origination module and the Structured Deals module both easily apply rules details on an online and cross-validation basis ensuring optimum data integrity.

The rules application is easy to setup and easy to maintain. All other T24 advantages fully apply.

A flexible amortisation schedule is crucial to the effectiveness of a structured finance solution. Such a schedule must be able to accurately regenerate itself on an online basis whenever any element of the schedule is altered.

The Structured Deals Amortisation Schedule is constructed with this in mind. The result is an amortisation schedule that gives the user extensive ability to structure repayments to suit individual clients. At no time is the user expected to generate instalment amounts manually except if the bank so wishes.

This application allows for several repayment types to be available to the end-user with very impressive manipulations.

The rules application can also be used to default most of these repayment types on all levels of a rules hierarchy.

The various repayment types allow banks to grant their clients Zero Payments, Zero Interest Payments, Zero Charge Payments, Part Repayments, User chosen payments, Arrears redemption payments and many more.

The flexibility of the amortisation schedule allows for any combination of these payments to be supplied while the system regenerates all amount values accurately and online.

Several adjustments can be made through the schedule. These including capital, rate, term and frequency adjustments.

The Structured Deals amortisation schedule is friendly, effective and easy to use. All T24 advantages are exploited by this module.

All charges within the Structured Deals modules are powered by traditional T24 charge applications. However the system uses them in ways unique to structured finance.

The module supports all kinds of structured finance charges including rental-type charges and higher purchase-type charges.

Charges can be levied on several elements of the deal including unutilized amounts, Instalment amount, Principal and capital adjustments.

Charges can be treated in several ways. The system supports the capitalization, amortisation and normal processing of charges by currency.

Commission and Flat charge types are supported in accordance with T24 standards.