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Global Payments System (GPS)
Real Time Gross Settlement (RTGS)
Automated Clearing House (ACH)
Government Securities Registration and Settlement (GSRS)
Network Payment Services
General Accounting System
Message Switch Transaction Processing
The Payment Workstation
Global Payments System express (GPSe)

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Government Securities Registration and Settlement (GSRS)

Montran's GSRS manages Government Security operations, including the settlement and registration of auction results from the primary market, sales and purchases, registration, cancellation, and execution of pledges; registration, management, and execution of repo and reverse repo agreements; payment of interest and coupons, registration and payment of partial and full security redemptions.


Features of the system include:

Maintaining an Accounting Space facility that extends to a comprehensive securities database, containing full details of security types, issues, characteristics and participants
Providing functions for the establishment and maintenance of limits for trading
Logging all securities and transaction information in a statistical database, which is used as the main source of reports generated by the GSRS
Maintaining information on government securities placed on the market in its Accounting Space facility
Includes a flexible commission and charge facility that allows for the calculation and processing of fees at the security and transaction level, and a Billing module for calculating fees, generating billing statements and generating transactions for collection of fees
Ability to reconcile its securities information with secondary registers
Logging of all processed transaction data to a relational database
Supporting the full ISIN standard for securities numbering
Maintaining the latest information relating to a security and holdings by participants to ensure the validation of securities for third parties
Maintaining the latest information relating to securities to ensure for each issuance that all outstanding securities are exactly the same as the amount originally issued
Allowing free of payment (FOP) transfers
A default setting that prevents any participant taking a short position, to ensure that no overdraft of securities can take place
Monitoring and reporting of all stages of pledge execution
Monitoring and reporting of all stages of repurchase and reverse repurchase agreement execution; the process may be manual or automatic
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