Spark provides for captures of deals in an easy to use grid-based format. Allowing the companies to associate deals with storage and transportation agreements so 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.

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FEATURES

Front Office

  • Spark provides predefined deal capture screens that low 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 schedules with a visual of the physical positions.
  • It let the schedules 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 scheduler 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 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.