First Derivatives plc
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Opics Services

FDP has proven expertise in the migration and implementation of Opics with particular expertise in finance and accounting issues over a wide range of instruments. The company has delivered projects requiring some or all of:
  • Requirements Gathering
  • Business Analysis
  • Integration
  • System Roll-out
  • Technical Support
  • Database Administration
  • Project Management
Migration
Our projects have covered:
  • Analysis, Specification and Design of a range of interfaces
  • Creation and maintenance of new BSYS batches to fully test new Branch runs and interface relationships
  • Configuration and rollout of OPICS branches including test environments
  • Managing user feedback from testing
Our projects have also involved many instruments including:
  • FX – Spot and Forward
  • FX Window Options
  • FX Swaps
  • Loans and Deposits
  • Bonds and Gilts
  • Caps, Floors and Collars
  • Swaptions – European and Bermudan
  • Interest Rate Swaps – Vanilla, Amortising and Accreting

Finance/Accounting Expertise
The team has particular expertise in a range of Accounting standards and Accounting treatment of a range of instruments.
  • Requirements gathering from Treasury, Front Office, Finance & Management Reporting functions
  • Analysis - compilation & distillation of relevant requirements for Financial, Bank Regulatory and Management Accounting
  • Compilation and presentation covering the existing Opics financial reporting systems in relation to implementation for new Bank Branches.
  • Preparation and delivery of workshops to key Business Groups through to Department Heads
  • Expert Accounting reference with Business Users and Project Team in relation to appropriate accounting treatment in line with UK GAAP & IAS requirements
  • Liaising with Business departments to modify / refine existing operational procedures & processes in preparation for new systems implementation
  • Scoping , composition and delivery to Branches of detailed Finance Design documentation for ‘new world solution’
Support/Database Administration
  • Technical Support and Database admin of the OPICS environment
  • Training of end users
  • Interface management to/from various systems
  • Liaise with other I.T. functions regarding support issues requiring bug fixes

For more information please contact Brian Fitzpatrick, Business Development
(bfitzpatrick@firstderivatives.com).
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