Eclipse Software, Inc. Site Information

Contents

Road Maps

The following diagrams present road maps for the web site. There are two major subdivisions of the site, the Corporate Pages and the Architecture.

Corporate Pages

Corporate Pages
These pages of the website address the experience, expertise, and services of Eclipse. They also include supporting material in the form of a glossary, references, staff biographies, and site guide.
Eclipse Home
An overview of the business of Eclipse and of the website, and how to contact us.
Key Staff Members
Background information and links for Eclipse's key employees.
Links
Links and references to important resources related to Eclipse's business and the Architecture.
Glossary
Glossary focusing on terms and usage specific to Eclipse and the Architecture.
Site Information
Guide to the site, including road maps and a guide to learning the Architecture.

Architecture

Architecture for Transaction Management
The Architecture addresses best practices for the design and development of application systems for managing the entire universe of financial transactions: buys and sells of securities, collateralized and uncollateralized loans (e.g., repurchase agreements), transaction maintenance, clearance and settlement, accruals, and related functions.

The introductory page presents the background, audience, and topics covered.

The Architecture is composed of the two components below, one focused on the business applications and the other on the technical infrastructure.

Functional Framework
The Functional Framework is the component of the Architecture addressing the business processing directly. It is logically divided into the three areas listed below. They can be thought of as data, metadata, and processing.
Data Structures
The models and relationships which record financial transactions, events (e.g., corrections, settlement), and positions and balances.
Knowledge Base
The Knowledge Base is the reference data component of the Framework. There are two primary classes of entities in the Knowledge Base.
  • Standard static data such as securities, accounts, and currencies.
  • Metadata structures that direct and control the processing within the system: transactions, events, accruals, and the like.
Processing Rules
This component of the Framework discusses how the entries in the Knowledge Base metadata tables direct the processing of the transaction elements stored in the Data Structures. There are pages for the following functions:
Technical Foundation
The Architecture incorporates a technical infrastructure and design approach that supports many of the business goals of the Functional Framework. This component also provides guidance to adapting and extending the Framework.

Learning Guide

The pages relating to the Architecture can be read in any order, but they also embody the hierarchical structure given in the road map. One approach to the material is to read the material top to bottom as given in the following list.

Architecture for Transaction ManagementThe gateway to the discussion of the architecture for managing financial transactions. It presents the background, audience, and topics covered.
Functional FrameworkThe Functional Framework is the component of the Architecture addressing the business processing. It is composed of the three components listed below.
Data StructuresThe models and relationships which record financial transactions, events, and positions and balances.
Knowledge BaseThe Knowledge Base comprises the reference data component of the Framework, both static data and metadata.
Processing RulesAddresses how the entries in the Knowledge Base metadata tables direct the processing of the transaction elements stored in the Data Structures.
Transaction OperationsThis component addresses how transactions, cancellations, and corrections, settlement, and other operations are implemented.
Positions and BalancesCovers the structure of the positions and balances, updates, data bases, trader positions, and the stock record.
Inventory and Trading P&LThis components discusses the model for inventory and trading P&L and how they're implemented.
Dividends and InterestIntroduces the handling of dividends and coupon interest within the Functional Framework.
DividendsThe various components of dividend accounting and cash distribution management.
Coupon InterestCoupon interest accrual and payment are treated analogously to Dividends.
Day Count ConventionsStandard day count conventions.
Bond Pricing in the MarketHow bonds are valued in the market, and how coupon interest and the day count convention interact with price.
Technical FoundationThis page is the gateway to technical design and infrastructure topics.
Temporal IndependenceThe property of a system's transaction-based data that all days are treated on an equal basis at all times.
Adapting the FrameworkGuide to adapting elements of the Framework to existing systems.
Extending the FrameworkGuide to extending elements of the Framework within the Architecture in order to handle new situations.


Last updated: January 10, 2016.   Copyright 2005-2017, Eclipse Software, Inc (ESI).  E-mail: WebSite@eclipsesoftware.biz.