NEWBIZ - New Business & Amendments
What is NEWBIZ
These are simple lists of the contracts that have been entered into TRADE, using mainly the selection of the ITAS date that the trades were entered into the system. This allows for reports and/or emails to be produced and directed to the traders responsible, the departmental heads, credit controller etc.
There is a more sophisticated report style named as ‘Trade Net’ that will report the TRADE details in a specific order AND will include amendments to the TRS, TRADE, FX databases that have been marked (in IDD) for ‘special audit’ reporting. This complete report is designed to locate the reasons why the company position has changed.
The concept of this report is that it is produced daily and the authorised parties can act immediately on incorrect position content.