GEOS is an integrated online system for the management and processing of securities, with a strong focus on Straight Through Processing (STP). A security is a Fungible, Negotiable instrument representing financial value Straight Through Processing ( STP) enables the entire trade process for Capital markets and Payment transactions to be conducted electronically without the The main components of GEOS (management of financial instruments, position keeping and order management) cover the entire value-added chain of securities transactions – ranging from securities orders to clearing and settlement to Corporate actions processing (e. Financial instruments are cash evidence of an ownership interest in an entity or a contractual right to receive or deliver cash or another financial instrument A corporate action is an event initiated by a Public company that affects the securities ( Equity or Debt) issued by the company g. for dividend payments).
GEOS has been developed by Software Daten Service (SDS) – a 100% subsidiary of T-Systems International. T-Systems is a worldwide operating ICT provider founded in October 2000 Headquarters of SDS are in Vienna. Vienna ( in Wien; see also other names) is the Capital of Austria, and is also one of the nine States of Austria.
Customers include HSBC Trinkaus und Burkhardt, Raiffeisen Österreich and Bank Austria Creditanstalt. UniCredit Bank Austria AG is a Central and Eastern European Bank, 96 GEOS covers around 80% of the Austrian securities processing market.
GEOS originated from the software EOS, which was developed by the Austrian Schöllerbank in the 1980ies and offered to other Austrian banks by Software Daten Service. The development of GEOS started in 1993 and the system was put in operation by a bank for the first time in 1998.
External links
Dapyx Software network: MP3 Explorer | Ebook Manager | Zenithic