GEOS (software)
Encyclopedia
GEOS is an integrated online
system for the management and processing of securities
, with a strong focus on Straight Through Processing
(STP). 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 action
s processing (e.g. for dividend payments).
GEOS has been developed by Software Daten Service (SDS) – a 100% subsidiary of T-Systems
International. Headquarters of SDS are in Vienna
in the T-Center
.
Customers include HSBC Trinkaus, Raiffeisen Österreich, Bank Austria
(a member of UniCredit
), UniCredit Ţiriac Bank
in Romania
and Banque et Caisse d'Épargne de l'État
in Luxembourg
. GEOS covers around 80% of the Austria
n securities processing market.
GEOS originated from the software EOS, which was developed by the Austrian Schöllerbank in the 1980s 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.
ONLINE
ONLINE is a magazine for information systems first published in 1977. The publisher Online, Inc. was founded the year before. In May 2002, Information Today, Inc. acquired the assets of Online Inc....
system for the management and processing of securities
Security (finance)
A security is generally a fungible, negotiable financial instrument representing financial value. Securities are broadly categorized into:* debt securities ,* equity securities, e.g., common stocks; and,...
, with a strong focus on Straight Through Processing
Straight Through Processing
Straight-through processing enables the entire trade process for capital markets and payment transactions to be conducted electronically without the need for re-keying or manual intervention, subject to legal and regulatory restrictions...
(STP). 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 action
Corporate action
A corporate action is an event initiated by a public company that affects the securities issued by the company. Some corporate actions such as a dividend or coupon payment may have a direct financial impact on the shareholders or bondholders; another example is a call of a debt security...
s processing (e.g. for dividend payments).
GEOS has been developed by Software Daten Service (SDS) – a 100% subsidiary of T-Systems
T-Systems
T-Systems is a worldwide operating ICT provider founded in October 2000. It belongs to Deutsche Telekom AG and its central office is located in Bonn, Germany. Within Deutsche Telekom AG it is responsible for multinational corporations and public-sector institutions. It operates in more than 20...
International. Headquarters of SDS are in Vienna
Vienna
Vienna is the capital and largest city of the Republic of Austria and one of the nine states of Austria. Vienna is Austria's primary city, with a population of about 1.723 million , and is by far the largest city in Austria, as well as its cultural, economic, and political centre...
in the T-Center
T-Center
The T-Center is an office building in the Sankt Marx section of Landstraße, the 3rd district of Vienna. It was built between the years 2002 and 2004 following the designs of Austrian architect Günther Domenig.- History :...
.
Customers include HSBC Trinkaus, Raiffeisen Österreich, Bank Austria
Bank Austria
UniCredit Bank Austria AG is a Central and Eastern European bank, 96.35% owned by UniCredit Group.BA-CA's history goes as far back as 1855, the year the Creditanstalt was founded. In 1991, Zentralsparkasse und Kommerzialbank and Oesterreichische Laenderbank merged to form Bank Austria. In 1997,...
(a member of UniCredit
UniCredit
UniCredit SpA is an Italy-based, pan-European banking organization, with aprox 40 million customers and operations in 22 countries.- Geography :...
), UniCredit Ţiriac Bank
UniCredit Tiriac Bank
UniCredit Ţiriac Bank is the result of several mergers and acquisitions on the Romanian banking market, starting with the creation in 1997 of a Demirbank subsidiary in Bucharest...
in Romania
Romania
Romania is a country located at the crossroads of Central and Southeastern Europe, on the Lower Danube, within and outside the Carpathian arch, bordering on the Black Sea...
and Banque et Caisse d'Épargne de l'État
Banque et Caisse d'Épargne de l'État
In Luxemburgish Spuerkeess, in French Banque et Caisse d'Épargne de l'État , is a Luxembourgish bank, established and owned by the Luxembourgish government...
in Luxembourg
Luxembourg
Luxembourg , officially the Grand Duchy of Luxembourg , is a landlocked country in western Europe, bordered by Belgium, France, and Germany. It has two principal regions: the Oesling in the North as part of the Ardennes massif, and the Gutland in the south...
. GEOS covers around 80% of the Austria
Austria
Austria , officially the Republic of Austria , is a landlocked country of roughly 8.4 million people in Central Europe. It is bordered by the Czech Republic and Germany to the north, Slovakia and Hungary to the east, Slovenia and Italy to the south, and Switzerland and Liechtenstein to the...
n securities processing market.
GEOS originated from the software EOS, which was developed by the Austrian Schöllerbank in the 1980s 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.