Structure of Accounts
midQORT relies on its own structure of accounts that is different from structures of other accounting systems (for example, from bookkeeping). The main difference of the internal system of accounts in midQORT is that there is no strict interaction in it like, for example, between parts of a balance sheet. This approach serves for individual adjustment of operation accounting in accordance with the current accounting policy of an investment company or a bank, as well as for combining data into arbitrary aggregates for management accounting and business analysis.
Types of accounts
Sub-accounts are used for asset accounting by owners, personal accounts — for asset accounting by a storage place.
A sub-account is the smallest unit of asset accounting by owners.
Sub-accounts may correspond to:
- a client code on the ‘Main market’ sector of Moscow Exchange,
- a client code on the ‘Derivatives market’ sector of Moscow Exchange,
- a position of a trader on the Foreign securities market of Saint-Petersburg Exchange, etc.
A personal account is the smallest unit of asset accounting by a storage place.
Examples of personal accounts:
- depo accounts,
- currency accounts of client in banks.
Examples of analytical accounts:
- a total position of all clients,
- a total position of a bond desk,
- a total position of an option desk,
- a volume of currency on client accounts.
A virtual account is any combination of personal accounts or other virtual accounts.
- a total amount of money of an investment company in a specified bank,
- a clearing account of an investment company in a bank.
The presented account structure allows generating arbitrarily aggregated accounting units, analyzing indicators by required parameters, and displaying data in reports.
Payment and delivery accounts
Each sub-account corresponds to one or several pairs of personal accounts (a pair of accounts: payment and delivery).
A payment account serves for accounting cash flows (rubles).
A delivery account serves for asset accounting (securities of a currency, etc.).
If necessary, the system allows generating sub-accounts automatically and linking payment and delivery accounts to them based on data from QUIK.