New version features important new developments across front-, middle-, and back-office. Major updates include improved collateral management, performance calculations, and compliance checks.
SimCorp, a leading provider of highly specialised software and expertise for the investment industry, today announced the release of version 4.9 of its seamless enterprise solution for investment management, SimCorp Dimension. In line with the firms semi-annual release schedule, version 4.9 features important new developments designed to meet growing challenges in the investment management industry and further automate workflow processes throughout the back-, middle- and front-office.
As the industry begins to recover from the financial crisis, regulatory demands are placing greater pressure on global investment management firms to implement an operational infrastructure that allows for greater transparency and automation, comments Torben Munch, COO of SimCorp. At SimCorp, we invest heavily in research and development. Version 4.9 represents more than 100,000 man-hours of development and six months of rigorous research. We are constantly looking for ways in which we can help SimCorp Dimension users meet the many challenges theyll be facing in 2011 and onwards.
With a view towards helping firms mitigate risk, reduce cost, and prepare for growth, SimCorp Dimension version 4.9 introduces a number of important developments across front-, middle-, and back-office, including:
– Compliance Checks: Investment managers can now run compliance checks on figures imported from outside SimCorp Dimension and incorporating these into compliance rules. Compliance checks may also be run on broker restrictions.- Order Creation: The newly improved order creation process allows for advanced simulation possibilities using formulas or custom investment strategies.- Performance Calculation / VaR: The new performance calculation module and analytical value at risk (VaR) model improves accuracy and reduces calculation time- Collateral Management: The enhanced collateral management feature enables greater automation and enables firms to handle large numbers of collateral agreements.- Security Forecasting: A new enhancement allows forecasting of security holdings and a view of upcoming corporate events. Users can now specify when they want to view available positions and match their positions against collateral.- Period Closure: A new period closure functionality ensures that holding data from a closed period is held static.
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