Riskart launches collateral management module

Source: riskart

In the wake of the financial crisis and in response to client requests, riskart S.p.A.has introduced a new Collateral Management module that integrates its state-of-the-art back office OTC derivatives processing application.

The Collateral module automates the time-consuming process of calculating cross-asset net exposure per counterparty on the basis of the relative CSA agreements, introduces automation and greater efficiency in the process of reconciliation and the management of collateral calls, reduces counterparty risk and allows management to focus on effective liquidity management.

The riskart software draws on a history of over 30 years of providing financial solutions and currently counts three of Italy's leading financial institutions amongst its users. The riskart Derivatives Management Suite is specifically designed for Back Office administration, accounting and compliance of complex products such as Interest Rate Swaps, Equity Swaps, FX Swaps, CDS, Swaptions, Futures, Options and to customize a wide range of structured products. The software suite provides real time administration of risk, risk exposure, and cash flow for management banks, investment funds, asset management companies, corporates and other organisations. The cash flows for the derivative contracts are all managed on a daily basis, taking input from other applications such as market prices, registry and updated positions. riskart then generates entries for all relevant aspects of accounting, in accordance with principles 32 and 39 of IAS/IFRS, along with an output database for external systems such as accounting servers, SWIFT for settlement operations, notification to supervisory bodies, auditing, etc. The riskart software can run on a variety of operating systems and can be used with all leading relational databases. Users can access the software by means of a web browser such as Microsoft Explorer or Mozilla Firefox for remote access via the Internet. It is multi-language supporting English and Italian with German and French coming soon.

 

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