SimCorp Paper Highlights Importance of IBOR as the Foundation for Better Investment Decisions and Regulatory Compliance in 2013
9 Jan, 2013 14:59 CET
SimCorp A/S
Press release
SimCorp Paper Highlights Importance of IBOR as the Foundation for Better
Investment Decisions and Regulatory Compliance in 2013
SimCorp, a leading provider of investment management solutions and services for
the global financial services industry, has released a new paper, “The
Investment Book of Record: One Version of Truth from Front- to Back-Office.”
Authored by Marc Schröter, head of strategic research at SimCorp, the paper
tackles the problems associated with fragmented position-keeping across the
trade lifecycle. “When investment processes and asset classes are supported by
multiple systems across the front- to back-office, it is impossible to gain an
accurate view on true portfolio positions,” notes Schröter. “The risk of poor
decision-making is inevitably higher when portfolio managers are working off
bad data.”
The paper proposes that the Investment Book of Record or IBOR becomes the
single repository that combines front-office start-of-day positions with
back-office end-of-day positions. The IBOR will centralize position-keeping
across the entire trade lifecycle and will provide investment managers a
comprehensive view of positions and exposures. The IBOR will also manage
up-to-date transaction lifecycle status, reflecting current and historical
transactions as well as a forecast of securities and cash balances.
Additionally, the paper outlines the value of the IBOR in assisting investment
managers comply with the onslaught of regulatory reforms. Legislation such as a
Dodd-Frank, EMIR and Solvency II are united by a common denominator – the need
for an accurate view of exposures across counterparties, collateral and the
underlying derivatives. “The complexity involved in exposure calculation and
mandated regulatory reporting will make compliance an uphill battle without a
solid investment book of record in place,” continues Schröter. “Instead of
creating piecemeal compliance solutions, regulation by regulation, the IBOR
affords investment managers economies of scale in architecting an enterprise
solution that will support compliance for today’s regulations as well as
regulations of the future.”
Please download the full paper here>>>
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Enquiries regarding this announcement should be addressed to:
Susan Peter, SimCorp North America, +1 917-546-4654
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About SimCorp
Since 1971, SimCorp has been providing investment and portfolio management
solutions and services to the world’s leading investment managers, asset
managers, fund managers, fund administrators, pension funds, insurance funds
and wealth managers. SimCorp’s world-class software provides global financial
organisations with the tools they need to mitigate risk, reduce cost and enable
growth. SimCorp is a global company, regionally covering all of Europe, North
America and Asia Pacific. Listed on the NASDAQ OMX Copenhagen, SimCorp is
dedicated to supporting the global investment management industry, its clients
and its investors. For more information about SimCorp’s products, please visit
www.simcorp.com/product.