Aquin implements MIG21 at Raiffeisen company RSC Vienna in just three months

Frankfurt - 2 April 2007

In collaboration with Aquin Components, a software provider for the international asset management and fund industry, Vienna RSC Raiffeisen Daten Service Center GmbH (RSC) has implemented the investment compliance tool MIG21. The Austrian service provider handles payment operations, securities, treasury and cash management transactions for banks and insurance companies. The project was completed successfully in a record time of just three months. In addition to the installation and configuration of MIG21, this included the setup of investment controlling processes as well as user training.

Aquin's MIG21 enables RSC to run compliance checks and to generate individual reports for custodian banks, capital investment companies and auditors on a daily basis. To achieve this, numerous regulatory and contractual rules were created and configured in MIG21. MIG21 offers a high amount of flexibility and possibilities for parameterization, which will enable us to define and introduce future rule changes ourselves. Furthermore, the system offers flexible interfaces for a simple connection with our fund accounting system, explains Dagmar Posch, head of the RSC Fund Administration department. The system performance confirms the very positive feedback that we received from custodian banks and capital investment companies using MIG21 in combination with the same fund accounting system, praises Michaela Gisch, head of RSC Securities Back-Office Services.

Some of the key project requirements were considerable increase of accuracy and efficiency of the compliance checks, high flexibility and a short implementation period, but also the integration of market data suppliers like Bloomberg or Reuters. MIG21 was able to satisfy these requirements through flexible interfaces allowing for quick integration of any data source. Albert Gaubitzer, chairman of the RSC management board, summarized the experience: The implementation was completed in a very professional and efficient manner. The speedy installation and integration of MIG21 into our business processes went exactly as planned ­ this is by no means normal for IT projects.

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