SimCorp, a leading provider of investment management solutions and services for the global financial services industry, today announced that it has released version 6.0 of its integrated investment management solution, SimCorp Dimension®. The new release, which is the second of this year’s two releases, introduces a number of new modules and enhancements across front, middle and back office.
A new module, ‘General Reconciliation – Static Data’ adds to the recently launched Reconciliation Manager, which was introduced with Release 5.9 as a central hub for all reconciliation processes with full integration to the system’s IBOR (Investment Book of Record). The new module facilitates the reconciliation of static data, for example the maturity date of a bond or the expected dividend on an equity, against data reported by a third party.
Within the performance area, new functionality has been added to SimCorp’s Factor-based FIPA (fixed-income performance attribution) solution. The solution enables you to monitor the results of decisions made on different levels of an investment process and has now been strengthened with better instrument coverage, support for exposure-based performance for derivatives, and the ability to view contribution to FIPA effects, all with the aim of providing more analytical insight.
Other highlights in the release include:
Front Office: Numerous enhancements within compliance, portfolio management and trading, including new functionality for FX hedging and simulation, and improved OTC simulation workflows.
Private Debt: New module that adopts a completely new and flexible structure for efficient front-to-back handling of syndicated bank loans traded in the secondary market as well as bilateral or direct loans with advanced commitment-based agreements.
Omgeo interface: SimCorp maintained interface to Omgeo’s OASYS US Domestic trade allocation and acceptance service that communicates trade and allocation details between investment managers and broker/dealers.
IFRS 9 support: New functionality in the Investment Accounting Manager, which completes the set-up needed for full support of IFRS 9, phase 1 in SimCorp Dimension®.
Marc Schröter, SVP and head of SimCorp Product Management, comments: “Operating in a complex world with tough competition, regulatory burdens, and increasing amounts of data, investment managers need up-to-date, integrated solutions to operate efficiently and gain a competitive edge. Release 6.0 of SimCorp Dimension shows our commitment to providing exactly this in one single dynamic system.”
The next version of SimCorp Dimension® will be released in February 2017.