EGAR Limits Manager

EGAR Limits Manager is the automation system of control of limits of investment and credit deals.

Description

EGAR Limits Manager is the financial risk management system and control of limits in real time supporting a flexible task of limits of investment and credit deals. It helps to configure the mechanism of processing of their exceeding and contains the developed reporting block.

The EGAR Limits Manager system is developed in SOA architecture on modern by Java to the EE platform. In it long-term experience of the company and "knowledge" of current problems of the Russian risk managers and business divisions performing operations in different financial markets are accumulated.

The control system of limits assists in aggregation, structuring, effective use of any information influencing risk value:

• reference books by partners,
• reference books by issuers and tools,
• market quotations,
• account balances,
• risk factors,
• statuses of obligation fulfillment,
• reference books of credit requests and agreements,
• reference books of groups of the connected borrowers,
• reference books of subjects to providing and guarantee agreements, etc.

Specific Features

• In real time in a system control of limits, both on investment, and on credit deals works.
• The hierarchical structure of limits reflects any, most difficult limit sheet of the organization and has no restrictions for number of the nesting levels.
• Prednastroyeno large number of relevant limits of different types.
• A system gives various opportunities of adjustment of the solution of management and control of limits on the basis: from setup of a data structure, types of limits and algorithms of calculation of their utilization and processing, before support of business processes of the organization when sharing with BPM platforms. Events systems on which there is automatic recalculation of limits are customized. Tools for development of own reports in addition to a packet of the offered templates are offered.
• Ample integration opportunities of the JEE platform and a ready set of adapters for work with the different systems provide easy integration of EGAR Limits Manager into an IT landscape of the organization and support end-to-end processing of transactions (STP).
• System architecture is focused on achievement of maximum capacity even on "limited" hardware configurations. The solution is easily scaled and is ready for support of business of the largest geographically distributed financial institutions.

Development History

2017: Updating of functionality

On October 5, 2017 the EGAR Technology company announced updating of functionality of risk management system and control of limits of EGAR Limits Manager.

Main additions and changes

• the general functional and technical capabilities of a system are updated,
• the quantity of types of the limits included in the basic configuration is increased
• functions of search and monitoring of limits are expanded,
• notification mechanisms about violations are developed,
• support of custom algorithms for calculation of limits is included.
• the ergonomics of the user interface are improved,
• support of report types is implemented,
• quality control of the loaded data is improved
• the system of user rights is expanded.

Limits on position cost face value taking into account the transaction price, on a portfolio duration, a counter limit of the partner and a universal share limit are added to number of the limits preconfigured in the basic version. Limits metrics without restrictions - reference for calculation of other limits are added to a system, directly in the system interface the possibility of their choice appeared.

The subscription for transactions with violation of limits available in the EGAR Limits Manager interface, can be configured by any attributes of the transaction, the partner, issuer, the tool, a portfolio and the agreement now. In a system new reference books and also new qualifiers are added to the existing reference books: all of them are automatically available to viewing, editing and a task of conditions of reference of transactions under this or that limit.

It is finished external API platforms. In addition to the opportunities of loading of transactions, reference books, market data existing earlier, loading/unloading of limits and the limit statuses loading of value of use of limits is added that made possible control of the general hazard rates on bank, including on projects with an incomplete scope of business.

Within updating expansion of basic functionality EGAR Limits Manager, relevant for many participants of financial market, on the so-called limits of the personal responsibility used for temporary increase in a limit at a cash amount, rights to which certain persons of financial institution can have, is executed. Support of influence of the request for such increase at several limits is added at once.

Regarding the user interface:

• the ergonomics of the magazine of transactions of EGAR Limits Manager are improved;
• fields with the status of a limit, parts of calculations, boundary and current value of a limit are added to daily snapshots of sheaves a limit transaction;
• support of filters on help records for choice restriction is added.

The functionality of reporting system is expanded:

• the static report on limits in the status of waiting for projects is implemented,
• the static report on the prices of financial instruments is created,
• support of the enclosed reports – the screen reports allowing to provide by clicking on an element of the report detailing on the selected element is added
• support of fast turning / deployment of groups in reports is added,
• support of values by default for parameters of reports is included.

2016: Release of the version of EGAR Limits Manager

On August 25, 2016 EGAR Technology announced release of the version of risk management system and control of limits of EGAR Limits Manager.

The product is focused on the investment divisions of banks, investment and management companies operating in security market and currency and monetary on the organizations in the field of crediting rendering services of leasing and factoring.

EGAR Technology announced the considerable efforts directed within technology updating of the EGAR Limits Manager platform, on increase in productivity and on different configurations system and the hardware that according to developers is relevant for tasks a control pre-trade on investment transactions.

The company considers the most significant step in works on optimization of a system transfer of all application servers made in a settlement system in RAM and databases. It demanded modification of a kernel of the EGAR Limits Manager system, use of modern building tools.

Modification of a core of a system made possible connection to it of third-party components, external libraries which can be used for calculation of limits. Possibilities of users of a system on setup and development of own limits are at the same time expanded.

According to the results of stress testing on standard configurations of the equipment the speed of calculation of limits repeatedly grew, time of authorization of the transaction was reduced, doing process of control of limits almost imperceptible for eyes of the trader working with the trading system.

The EGAR Limits Manager system in real time provides control of limits, both on investment, and on credit operations in different cuts, executes preliminary and final control of transactions. The high level of detailing of information on requests, transactions and limits is offered to users, including - in a historical section, analytical tools for decision making on performing transactions.