RISKFIN. FAUR Financial Analysis and Risk management

Software package "RISKFIN. Financial analysis and Risk management" (PC "RISKFIN. FAUR", the Certificate on state registration of the computer programs No. 2015616244) — a universal information system of the complex financial and economic analysis and risk management. PC "RISKFIN. FAUR" is used for assessment of credit, interest, currency, equity risks and liquidity risks and also country, industry, legal, reputational and operational risks. It is the instrument of efficiency analysis of activity, quality of management, financial stability and solvency.

PC "RISKFIN. FAUR" is demanded in banks, insurance and investment companies, the pension funds and also in large holdings, state companies and on industrial enterprises. PC users "RISKFIN. FAUR" are financial analysts and risk managers, the staff of economical departments, securities and investments specialists, internal controllers and auditors and also chief financial officers and heads of the companies.

Features

Software package "RISKFIN. The financial analysis and Risk management" automates analytical work in the field of an internal and external financial analysis, calculation of crediting limits and also the quantitative risk assessment necessary for formation of reserves and calculation of the capital under risks. The solution defines sensitivity of a financial result to risk factors and allows to execute transformation of the reporting of the Russian standards in international.

To credit institutions of the PC "RISKFIN. FAUR" helps to control accomplishment of standards of the Bank of Russia and to observe criteria of admission of commercial bank in deposit insurance system. The solution supports stress testing of separate financial instruments, a portfolio of tools and bank in general, assessment of solvency of clients and their classification by groups of risks, gives the chance to calculate operational risks, key indicators of risk and limits.

To Not credit institutions of the PC "RISKFIN. FAUR" provides a management tool a broad spectrum of risks. The solution allows to estimate the probability and the amount of losses from untimely or incomplete repayment of receivables of buyers, changes of market prices of materials, component parts and own products, helps with risks assessment, the currency rates and loan interest rates connected with changes.

Data and methods

Software package "RISKFIN. The financial analysis and Risk management" is the powerful instrument of creation of analytical reports on the basis of different quantitative and qualitative information. Accounts of accounting, financial performance of the company, bank, share or pension fund, insurer, the file of clients and orchestra seats, data of the Bank of Russia and Ministry of Finance and also statistical information, currency rates, interest rates, standards and even individual expert evaluations — all this can be used for creation of forecasts, the analysis and risk management.

At the disposal of the PC user "RISKFIN. FAUR" — the wide choice of tools and methods of the analysis including analytical tables with a set of indicators, report templates, formulas and schemes. The product is easily configured according to changes of charts of accounts, forms of the reporting or standards. Parameters of the offered methods and also the formulas of indicators of analytical tables put in the solution can independently change the user.

Convenience and visualization

PC "RISKFIN. FAUR" becomes irreplaceable in the conditions of gain of requirements to risk management in credit institutions and need to document risks assessment methodology, yielded and calculation results. Using the solution the analyst can quickly provide information to the regulator when checking and store necessary documentation of numerous versions of intra bank techniques.

The convenient and easily configured designer helps to estimate risks and to analyze different parameters not only in a report type and diagrams. Examples of methods allow to transform difficult enrollment of indicators to ratings, a ranking and qualifiers, doing analytical work in the company of the most visual. Users have an opportunity to independently set up the solution under the tasks without the need for programming.

2016

"RISKFIN. FAUR" in the register of the Russian computer programs

According to order of the Government of the Russian Federation No. 1236 of November 16, 2015, the decision of Expert advice on the Russian software at the Ministry of Telecom and Mass Communications of the Russian Federation of August 31, 2016 and on the basis of the Order of the Ministry of Telecom and Mass Communications of the Russian Federation No. 426 of 9/6/2016, a software package "RISKFIN. Financial analysis and Risk management" (PC "RISKFIN. FAUR") is included in the unified register of the Russian programs for electronic computers and databases.

"VPODK. Capital adequacy assessment"

On July 14, 2016 the RISKFIN company announced development integration "to VPODK. Capital adequacy assessment" in a software package "RISKFIN. A financial analysis and Risk management" as the add-on module.

The module is implemented taking into account requirements of the Central bank of the Russian Federation (The instruction of April 15, 2015 No. 3624-U "About requirements to risk management system and the capital of credit institution and banking group").

The techniques included in structure of the module provide carrying out calculations taking into account factors of the credit, market and operational risks which are completely not considered within requirements of Provisions of the Bank of Russia No. 254-P, No. 283-P, No. 346-P, No. 511-P, instruction No. 139-I and also assessment of the capital necessary for a covering of non-financial risks. The module uses the estimates of significant risks received during the operation of other modules of a software package in calculation of the aggregate capital necessary for bank.

The user can calculate and create necessary reports on the indicators characterizing capital adequacy and necessary for fulfillment of requirements of the Bank of Russia:

• cumulative capital necessary for bank;
• available capital of bank;
• level of sufficiency of available bank of the capital;
• the indicators of regulatory sufficiency of own means (the basic, fixed and aggregate capital) defined according to Provision No. 395-P.

Since July 1, 2016 PC "RISKFIN. FAUR" is provided in use in two complete sets:

• basic (without module "VPODK. Capital adequacy assessment");
• basic + (with the module "VPODK. Capital adequacy assessment").

FACTOR capital adequacy Assessment

The program is developed on the basis of requirements of the Central bank of the Russian Federation (The instruction of April 15, 2015 N 3624-U) "About requirements to risk management system and the capital of credit institution and banking group". By requirements it is established that each credit institution (parent credit institution of banking group) should create risk management system and the capital by implementation of the internal procedures of assessment of capital adequacy (IPACA).

Software module "FAKTOR capital adequacy Assessment" automates methods and procedures of capital management, including a task of planned (target) level of capital adequacy, assessment of a capital need, assessment of sufficiency and distribution of the available capital by types of significant risks and activities of credit institution.

RISKFIN is going to integrate the "FACTOR capital adequacy Assessment" program into a software package ". FAUR" as the add-on module of a complex with the name "VPODK. Capital adequacy assessment", in abbreviated form "VPODK of UEC".

The analysis of insurance companies in the PC "RISKFIN. FAUR"

The range of analysis techniques of partners – insurers is expanded.

New in the PC "RISKFIN. FAUR":

• format of import of data: the statistical (quarter) and accounting (annual) reporting of insurance companies published on the website of the Bank of Russia is provided in the uniform file of the PC internal format "RISKFIN. FAUR",
• two analysis techniques of statistical reporting of insurance companies for creation of internal credit rating which can be used by analysts and risk managers as separately in the form of a basis for creation of own techniques, and as addition to them.

When calculating rating assessment of the insurer of value of financial and economic coefficients can be applied or directly in the absolute values (in a technique "The analysis of statistical reporting of insurance companies"), or with preliminary calibration when in calculation of rating mark assessment of values of these coefficients is used (in a technique "The analysis of statistical reporting of insurance org-tion (points)").

Besides, each of the offered analytical indicators (whose statistical certainty for assessment of financial stability of insurance company is already confirmed with the procedure of validation), can be included by the user in structure of own techniques, both in mark, and in absolute assessment. Such addition of the techniques constructed on the basis of annual accounting records with the indicators received quarterly from statistical forms will allow analysts to update risks assessment of partners insurers quickly.

Changes in the PC "RISKFIN. FAUR"

List of changes in a software package "RISKFIN. A financial analysis and Risk management" of 3/21/2016:

• the functionality of import of these forms of accounting and statistical reporting of the insurance companies published on the website of the Bank of Russia from specially prepared files of an internal format (TPS) of RISKFIN LLC http://www.riskfin.ru/support/account_insurer is finished.;
• a number of corrections and improvements is entered.

List of changes in a software package "RISKFIN. A financial analysis and Risk management" of 1/20/2016:

• the functionality of import of these forms regarding expansion of types of templates of import of data of the configured format is finished;
• the functionality of methods of calculation of indicators of analytical tables is expanded. The calculation method "is added by T there is a trend for several dates" (reflecting dynamics of change of measure values, starting with selected dates back before current date);
• the functionality of reports of formation of Excel is expanded (the feature for use of information on sub-accounts is added);
• a number of corrections and improvements is entered. For databases of the Russian credit institutions (type of databases "credit institutions"):
• according to Instructions of the Bank of Russia necessary changes are made to reference books of containers of data, tools, report templates and templates of import of data.

Pricing of options

The applied forecasting model of the expected cost of financial instruments is changed. As a result of upgrade, value assessment of option contracts is made on the basis of forecasting of future expected cost of an underlying asset and its volatility.

2015

New methodologies of the analysis of credit risk of banks partners and operational risk

The main changes are connected with methodologies of the analysis of credit risk of banks partners and an operational risk, expansion of functionality of a software package and increase in convenience of using of the program by users.

Specialists of RISKFIN LLC, within regular check of operability of analysis techniques of a financial status of the Russian commercial banks, carried out them validation for as which material the financial statements more than 900 Russian banks which agreed to placements of the financial statements on the website of the Bank of Russia in five last years (2010-2015) served.

On the basis of the conducted statistical investigations it was revealed that techniques: "Cluster analysis (CALYPSO)", "CAMEL 254-P", "Cluster analysis (CALYPSO) 254-P" and "Internal credit rating of CAMEL", in the conditions of the changed macroeconomic environment and supervising regulation do not reach a necessary threshold of the quality estimated on the basis of the analysis of a ROC curve (Receiver Operation Characteristic).

Necessary identification procedures of new significant parameters of the used models were made for quality improvement of techniques and estimates of their values are carried out. As a result of the done research work instead of lost efficiency new techniques were created: "Express Analysis (Russian Federation)", "Express Analysis (Russian Federation) 254-P", "CAMEL 254-P from 7/1/15" and "Internal credit rating of CAMEL from 7/1/15". Validation of newly created techniques confirmed the quality level sufficient for practical use.

In addition to updating of parameters of the existing techniques, were created new, based, including, on other determination of the event of default, namely: disconnection of credit institution from the system of the bank electronic due payments (BEDP) and/or withdrawal of the banking license. The technique of "Risk-Filtr.Bank (Russian Federation)" allows to estimate the probability of revocation of license and/or disconnection from the BESP system in the short term, a technique of "CAMEL-Filtr (Russian Federation)" - within the next year. Validation of techniques showed the excellent predictive and distinguishing capability.

Within modification of a software package the following changes were made to its functionality:

• the new type of forms is added;
• the functionality of manual entry of data on the Excel templates and import of data to forms is upgraded;
• the feature for use in reports of Excel of information from the file of the organizations is added;
• the feature for text interpretation of the calculated measure values of analytical tables in calculation results and the created reports is added;
• the functionality of setup of schemes of a mark and weight method of the module "Analysis of an Operational Risk" is expanded;
• the functionality of creation of reports "The card of risks" and Ranking in the module of "The analysis of an operational risk" is upgraded.

Changes in the PC "RISKFIN. FAUR"

• The scenario analysis of changes of analytical indicators, for example, such as is developed:
  • values of obligatory standards (size variation of the capital, assets taking into account risk, etc.);
  • reservation percent on a loan (change of a financial position of the borrower, etc.);
  • indicators according to the Instruction of Bank of Russia No. 2005-U of 4/30/2008. "About assessment of an economic situation of banks" (change of indicators of assessment of the capital, assets, liquidities, etc.).

• The functionality of import of data of the reporting under templates of the configured and internal format is expanded.
• The new data type depending on category of the organizations is added to the reference book of forms.
• The functionality of the analysis of an operational risk in a part is modified:
  • possibilities of accounting of expert evaluations when calculating "the card of risks";
  • capital estimates under risk (ORC) by method of "simulation modeling" taking into account scenarios;
  • procedures of regulation when using in dismissed external base of events;
  • settings of functionality of schemes of a mark and weight method (there was an opportunity to create and edit regression models of assessment of expected losses in the expert way);
  • report generation "Card of risks" and Ranking.

• Parameters of the existing analysis techniques of credit institutions are updated and new techniques are created
• The reference book of reports in the Excel format is systematized, process of formation of lists of dates is automated.
• The feature for use in reports of Excel of information from the file of the organizations is added.
• The feature for text interpretation of the calculated measure values of analytical tables in calculation results and the created reports is added.
• The feature for automatic separation of data sampling for regression analysis and validation of the rating systems is added.
• Search in ranging of results of calculation of analytical tables is implemented.
• In functionality of categories of the organizations the feature for dynamic change of the list of the organizations relating to one of categories for the set date is added.
• Measure calculations at risk analysis (overall risk, a liquidity risk) are optimized on time.
• At implementation of component analysis of indicators features for use of auxiliary dates and setup of accuracy of the made calculations are added.
• The functionality of information search in the database of the file of the organizations (search in all / any condition) is updated.
• The functionality of export of data in an internal format is expanded: export of categories of the organizations is added, export of attributes of the organizations is modified.
• Service functions are finished and optimized (the mechanism of methodical updating of the database, functionality of removal of information from the file).
• Algorithms of regression analysis and validation of the rating systems are modified.
• The functionality of component analysis of indicators is modified.
• The functionality of work with the file of the organizations is modified and optimized.
• The functionality of categories of the organizations is modified.
• The functionality of export / import of data in an internal format is expanded.

Release of the version of the RISKFIN FAUR PC 1.0.2

On December 14, 2015 the RISKFIN company announced release of updating of the software package "RISKFIN Financial Analysis and Management and Risks" of version 1.0.2.

Changes in a software package

For databases of the Russian credit institutions (type of databases "credit institutions") according to instructions of the Bank of Russia changes are made to reference books of tools and report templates.

Updating of a software package "RISKFIN. Financial analysis and Risk management"

Software package "RISKFIN. Financial analysis and Risk management" (PC "RISKFIN. FAUR") requires regular updating. Updating of a software package is made according to changes of requirements of the Bank of Russia and another regulating, supervisory authorities, adding in the program of opportunities, corrections of the revealed errors.