SimCorp releases 6.3
February 6, 2018

SimCorp, a provider of investment management solutions and services to the global financial services industry, today announced the new modules and enhancements introduced with Release 6.3 of its flagship solution, SimCorp Dimension.

It says that a key feature in the first of this year's bi-annual releases is a new Alternative Investments Manager. This enables buy-side firms to handle illiquid, alternative investment types, such as Private Equity, Real Estate and Infrastructure, alongside more traditional assets, it says.

The Alternative Investments Manager offers the buy-side market an automated solution for its alternative investments, dispelling the need for niche systems and manual processes. Users can fully integrate the module with SimCorp Dimension's IBOR (Investment Book of Record) to effectively support multi-asset investment strategies in one highly automated system.

The first of this year's two SimCorp Dimension releases also introduces the Strategy Manager. This is a new solution that provides enhanced functionality for compliance with Solvency II. Since its introduction, Solvency II has pressed firms to carry out more in-depth analysis of the various investment outcomes on their Solvency Capital Requirement and consider this analysis more actively in their investment decisions.

By introducing the new ‘what-if' functionality, the Strategy Manager solution enables users to simulate different strategies and actively manage Solvency Capital Requirements. This analysis is valuable to pension funds and insurers, for steering their strategy and investments and for deciding how to handle large market movements. The solution is equally valuable for asset managers with a wish to provide best-in-class services to asset owners.

Release 6.3 integrates front office and collateral management workflows, initially enabling portfolio managers to block positions from the collateral pledging process. Operational improvements include short checks on collateral pledges and recalls, usability enhancements in the recently released Margin Manager and dashboards, and extended instrument support.

Release 6.3 completes SimCorp's delivery of functionality to support MiFID II (markets in financial instruments directive II) compliance. Seamlessly integrated across front office and IBOR, the solution offers the workflows needed to establish automated T+1 Article 26 transaction reporting and real-time trade reporting via FIX. In addition, interfaces with trading venues have been updated to offer compliance with MiFID II's order record-keeping requirements.

Marc Schröter, SVP of SimCorp Product Management said: "Many investment managers are starting to realize the need for integrated and automated IT platforms to reduce costs and operate more efficiently. The new Alternative Investments Manager is significant, because it enables the buy side to manage all asset classes in one unified solution, powered by an IBOR at the core of the investment system. By investing 20 percent of our annual revenue into R&D (research and development), we will continue innovating our offering, including alternatives, to provide the buy-side with the forward-looking functionality they need."

The next version will be released in August 2018.

 





This site, like many others, uses small files called cookies to customize your experience. Cookies appear to be blocked on this browser. Please consider allowing cookies so that you can enjoy more content across fundservices.net.

How do I enable cookies in my browser?

Internet Explorer
1. Click the Tools button (or press ALT and T on the keyboard), and then click Internet Options.
2. Click the Privacy tab
3. Move the slider away from 'Block all cookies' to a setting you're comfortable with.

Firefox
1. At the top of the Firefox window, click on the Tools menu and select Options...
2. Select the Privacy panel.
3. Set Firefox will: to Use custom settings for history.
4. Make sure Accept cookies from sites is selected.

Safari Browser
1. Click Safari icon in Menu Bar
2. Click Preferences (gear icon)
3. Click Security icon
4. Accept cookies: select Radio button "only from sites I visit"

Chrome
1. Click the menu icon to the right of the address bar (looks like 3 lines)
2. Click Settings
3. Click the "Show advanced settings" tab at the bottom
4. Click the "Content settings..." button in the Privacy section
5. At the top under Cookies make sure it is set to "Allow local data to be set (recommended)"

Opera
1. Click the red O button in the upper left hand corner
2. Select Settings -> Preferences
3. Select the Advanced Tab
4. Select Cookies in the list on the left side
5. Set it to "Accept cookies" or "Accept cookies only from the sites I visit"
6. Click OK

SimCorp, a provider of investment management solutions and services to the global financial services industry, today announced the new modules and enhancements introduced with Release 6.3 of its flagship solution, SimCorp Dimension.

It says that a key feature in the first of this year's bi-annual releases is a new Alternative Investments Manager. This enables buy-side firms to handle illiquid, alternative investment types, such as Private Equity, Real Estate and Infrastructure, alongside more traditional assets, it says.

The Alternative Investments Manager offers the buy-side market an automated solution for its alternative investments, dispelling the need for niche systems and manual processes. Users can fully integrate the module with SimCorp Dimension's IBOR (Investment Book of Record) to effectively support multi-asset investment strategies in one highly automated system.

The first of this year's two SimCorp Dimension releases also introduces the Strategy Manager. This is a new solution that provides enhanced functionality for compliance with Solvency II. Since its introduction, Solvency II has pressed firms to carry out more in-depth analysis of the various investment outcomes on their Solvency Capital Requirement and consider this analysis more actively in their investment decisions.

By introducing the new ‘what-if' functionality, the Strategy Manager solution enables users to simulate different strategies and actively manage Solvency Capital Requirements. This analysis is valuable to pension funds and insurers, for steering their strategy and investments and for deciding how to handle large market movements. The solution is equally valuable for asset managers with a wish to provide best-in-class services to asset owners.

Release 6.3 integrates front office and collateral management workflows, initially enabling portfolio managers to block positions from the collateral pledging process. Operational improvements include short checks on collateral pledges and recalls, usability enhancements in the recently released Margin Manager and dashboards, and extended instrument support.

Release 6.3 completes SimCorp's delivery of functionality to support MiFID II (markets in financial instruments directive II) compliance. Seamlessly integrated across front office and IBOR, the solution offers the workflows needed to establish automated T+1 Article 26 transaction reporting and real-time trade reporting via FIX. In addition, interfaces with trading venues have been updated to offer compliance with MiFID II's order record-keeping requirements.

Marc Schröter, SVP of SimCorp Product Management said: "Many investment managers are starting to realize the need for integrated and automated IT platforms to reduce costs and operate more efficiently. The new Alternative Investments Manager is significant, because it enables the buy side to manage all asset classes in one unified solution, powered by an IBOR at the core of the investment system. By investing 20 percent of our annual revenue into R&D (research and development), we will continue innovating our offering, including alternatives, to provide the buy-side with the forward-looking functionality they need."

The next version will be released in August 2018.

 



Free subscription - selected news and optional newsletter
Premium subscription
  • All latest news
  • Latest special reports
  • Your choice of newsletter timing and topics
Full-access magazine subscription
  • 7-year archive of news
  • All past special reports
  • Newsletter with your choice of timing and topics
  • Access to more content across the site

More on:  Technology update