SimCorp Dimension’s risk solution offers the opportunity to be in full control of the risk measurement process while minimising operational risk. This is achieved by taking advantage of all referential data and setups already defined in the SimCorp Dimension platform (static data, market data, complex investment structure coupled with customised client benchmarks defined at security level etc.). In fact, users are just a step away from calculating risk, and launching their entire reporting process from SimCorp Dimension’s enterprise solution.
SimCorp Dimension is highly flexible and offers the possibility to define risk factors, to decide the level of insourcing (should the volatility and correlation be imported or calculated, should beta values be imported or calculated etc.), to select risk models and to choose the preferred calculation processes. Should requirements change, users can broaden their functionalities by adding new modules without changing the existing workflow.
One single figure summarises exposure to hundreds of risk factors, across sectors, currencies, portfolios, etc. SimCorp Dimension’s risk solution provides the necessary transparency to understand these risk key ratios. From the risk factor definition, to the final key ratios calculation, all intermediate computations are displayed so that the figures and their dynamics can be understood and validated before feeding the processes for decision support or client reporting.
SimCorp Dimension allows for analysing of online snapshots, monitoring limits and reporting risk key ratios for sets of positions that can be aggregated, sliced and diced in any dimension. Risk key ratios can be computed based on simulated holdings in front office analyses for decision support or calculated and stored across time for reporting purposes. In SimCorp Dimension, it is straightforward to ensure consistency across different functions: it is only a matter of combining two inputs, a ‘risk model’ and a ‘position aggregation structure’ into your front office and operations workflows.
FEATURES
SimCorp Dimension offers a broad range of key ratios across the full asset class coverage, allowing clients to measure, monitor and manage their risk. All key ratios can be calculated, stored and reported at every level of a flexible, user-defined, position aggregation structure:
– Parametric, Monte Carlo and Historical Value at RiskIncremental, Marginal, Expected Shortfall and risk factor contribution for any time horizon, confidence level, and for both total and active risk
– Ex-ante VolatilityIncremental, Marginal, Expected Shortfall and risk factor contribution for total and active risk (ETE)
– Backtesting
– Standard, Predictive and Look-back Stress Test For user-defined risk factors and amplitude of the shock
– Dirty Value, Exposure, Leverage Exposure etc.In terms of value or weight for both portfolio and benchmark
– SensitivitiesDuration and convexity for fixed income, Greeks for options etc.
This database software will be a big help for my future career as it very convenient for investment manager to analyze and measure the risk of the stock market. With Risk Management I will keep a hold of my data with ease, and with a single click I can view the information and data that I want. And Risk Management can also analyze the risk for my stock market, so the risk that I take will be reduce in a great amount.
4 comments:
I do agree with you, in every business, managing funds is extremely important. Once have to keep track of the financial resource in all dimensions in order to secure it. SimCrop Dimension, a database software, is quite reliable. From this software, I can produce transactions without using a spreadsheet ad share data with others with a high security setting. In contrast, I quite do not understand one of its features “Slice and Dice” SimCrop Dimensions’s special feature see,s to be it but in your review, you did not mention how it does it work and what does it do to help businesses. I would appreciate your reply to my comment.
I think this database will be helpful for businessman or businesswoman because it help to analyze and measure the risk of stock market. However, I want to ask that is it and freeware? Is there a package of it? Additionally, I do not really understand about feature point about Backtesting, what is it about? I do not got that point because you haven't given the description of it.
My your reviewing, I can see the benefit of the Risk Management, however, I still hesitate and wonder of how accurate that you can trust on this Risk Management that can help you from the risk of protecting your database or your information. The reason that I mention because you using this software to help your self from the risk, but you don't know the risk of your information to be keep in appropriate way, how protected the software from hacker.
it's true that this software is helpful to businesses to manage their resource, but do you think that businesses or employees have knowledge about this software? do you think that it's reliable?
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