This project allows integrating in successive stages the collection of operations of the company’s balance sheet (600’000 operations under an accounting plan of 8’500 nodes), implemented on the type blade calculators which was necessary in order to make the solution secure, productive and durable.
The whole process allowed that the production of daily indicators based on statistic calculations (gap rates, fixing days gaps, liquidity gap, NPV, global sensitivity, maturity sensitivity, etc.) to be automatically executed. The results are displayed in customized reports or using the GADB, a system which has a further advantage: the history of the indexes and the calculation of the acquired profit are preserved.
In 2006 Dexia also decided to extend the geographical perimeter of use of the riskpro™ solution, having it extended to its offices in Dublin. The implementation project, which lasted only six months, shows how simple it is to expand the use of such a complex calculating tool to other branches and also how feasible it is to extend the use of riskpro™ in the coming years. An environment for monthly calculations was also created. With it, accounting bridges and dynamic calculation were done, notably the profit concept.
2007 will be mainly dedicated to migrate riskpro™ to its latest version. riskpro™ 2.6 will enable Dexia the creation of profiles and the use of the Hedging IFRS functionality.
About DEXIA – «Without continuity nothing can be built »
Dexia is a European banking group with international projection. Created in 1996 as an alliance between Crédit Local de France and Crédit Communal de Belgique, Dexia is widely present in 30 countries and counts with more than 24 000 employees. Dexia’s core business is the financing of public institutions, mainly through the intermediation of its subsidiary Dexia Credit Local, and the financial services to private parties, the asset management and financial dealings.
About IRIS AG
IRIS AG (www.iris.ch)
About riskpro™
riskpro™ enables financial organizations to measure and monitor risk and profitability enterprise-wide with a single cost effective integrated analysis infrastructure. riskpro™ covers: Market Risk Analysis, Credit Risk Analysis, Performance and Funds Transfer Pricing, Dynamic Simulation, Strategic Enterprise Management (SEM), Limit Management, Settlement Risk, Rating / Scoring, Basel II, Regulatory Capital, Economic Capital, Capital Allocation, IAS 32 & 39 / IFRS 7, Solvency II, Asset and Liability Management, Liquidity risk Management and Analysis, Operational Risk.
These analyses cover all financial products, from saving accounts to exotic options, for any type of accepted valuation method. The underlying universal contract-centric data model and calculation engine of riskpro™ ensures precision and consistency in all results. riskpro™ is currently being used or implemented in over 200 small to large financial organizations in 20 countries.
For more information, contact:
Augustin Nkamleun Fosso
Direction Market Risk Management
DEXIA Credit Local
+33 (0)1 43 92 75 03
augustin.nkamleumfosso@
www.dexia-creditlocal.fr
Lidia Suligoj
Sales and Marketing Coordinator
IRIS integrated risk management ag
+41 (0)44 388 59 59
iris.info@iris.ch
www.iris.ch