New SimCorp Dimension Platform Offers Enhanced Risk Functionality

The new stress-testing capability includes loss scenarios, tables and charts. Version 5.3 also automates manual processes. A number of new modules, as well as several enhancements to existing modules, have been designed to allow users to optimize processes, while complying with industry standards and reducing costs and manually intensive workflows.

From a settlement perspective, the streamlined collateral substitution process allows users to reduce collateral shortfalls and save time ─ users can forecast events on outstanding collateral, which improves control over the collateral substitution process.

Version 5.3, part of the vendor's semi-annual release schedule, also features enhanced front-office functionality, which aids buy-side user-firms' compliance responsibilities; by establishing multiple hierarchies, firms can implement robust security protocols throughout the compliance function, resulting in improved authorization features.