Products

CHEC

CHEC

Audit Tool Set

Chec: Overview

Compliance with Regulations, Risk Management and Internal Auditing Practices

At RD Sistemas, we are keenly aware of the great regulatory burden borne by our clients daily. Thus, we strive to ease that operational load through the development and continuous evolution of effective and efficient applications, designed to save time without neglecting key business aspects.

CHEC arises from our efforts in that respect. Its primary goal is to meet the internal control needs of the Management Companies of Collective Investment Institutions, Pension Funds and Investment Companies. To this end, the application defines three information control, management, and exploitation areas:

  • Compliance with regulations
  • Risk management
  • Internal Audit

CHECK primarily seeks to meet the internal control requirements of the financial industry

Main Features

  • OTC Risk Assessment.
  • Developments to measure OTC risks (Individualised and in the portfolio) and determine their price, delta, GAMMA, THETA, VEGA.
  • Risk Control Dashboard
  • Standard Order Control.
  • Price Tier Control.
  • Suspicious Operations Report.
  • Linked Operations/Operations Control.
  • Risk Consumption (counterpart).
  • Non-quoted Prices / Contributor Statistics.
  • IIC Management Ratios Table..
  • Comprehensive IIC dashboard by management company; Fund Ratios and Benchmarks.
  • Reconciliation of Securities, Cash and Nominal Amounts with Depository Institution.
  • Incorporation of data from Depository Institution and comparative report.
  • Verification of Net Asset Values.
  • Checklist Processes Control.

CHEC complements

01

Control of particular limits and brochure and internal coefficients

RD Sistemas offers a solution designed for Financial Institutions to control and manage individual limits: Prospectus and Internal limits.

Main features:

  • Maintenance and registration of Particular Limits by the user, from a Standard Library of previously created Concepts.
  • Calculation of Internal and Prospectus Limits entered by the user.
  • Several queries, justification of calculations and validations of limits entered by the user.

Additionally, RD Sistemas offer its clients a comprehensive Consultancy Service for the configuration of Individual and Prospectus Limits:

  • Study and analysis of prospectuses and limits by RD Sistemas Consultancy Services.
  • Entry of limits and association with funds by RD Sistemas Consultancy Services.
  • Launch through the simple import/export interface.
  • Calculation of internal limits entered by RD Sistemas Consultancy Services.
  • Calculation of prospectus limits entered by RD Sistemas Consultancy Services.
  • Several queries, justification of calculations and validations of limits entered by RD Sistemas.
02

Management and Analysis of Liquidity Risk / Market Depth

This RD Sistemas module offers our clients various tools to identify, evaluate and quantify Market Risks, Credit Risk and Liquidity Risk, as well as as the global impact on the risk profile of the IIC.

Specifically, the application focuses the control points of the Risk Management on the following processes: Market orders execution control, Market Risk, Credit Risk and Liquidity Risk.

03

Complete Fee Management Module

This Fee Management module is designed to comply with the relevant CNMV Circular, which specifies that the Regulatory Compliance unit should control breaches concerning fee limits, according to the provisions of RD 1309/2005.