CID
Control of Depository Institutions
CID Overview
CID has been designed with advanced audit capabilities to help Depository Institutions in controlling and supervising management and administration tasks of Collective Investment Institutions and Pension Funds.
CID stores information received from the Management Company (operations, accruals, settlements, Reserved Statements, prices, balances, etc.), features its own automatic export interface to CID from the GOLF application (CID also allows receiving information from external applications) and from the Depository Institution itself (including external sources: prices, operations, balances, etc.) for each portfolio under management.
The Management Company also provides master data used in the calculations, i.e. definition of instruments, fees or portfolio indicators that the latter uses to calculate Net Asset Values.
Tool with advanced audit capabilities to help Depository Institutions with control and supervision tasks.
Main Features
- Detection of deviations in the Net Asset Value through statistical methods: Industry Index Regression, Proxy Regression, Statistical Margin Net Asset Value, Net Asset Value vs. Benchmark, and Large Positions Method.
- Control of Statutory and Prospectus Limits and Coefficients.
- Verification of the information submitted to Regulatory Bodies of Reserved Statements and Periodic Public Information.
- Calculation of the Commitment/Risk in Derivatives as per Circular 6/2010.
- Depository Company forms.
- Specific control processes with incidents reporting.
- Reconciliation of bank movements.
- Detailed report of incidents or breaches indicating their origin, IIC and non-compliance and resolution dates.
- Certificate of net asset value based on incidents detected through control processes.
- Comparison of operations and balances of the information of the Management Company and the Depository Institution.
- Application adapted to the Portuguese Control Practice.
CID complements
Control of Statutory and Prospectus Limits and 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.
Supervision of Hedge Funds
Extension of the CID application to handle Hedge Funds:
- Periodicity of the daily assessment.
- Calculation of Net Asset Value.
- Daily file upload.
- Calculation of Limits and Coefficients.
- Generation of Reserved Statements.
- Generation of Periodic Reports (Quarterly)
Supervision of Pension Funds
Extension of the CID application to handle Pension Funds:
- Close of Pension Funds.
- Net Asset Value at the Plan level.
- Verification of Statements DGS FPs.
Supervision of Private Equity Institutions
Checks and verifications on the operations of Private Equity Institutions (ECR) in the CID application of RD Sistemas, used by the depository company pursuant to Law 22/2014, of November 12, by which regulate the activities of the Private Equity Institutions.