XXXX? Enterprise Limits
Boundless Enterprise Limits
XXXX Enterprise Limits solution was designed to meet the current and future needs of risk managers in an efficient and cost effective manner. The XXXX Enterprise Limits solution is comprised of both Market Risk Limits and Credit Risk Limits modules, built using the latest technology available in the marketplace to enable quick and easy integration with other risk and front office trading applications. The benefits of using the XXXX Enterprise Limits solution include:
Rich desk-level functionality to support decisions on a trade or portfolio basis
Real-time limit control for monitoring and managing risks in counterparty, issuer, market, credit, and other bespoke trading situations
Holistic risk management of limit types on a single application
Configurable risk measures for all asset classes ‘out-of-thebox’
Sophisticated exposure consolidation across measures
Geographic, industry, and rating type exposure concentration in real-time
Enterprise limits defined at any level – trader, desk, book, entity – by current, product/group, or source system
Controllable transparency adhering to a four-eyesprinciple ? On demand reporting of standard and user specific reports
Market Risk Limits Module
Unprecedented volatility in the capital markets is driving the need to better monitor and manage market risk across the trading enterprise. Our Market Risk Limits module answers this need, providing extensive coverage of market limits and customizable excess management rules.
XXXX Enterprise Market Risk Limits enables you to set, monitor and manage limits on Positions, P&L, Greeks, Valueat- Risk, and Stress Scenarios, using configurable aggregation hierarchies on attributes such as product, book, currency, country and sector. This means that oversight of trading activity is performed in a configurable dashboard that can be customized to display real-time alerts to the appropriate groups responsible for monitoring limits.
Credit Limits Module
The spotlight on counterparty risk management has moved credit risk to the top of the agenda for regulators, stakeholders, traders and risk managers. Delivering a comprehensive solution for the automated control of counterparty risk is complex, and requires in-depth understanding of an organization’s policies and workflows. XXXX Enterprise Credit Limits module was designed to solve this urgent problem, offering limit and excess management functionality that can be deployed quickly and cost-effectively in the environment with multiple Front Office trading applications.
The XXXX Enterprise Credit Limits module provides comprehensive solutions for monitoring and managing realtime limits across a variety of risk categories:
Settlement Risk
Credit Exposure
Issuer Risk
Tenor Risk
XXXX Enterprise Credit Limits supports counterparty and netting hierarchies, and has extensive excess management workflow to ensure that appropriate action is always taken in the event of any limit breech.
XXXX Enterprise Limits – Functional summary
Hierarchies
Internal hierarchy
Multiple bespoke internal hierarchies
Supports both management & legal perspective
Counterparty hierarchies
Creation of legal entities including roles e.g. counterparty or issuer
N-tier hierarchies
Product hierarchies
Multiple bespoke product hierarchies
Product groupings
Settlement risk
Settlement risk ladder
Daily cash-flow views
Drill-down to trades contributing to settlement cash-flows
Definable periods and buckets e.g. 1D, 1W, 1M, 3M
Netting or no netting
CLS trade handling
DVP trade handling
Credit exposure
Original exposure
Using principal or percentage of principal
Current exposure
Using mark-to-market
Using MTM plus add-on
Netting or no netting
Exposure by tenor bucket
Exposure to impact all tenor buckets up to remaining maturity of trade
Exposure to impact just the tenor bucket that remaining maturity falls in
Issuer risk
Notional exposure
Nominal and principal exposure to the issuer\guarantor of the security
Both gross and netted measures
Limits
Creation of limits
Limits for legal entities
Multiple limit groupings
Multiple limit filters
Authorization of limits
Import of limits from external source
Limit lifecycle
Expiry
Freezing
Adjustments
Front office support
Pre-deal limit check
Limit check function from trade screen or callable by API
Return message to include details of limits impacted
Facility for credit officer or limit admin user (with no
access to front office trade capture screen) to do a limit
check on a proposed trade
Pre-deal violations
Warning if trade will cause a limit excess
Drill-down and graphical display of limit utilization
Credit exposure Pre-deal reservation
Reserve a limit for a short time period
Cancel reservation
Expiry of reservation
Reports
Standard online reports
Daily violations and warnings
Limit utilization
Limit utilization with full trade details
Search/find facilities
Limit audit reports
Intra-day limit utilization
Historical end-of-day limit utilization
XXXX?企业限额管理系统
多不胜数的企业限额设置
“XXXX企业限额管理”解决方案专门用于满足当前及未来以高效而经济的方式来进行风险管理的需求。它既包含有市场风险限额单元，也包含有信用风险限额单元，它们都是以当前最新的技术来制作的，能够快速、方便地与其它风险管理和前台交易应用软件整合起来。这套软件的优点包括：
有丰富的柜台功能可供选择，以支持关于交易或投资组合基础的决策；
提供实时限额控制，以便监控并管理对手方、出票人、市场、信用和其它预定交易情形中的风险；
在单独的一套软件中实现对各种限额类型的整体风险管理；
为所有资产类别提供“即选即用”的可配置风险度量工具；
实现交叉度量之间精密的风险敞口合并；
实时的地理、行业与费率类风险敞口集中；
通过当前系统、产品/产品组或源系统（source system）而在任意层面上进行企业限额定义，包括交易员、柜台、帐簿和实体层面；
具备严守双人监控原则的可控透明性；
应需生成的标准报告及用户特定报告。
市场风险限额管理单元
资本市场上前所未有的波动性驱使人们寻求对整个交易企业进行更好的市场风险监控与管理。我公司的“市场风险限额管理”单元满足了人们的这一需求，它覆盖众多的市场风险类别，并提供用户化的超额管理规则。
“XXXX企业市场风险限额管理系统”使用户能够采用产品、帐簿、货币、国家及部门这类属性的可配置集合层级，来订立、监控并管理头寸、盈亏、期权价格敏感度、压力情境的限额。这就意味着对交易活动的监督是在一个可配置的仪表板上完成的，这个仪表板可以用户定制，以显示对负责限额监控工作的对应工作组给出的实时提醒。
信用限额管理单元
由于对手方风险管理所受到的高度重视，信用风险管理就成为了调控者、利益相关方、交易员和风险管理人员的首要事项。对手方风险自动控制解决方案的拟制是相当复杂的，并且需要对组织策略与工作流的深入了解。“XXXX企业信用风险管理”单元即是专为解决这一紧迫问题而设计的，它提供限额与超额管理功能，这些功能可以快速、经济地在装有多种前台交易应用软件的环境中进行配置。
“XXXX企业信用限额管理”单元为以下各种风险范畴的实时限额监控与管理提供了全面的解决方案：
结算风险；
信用风险敞口；
出票人风险；
期限风险。
“XXXX企业信用限额管理系统”支持对手方和净额结算层级，并具备多种超额管理工作流，以确保用户在超过限额的情况下始终能够采取正确的行动。
XXXX?企业限额管理系统——功能一览
层级
内部层级
多重预定内部层级；
支持管理与法律观点
对方手层级
创建包括角色在内的法人实体，例如对手方或出票人；
N级结构层级（N-tier）。
产品层级
多重预定产品层级；
产品分组。
结算风险管理
结算风险阶梯
日常现金流查阅；
钻取式结算现金流交易归类；
可定义期限及对作，比如1天、1周、2月、3月（1D、1W、1M、3M）；
净额或非净额结算；
CLS交易处理；
DVP交易处理。
信用风险敞口管理
初始风险敞口
采用本金或本金的百分比。
当前风险敞口
按市值计算；
采用市值＋附加因子的方法来计算；
净额计算或非净额计算；
期限对作（tenor bucket）的风险敞口；
在剩余交易到期日中影响所有期限对作的风险敞口；
只影响剩余到期日所属期限对作的风险敞口。
出票人风险
承作风险敞口
对证券出票人/担保人的名义与本金风险敞口；
总额测算与净额测算。
限额
限额创建
法人实体限额；
多重限额分组；
多重限额过滤；
限额授权；
从外部源导入限额。
限额生命周期
到期日
冻结
调整。
前台支持
交易前限额核对
通过交易过滤或API调用来实现限额核对功能；
返回包括受影响限额详情的消息；
供信贷官员或限额管理员用户（没有前台交易截屏访问权）进行提议交易限额核对的工具。
交易前违规
如果交易会超出限额则提出警告；
限额使用度的钻取式访问与图形显示。
交易前预留
预留一个短期限额；
取消预留；
预留到期。
报告
标准联机报告
日常违规与警告；
限额使用度；
附有交易细节的限额使用度；
搜索/查找工具；
限额审计报告；
日内限额使用度；
日终限额使用度历史记录。 原件下载：  |
