| Since 1990, Bureau van Dijk Electronic Publishing (BvDEP) has developed a variety of credit related applications ranging from straightforward scoring templates to sophisticated credit risk management tools. |
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| In 2001, in response to the changing regulatory climate, BvDEP developed a multi-faceted risk framework to help banks work smarter and support Basel and central bank requirements. |
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| BvDEP’s credit management solutions are presented under the FACT (Financial analysis and credit tool) brand. |
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| On a basic level, FACT is a platform that facilitates the integration and mapping of various sources of data (from databases published by BvDEP, internal or other external sources), and allows users to develop their own output, usually in the form of scoring, modeling or rating analyses. |
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| Alongside, there is a maintenance area that brings many benefits to workflow systems and compliance. |
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Fact in action |
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ENLARGE IMAGE
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| FACT leverages best of breed software and the latest implementation techniques and methodology. |
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| Functionalities and Strengths include: |
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| Credit Risk Models |
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| The rating module enables you to independently manage your models for efficient scoring, analysis and archiving. Automatic imports have been developed within FACT to integrate any kind of information into your internally developed or external models. |
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| BvDEP has partnered with several model providers, such as Algorithmics and the Economist Intelligence Unit, who have the expertise to score a variety of different entities. |
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| Financial Spreading and Advanced Reporting Functionalities |
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| To facilitate day to day credit analysis, FACT includes a fully integrated spreading tool. |
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| The tool enables you to edit or add financial statement items and ratios, spread full accounts, change currencies and exchange rates at the push of a button. |
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| FACT allows you to create as many spreading templates or reports* as required, based on your internal business requirements. Changes to each template can easily be made in-house by the company assigned adminstrator. |
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| * N.B customized reports can be automatically saved and exported in Excel, Word or PDF format for efficient distribution. |
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| Analysis |
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| FACT integrates various analytical functions to ensure your models are behaving in line with, for example, public ratings or alternative methodologies. The statistical software can create rating transition matrices at the touch of a button. It's is possible to run old models with new data and vice versa on both an institutional and batch level (i.e. multiple companies simultaneously). |
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| Workflow Manager |
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| Banks and companies typically have a number of internal processes for credit proposal management (rating, limit setting and credit approval). The FACT Workflow Manager brings order to all of these independent processes in a transparent, dynamic, and robust fashion, thereby optimizing the administrative workflow linked to day to day credit demands. |
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| Credit Limit and Exposures |
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| The FACT framework incorporates a credit module dedicated to limit and exposure reporting / setting. |
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| This completely customizable module is designed to report and monitor your credit portfolio by obligor, industry and region in order to help manage day to day risk optimization. |
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| Security and Audit |
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| FACT is geared to address critical security considerations, such as user authentication, communication & profile management. In built monitoring systems are designed to give you close audit control and reporting. |
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| Data and System Integration |
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| A FACT solution can combine multiple or single data sources. You can choose to nominate data from BvDEP or import from any internal or external data sources. |
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| The application has been developed as an open framework based on a multi-tiered architecture capable of exchanging information between a host of internal and external systems. |
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| Robust and Scalable Architecture |
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| The FACT framework has been designed and coded with performance and reliability in mind to ensure the application can comfortably handle increases in user access throughout the client’s life expectancy of the application. Load balancing benchmarks have been established to ensure consistently quick response rates under conditions of high concurrent user access and extreme web traffic. |
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| Key elements of the FACT architecture are: |
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| · Built with ASP.NET 1.1 |
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| · Designed to store data in an Ms SQL Server database |
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| · Structured to seamlessly consume client and financial data from BvDEP financial databases |
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| such as BANKSCOPE, OSIRIS, AMADEUS & EIU DataServices |
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| · Stores attachments (financial accounts, management reports etc) on a dedicated file server |
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| · Authentication and roles management deferred to the customer’s active directory system |
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| · Automatic updating of a customer’s back office systems using web service technology |
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