RegCap® suite of solutions for Basel I and Basel II
CredCap®
- For your peace of mind, CredCap® is the only product in the market which offers:
- An option to purchase our source code – that’s right, you can quickly and easily safeguard your bank against the onerous requirement for Basel II Credit Risk compliance.
- You can avoid the multitude of risks normally associated with any large and complex, in-house software development
- You are not constrained by an inability to control changes to your system, especially where:
- they are specific to your bank and offer some competitive advantage
- they relate to a better integration of your Credit Risk solution to the rest of your environment (exempli gratia, higher cohesion to your sources of data, your advanced models, or your Capital Management system)
- You are not constrained by an inability to understand your system.
- Your in-house experts will be able to quickly analyse and verify all aspects of your solution.
- This will be an indispensable advantage in seeking your Regulator(s)’ approval
- The system is written in easy to understand, open-source Java2, according to the industry standards developed by its creator, Sun Microsystems.
- Your expenses are capped as there are no ongoing licensing fees
- You still have the flexible and inexpensive option of Business or Software support from RegCap if you choose.
- 24 x 7 x 52 telephone support (or via GoogleTalk)
- Immediate and continuous process to diagnose & resolve Severity-1 and Severity-2 issues (id est, Severity-1 is “System Down or Severe Business Impact with no Workaround identified”, and Severity-2 is “Severe Business Impact with a Workaround identified which is acceptable to the Client.” )
- Immediate and continuous process to diagnose and provide a formal estimate of resolution date for Severity-3 and Severity-4 issues (i.e. Severity-3 is “Acceptable level of Business Impact with no Workaround required” and Severity-4 is “No Business Impact, cosmetic.”)
- System documentation – the system comes with an easy to use, comprehensive set of documentation which includes
- User Guide – detailed explanations, processes, and example screen shots of all functions available to the on-line user.
- Technical Guide – architectural blueprints of the system which allow for its easy installation and ongoing upkeep
- Marked-up Basel I and Basel II Accord which allow the Business to quickly increase their understanding of Basel and also act as a quick-reference guide. (see Accord-Navigator page)
- Full source code escrow program, so that our Clients are guaranteed that the current version of their software source code is legally safeguarded against all possible unforseen events.
- Product Strategy – CredCap® is the only product in the market:
- Built from scratch…
- Using only open-source technologies…
- Designed to mirror the Accord’s familiar paragraph structure…
- Each paragraph is a discrete software object…
- Which allows for safely compartmentalised business logic…
- Which allows for safe & sound Extensibility
- And allows perfect correlation to your Requirements Traceability Matrix.
- Designed to align to Multiple Regulators’ requirements
- Unparalleled achievement in:
- Processing Speed (900,000+ exposures per hour, per CPU)
- Stability
- Maintainadocumentationbility
- Extensibility
- Scalability
- Specifically targeted at addressing current gaps and design flaws in competing products.
- Industry Partnerships
- RMIT University ( Melbourne, Australia)
- The original prototypes were co-developed with Royal Melbourne Institute of Technology
- The University has pledged an ongoing commitment to supply highly skilled technical resources.
- Sun Microsystems
- Creators and supporters of the Java® programming language which was used to implement CredCap®
- All multi-threaded and distributed performance benchmark tests were conducted at Sun’s laboratories
- Sun have pledged hardware
- Sun have pledged an ongoing commitment to achieving the highest possible performance.
- Technologies
- No specialist Technology Support is required from the client
- We can run multi-threaded and distributed processing (900,000+ exposures per hour, per CPU)
- We can install as many small or large environments as you like:
- Quickly and safely
- To greatly assist your:
- Trainers
- Pre-Deal Analysts
- Production Data Analysts
- Functional Testers
- Stress-Testers
- Back-Testers
- Capital Modellers
- People in the field…
- From a standalone notebook, to your largest production configuration.
- We use 100% freshly designed Java2 which means we can run on any:
- Hardware
- Operating System
- Database (see Hibernate below)
- We use the Hibernate Framework to allow seamless compatibility to 20+ RDBMS
- We use the Spring Framework to allow Distributed Processing
- We use Swing over Soap for Client/Server delivery
- We use OpenLaszlo for browser based delivery
- We use JUnit ® and Test-Driven Development to ensure the product’s permanent regressive stability
- We use Mantis for Issues Management
- Product Features
- Fully Normalised Relational Data Model
- Attributes are classified as Mandatory, Conditional, Optional, and System Generated
- Full documentation allows for easy understanding and fast familiarity
- Exposure Navigator
- Exposure Manager
- Internationalisation
- Three levels of internationalisation make our software the obvious choice of truly international organisations
- The system is shipped with a default language which is specified by the Client.
- When requesting a report, the User who is requesting the report can override this default depending upon the intended audience of the report.
- When a new User is created, his or her preferred language can be selected so that all screens are displayed in the most familiar language to that User. In this way, global banks can better support their local staff.
- Comprehensive Auditing
- All of the Who, What, and When are captured…
- …and a mandatory annotation ensures that the crucial Why is also captured ...
- when adding, modifying or deleting Exposures, CRM, Linkages, Securities, Securitisation Pools, Counterparties.
- …or when Processing Runs are Launched, Paused, or Deleted…
- …or when User Administration is performed…
- What-If? Scenarios
- Users may quickly and easily key in Exposures, and related Credit Risk Mitigation and calculate the Capital Requirement under different scenarios
- Stress-Testing
- Easy configuration of:
- Foreign Exchange shocks
- Upward and Downward shocks of:
- External Ratings
- Probability of Default
- Loss Given Default
- Increases and Decreases to EAD
- Comprehensive Exception Handling
- All Referential Integrity exceptions are logged for reconciliation reporting
- All invalid domain values are logged for reconciliation reporting
- All missing Mandatory or Conditionally Mandatory attributes are logged for reconciliation reporting
- Processing Runs can continue even when individual exceptions have been logged
- Reporting Suite
- Standardised QIS5 or Customised Regulatory Reporting
- Trend Analysis Reporting over a configurable array of daily or monthly snapshots to assess movements in:
- Risk Weighted Assets
- Capital Requirement
- By Asset Class
- By Regulated Entity
- By Legal Entity
- By Business Unit
Security
- Industry Standard 2-Token Security Credentials
- Userid
- Password
- 1024 bit SHA Hashing
- 512 bit SSL based encryption
- System Administrator Configurable Password Policy
- Minimum Length of Password
- Maximum Length of Password
- Requirement for at least one character which is:
- lower case
- upper case
- special character
- digit
- Number of characters or digits before a previously used character or digit may be re-used
- Number of renewals before previous password may be re-used
- Renewal Period (measured in calendar days)
- Consecutive Invalid Attempts before Account is locked
- Ability to interface to LDAP for single sign on.
OpCap®
- Currently in its Design Phase
MarkCap®
- Currently in its Design Phase
IntCap®
- Currently in its Design Phase
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