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Comprehensive hedge accounting module that helps streamline accounting processes for derivatives, commodities, and foreign exchange. Includes portfolio valuation, effectiveness testing, journal entry creation, and compliance with global accounting standards.
Specialized applications that support hedge designation, effectiveness testing, and accounting entries in compliance with standards such as IFRS 9 and ASC 815.
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Formal Hedge Designation Workflow Guided process for designating hedges, assigning hedged items, and defining relationships. |
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Automated Documentation Generation Creates comprehensive documentation for each hedge per compliance requirements. |
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Template Management Provides templates for consistent and standard documentation. |
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Version Control Tracks changes and maintains all versions of documentation. |
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Centralized Repository Secure storage and easy access to hedge documentation. |
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Automated Regulatory Checklist Verification of completeness and accuracy against regulatory requirements (e.g., IFRS 9, ASC 815). |
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Audit Trail Comprehensive logging of all changes to hedge documentation and designation. |
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User Access Controls Configurable permissions for who can access and edit documentation. |
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Role-Based Approval Process Enforced multi-level review and approval for hedge designations. |
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Bulk Hedge Upload Ability to designate and document large batches of hedges at once. |
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Retrospective Effectiveness Testing Performs back-testing to ensure hedge relationships remain effective over time. |
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Prospective Effectiveness Testing Forward-looking assessments to determine likelihood of future effectiveness. |
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Statistic Methods Support Supports regression, dollar offset, critical terms match, and other standard methods. |
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Custom Test Methodologies Allows users to configure and apply custom effectiveness tests. |
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Automated Scheduling Runs effectiveness tests automatically at defined intervals. |
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Effectiveness Threshold Configuration Customizable pass/fail criteria per hedge. |
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Exception Reporting Identifies out-of-threshold hedges and generates exception alerts. |
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Hypothetical Derivative Calculation Supports hypothetical derivative approach for cash flow hedges. |
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Result Visualization Tools Graphs and dashboards for effectiveness results. |
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Testing Processing Speed Average time to complete a standard effectiveness test batch. |
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Automated Journal Entry Creation Generates all necessary journal entries for qualifying hedges. |
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Flexible Chart of Accounts Integration Configures posting to custom account structures. |
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Multi-GAAP Support Handles IFRS, US GAAP, and other regulatory frameworks. |
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Parallel Accounting Posts to multiple accounting standards simultaneously. |
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Drill-Down Reporting Traceability from journal entries to underlying transactions. |
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Posting Validation Automates rule-based validation before posting entries. |
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Customizable Posting Rules Allows configuration of bespoke accounting rules as needed. |
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Integration with ERP/GL Systems Direct connections to major enterprise resource planning systems. |
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Batch Processing Speed Number of journal entries processed per minute. |
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Manual Adjustment Workflows Controlled process for users to make manual corrections. |
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Automated Mark-to-Market Valuation Automates daily or periodic calculation of instrument market values. |
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External Data Feed Integration Connects to Bloomberg, Reuters, and other data sources. |
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Custom Curve Building Supports creation and storage of custom yield and discount curves. |
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Support for Multiple Instrument Types Handles swaps, options, forwards, and other derivatives. |
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Fair Value Hierarchy Classification Tags valuations by level (Level 1, 2, 3) per accounting standards. |
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Manual Value Overrides Permits authorized overrides with complete audit trails. |
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Valuation Speed Average time to value a set of instruments. |
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Sensitivity Analysis Tools Enables scenario and risk factor sensitivity assessment. |
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Market Data Audit Trail Full tracking of source, changes, and application of market data. |
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Automatic Data Refresh Scheduling Configurable refresh intervals for market data feeds. |
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Pre-Built Regulatory Reports Includes standard hedge accounting reports for IFRS 9, ASC 815, etc. |
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Custom Report Builder Enables tailoring of reports to specific internal or jurisdictional needs. |
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Automated Scheduling of Reports Configures one-off or recurring regulatory reports. |
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Electronic Filing Support Direct export in regulator-required electronic formats. |
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Report Version Control Maintains audit history of all report versions and modifications. |
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Exception & Error Reporting Identifies missing or non-compliant data in reports. |
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Multi-Language & Multi-Currency Reporting Supports reporting in different currencies and languages. |
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Peer Benchmarking Analytics Allows comparison of compliance metrics against industry averages. |
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Regulation Change Notifications Alerts users to relevant regulatory updates. |
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Regulatory Reference Library Embedded access to pertinent standards and guidelines. |
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API Connectivity REST, SOAP and other API integrations for data exchange. |
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Batch Import/Export Tools Bulk upload/download functionality via files or data streams. |
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Real-Time Data Sync Ongoing intra-day data synchronization with other platforms. |
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Pre-Built ERP Connectors Out-of-the-box interfaces for SAP, Oracle, etc. |
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Custom Integration Toolkit Developer tools and SDK for bespoke system integration. |
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Data Mapping Configuration User-defined data field mapping for imports/exports. |
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Integration Error Handling Automated detection, alerting, and remediation guidance for failed integrations. |
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Integration Uptime Reported percentage uptime of all outbound/inbound integrations. |
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SFTP/FTPS Connectivity Support for secure file transfer protocols. |
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Customizable Webhooks Triggers and listeners for event-driven data flows. |
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Intuitive User Interface Modern, easy-to-navigate design. |
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Role-Based Dashboards Custom home screens by user group/function. |
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Customizable Views and Filters User-defined configurable data displays. |
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Multi-Language Support Localization in multiple languages. |
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Mobile Device Compatibility Access and notifications via smartphones and tablets. |
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Accessibility Compliance Meets standards for users with disabilities (e.g., WCAG). |
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Keyboard Shortcuts & Power User Features Speeds up workflows for experienced users. |
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Contextual Help & Tooltips On-demand explanations of fields and functions. |
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Performance Response Time Average time to load key screens/actions. |
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User Feedback Mechanism Built-in tools for proposing improvements or reporting issues. |
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Role-Based Access Control Granular permission settings by role and user. |
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Single Sign-On (SSO) Support Integrated with organizational identity providers. |
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Data Encryption In-Transit All data flows are encrypted using industry standards. |
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Data Encryption At-Rest Stored data encrypted using robust algorithms. |
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Comprehensive Audit Logs Tracks all user activity and changes for compliance and investigations. |
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Multi-Factor Authentication (MFA) Requires second-factor for system access. |
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Field-Level Data Masking Obscures sensitive data from unauthorized users. |
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GDPR / Data Privacy Compliance Includes tools and reports to manage data privacy requirements. |
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Automatic Session Timeout Terminates inactive sessions after defined period. |
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Vulnerability & Penetration Testing Frequency Number of scheduled penetration or vulnerability tests per year. |
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Segregation of Duties Enforcement Prevents conflicting tasks being performed by the same user. |
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Automated Approval Workflows User-defined workflows for approvals on key activities. |
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Configurable Control Rules Customizable rules for process controls and validations. |
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Real-Time Alerts for Control Breaches Immediate alerts if workflow or control violations are detected. |
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Embedded Audit Trail Immutable record of all system and user actions. |
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Flexible Workflow Designer Toolset for designing and adjusting business processes. |
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Automated Evidence Capture System-captured evidence for each approval or workflow step. |
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Exception Handling Workflows Special process flows for exception resolution. |
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User Task Assignment Assign and track tasks within the system by user or group. |
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Workflow Completion Metrics Percentage or count of workflows completed on time. |
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Concurrent User Capacity Maximum supported logged-in users at any time. |
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Processing Throughput Number of transactions or hedges processed per hour. |
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Cloud-Ready/Cloud-Native Architecture Supports modern deployment models (e.g., SaaS, private cloud). |
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Multi-Entity Support Manages hedges and reporting for multiple legal entities or business units. |
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High Availability Failover and redundancy to ensure system uptime. |
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Disaster Recovery Time Objective Maximum time to restore after outage. |
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Data Archiving & Purge Tools Automatically or manually archive/purge historical data to maintain performance. |
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Resource Usage Monitoring Tracks CPU, memory, and storage usage. |
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Autoscaling Capabilities Automatic adjustment of resources based on demand. |
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Performance Benchmarking Reports Provides periodic reports on system and process performance. |
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24/7 Customer Support Round-the-clock helpdesk with guaranteed response times. |
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Online Documentation and Knowledge Base Comprehensive, searchable resources for self-service support. |
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Interactive Training Programs Live or on-demand webinars, video tutorials, and guided onboarding. |
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Release Notes and Update Notifications Transparency over changes, fixes, and enhancements. |
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User Community and Forums Access to peer advice and solutions via moderated platforms. |
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Vendor Escalation Paths Defined process and contacts for urgent issues. |
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Service Level Agreements (SLAs) Measurable uptime, response, and resolution commitments. |
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Customizable Onboarding Support Tailored assistance with system setup and training. |
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Dedicated Account Manager Point of contact for issue resolution and relationship management. |
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Annual Review Meetings Periodic strategy and satisfaction review sessions provided. |
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Platforms that automate the preparation and submission of reports required by financial regulators, such as EMIR, Dodd-Frank, and MiFID II.
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Supported Regulations List of regulations that can be automatically reported to (e.g., EMIR, Dodd-Frank, MiFID II, SFTR, MAS, ASIC). |
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Jurisdiction Flexibility Ability to add or modify supported jurisdictions and regulatory frameworks as requirements evolve. |
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Customizable Report Templates Customizable templates for various regulatory reports. |
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Cross-jurisdictional Reporting Simultaneous reporting to multiple regulatory bodies across jurisdictions. |
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Historical Regulation Support Ability to process and report legacy data for past regulatory periods. |
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Automatic Regulation Updates Automatic updates in response to changes in regulatory requirements. |
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Regulator-specific Formatting Native support for specific file formats required by different regulators (e.g., XML, CSV, FIX). |
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Pre-validation Against Regulation System validates data compliance with applicable regulations before report submission. |
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Multi-entity Support Can handle reporting for multiple legal entities within a corporate group. |
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Dual-sided Reporting Supports both reporting parties (buyer/seller or submitter/counterparty for trades). |
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Regulatory Guidance Integration Direct integration of current regulator interpretative guidance and FAQs. |
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Automated Data Aggregation Automatic aggregation of required data from multiple internal and external systems. |
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Real-time Data Processing Processes data and prepares reports in real-time rather than batch or scheduled processing. |
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Workflow Customization Customizable approval and submission workflows. |
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Exception Management Automated identification, alerting, and handling of exceptions in regulatory reporting processes. |
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Scheduled Reporting Ability to schedule automated generation and submission of regulatory reports. |
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Manual Override Option for users to manually intervene in the workflow when required. |
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Dashboards Dashboards summarizing status, issues, and key metrics across workflows. |
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End-to-end Audit Trail Comprehensive tracking and logging of all steps in the reporting process. |
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Workflow Step Count Number of automated steps available in workflows. |
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Auto-notifications & Alerts Automated notifications for workflow events (e.g., submission failures, due reports). |
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Data Integration Connectors Out-of-the-box and/or customizable connectors to ERP, Treasury Management, trading, and settlement systems. |
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Data Validation Rules Predefined and user-configurable data validation rules to ensure data integrity and compliance. |
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Data Enrichment Capabilities Ability to enrich collected data with regulatory-required fields and reference data (LEIs, UTI/USI generation). |
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Data Transformation Engine Engine for mapping, converting, and normalizing data from various sources/formats. |
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Data Quality Monitoring Continuous monitoring and reporting of data quality metrics. |
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Data File Size Support Maximum data file size accepted for reporting. |
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Missing Data Alerts Automated alerts for missing or incomplete data elements required for reporting. |
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Master Data Management Integration Integration with enterprise master/reference data management systems. |
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Data Retention Policy Configuration Ability to set retention periods for storing reported data in compliance with regulation. |
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Data Lineage Tracking Tracking origin, transformation, and movement of data used in reporting. |
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Standard API Support REST, SOAP, or other industry-standard APIs for integration. |
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Message Protocol Support Support for required reporting protocols (e.g., SWIFT, FIX, SFTP). |
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Third-party Repository Integration Out-of-the-box connectivity to trade repositories, ARMs, TRs, and national regulators. |
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Direct Regulator Gateway Integration Direct interface to regulatory submission portals and gateways. |
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Integration Onboarding Speed Average time required to onboard and configure new integration. |
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Inbound/Outbound File Formats Supported Range of formats supported for data import/export (XML, CSV, JSON, Excel, etc.). |
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Real-time Integration Supports real-time, event-based data exchange in addition to batch. |
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Integration Monitoring Tools Dashboard or logs for monitoring the status of integrations. |
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Custom Interface Configurability Ability for users to create and configure custom integrations without vendor intervention. |
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User-friendly Interface Modern, intuitive, and clean UI design. |
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Multi-language Support Interface localization into multiple languages. |
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Role-based Dashboards Customizable dashboards based on user roles and permissions. |
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Quick Search Fast and easy searching of submitted, pending, or failed reports. |
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Bulk Actions Ability to process and manage multiple transactions/reports at once. |
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Contextual Help Integrated help, tutorials, and tooltips contextually within the application. |
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Progress Indicators Visual indication of process/report status. |
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Mobile Device Compatibility Responsive or dedicated applications for mobile devices. |
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Accessibility Compliance Complies with relevant accessibility standards (e.g., WCAG). |
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End-to-end Encryption Encryption of data in transit and at rest. |
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Role-based Access Control Access to features/data is controlled based on user roles and responsibilities. |
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Identity Management Integration Single sign-on and federated identity support (SAML, OIDC, etc.). |
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Multi-factor Authentication Requires multi-factor authentication for access. |
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Audit Logging Comprehensive logs of user and system activity for auditing. |
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Certification Standards Meets external certifications (ISO 27001, SOC 2, etc.). |
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Privacy Impact Assessment Tools Tools for regular privacy and GDPR/CCPA compliance assessments. |
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Breach Notification Mechanism Automated alerting and notification in the event of a security breach. |
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Anonymization/Pseudonymization Supports data anonymization/pseudonymization methods as required. |
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Detailed Audit Trail Comprehensive records of all interactions, submissions, and data changes. |
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User Action Log Recording of user-initiated actions for traceability. |
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Read-only Audit Access External and internal auditors can be granted access to view records without the ability to edit. |
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Change History Versioning and tracking of changes to data and configurations. |
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Regulatory Submission Proof Full evidence/logs of regulatory submission (including timestamps, confirmations, and reference IDs). |
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Audit Export Options Exportable logs/audit records in various standard formats. |
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Time-stamped Records All key events are accurately timestamped. |
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Retention Policy Compliance Automatically enforces data retention and destruction policies as per regulation. |
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Report Generation Speed Average time to generate a standard regulatory report. |
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Concurrent User Support Max number of users able to interact with the platform simultaneously. |
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Report Capacity Maximum number of reports that can be generated/submitted per day. |
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Data Volume Handled Maximum volume of transaction data processed per reporting cycle. |
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Scaling Method Nature of scalability (horizontal, vertical, cloud auto-scaling, etc.). |
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System Uptime SLA Guaranteed uptime of the regulatory reporting service. |
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Latency Average end-to-end latency from report initiation to submission. |
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Automated Reconciliation Engine Automatic matching of internal records with regulator/TR receipts and confirmations. |
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Exception Reporting Flagging and reporting of mismatches, rejected submissions, or errors. |
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Discrepancy Resolution Workflow Guided workflow to resolve and remediate reconciliation breaks. |
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Real-time Status Monitoring Visual indicators of submission status and completion. |
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Automated Notification of Failures Automated alerts for failed or delayed submissions. |
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Report Re-submission Ability to quickly edit and resubmit failed or amended reports. |
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Reconciliation Frequency Frequency with which reconciliation is performed. |
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24/7 Support Availability Round-the-clock access to support staff or helpdesk. |
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Onboarding and Training Structured onboarding and ongoing training offerings for users. |
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Knowledge Base/Documentation Comprehensive, regularly updated user documentation. |
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Customer Success Manager Dedicated account/service manager assigned. |
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Incident Response Time Average time to respond to critical incidents. |
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User Community/Forums Access to user communities for knowledge sharing and peer support. |
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Customization Services Availability of expert services to tailor the solution. |
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Release/Upgrade Frequency How often new features or updates are made available. |
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Client Base Size Number of organizations currently using the vendor's solution. |
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Custom Report Builder Tool to design and create custom analytical reports. |
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Standard Library of Regulatory Reports Out-of-the-box analytical reports for common regulatory and operational needs. |
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Trend Analysis Tools Visualization and analysis of historical and real-time reporting trends. |
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Export/Download Analytics Ability to export analytical data for further offline analysis. |
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Ad hoc Query Tools Powerful query and filter capabilities for investigating specific issues/events. |
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Data Visualization Widgets Visual dashboards and charts for submitting, pending, or failing items. |
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KPI Measurement Tools to measure user-defined KPIs related to reporting efficiency and accuracy. |
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Regulatory Breach Analytics Analysis and reporting on events where regulations were breached. |
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