Covansys Compliance Monitoring Application (CCMA)

All Asset Managers must respect the constraints expressed by their Client's Investment Policy Statement and those imposed by Regulators. All Asset Managers would like to reduce exposure and avoid costs associated with compliance violations and, at the same time, improve customer service.

Covansys has an automated solution to monitor investment compliance. This system known as the Covansys Compliance Monitoring Application (CCMA) is a Web application that provides end users with capabilities to define and monitor quantifiable investment constraints.

CCMA allows users to construct simple or complex guidelines to meet the needs of clients, regulators and internal management. CCMA is one of only a few applications that permit you to define your own investment terms and rules. CCMA supports an extensive range of financial instruments including equities, fixed income, options, futures, cash, funds, derivatives, currencies and customizable instruments. CCMA permits the definition of constraints at many levels (asset classes, indexes, sectors, issuers, currencies, countries, etc.), and for many characteristics (market value, book value, credit rating, duration etc.). CCMA automatically generates standard guidelines, based on portfolio characteristics, such as Foreign Content.

CCMA produces reports in a timely fashion. These reports cover holdings compliance and non-compliance with highlights on broken constraints. CCMA has sophisticated drill-down analysis capability. CCMA is a stand-alone system capable of seamless integration with existing systems to receive basic portfolio information, holdings received from any data source (example FMC), and market indexes such as EAFE, JPM, S&P500, etc. CCMA can be linked with trading systems to perform pre-trade compliance. It can also be integrated with strategy systems and validates strategies against the investment guidelines. CCMA is an End-User oriented application accessible from anywhere, at anytime. Security is enforced through policies for users access rights. Audit trails track modifications to the information. Covansys Compliance Monitoring Application runs on a 3-tier architecture, using Microsoft Web platform and supports the open relational databases: SQL Server, Sybase and Oracle. CCMA can be deployed in a very desirable timeframe.

CCMA brings many benefits to Asset Managers :

• Reduce exposure and avoid costs associated with compliance violations
• Decrease manual efforts needed to verify holdings and trades compliance
• Reduce the burden on compliance, portfolio management, trading and operations personnel
• Increase efficiency and the number of rules monitored
• Increase Enterprise Knowledge Capitalization
• Improve service to customers and promotion of services

Covansys is a highly experienced and knowledgeable partner that will provide the training, mentoring and appropriate support to bring rapid ROI of the tool.