Asset managers must respect the constraints expressed by their Client's Investment Policy Statement and those imposed by Regulators.

Asset managers want to reduce exposure, keep their asset under management and avoid costs associated with compliance violations and, at the same time, improve customer service.

That's why Covansys is committed to develop powerful software to improve transparency and efficiency of the compliance business process.

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 and complex guidelines to meet the needs of clients, regulators and internal management. CCMA is one of only a few applications that permit the managers to define their own investment terms and rules using powerful mathematical operations.

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, indices, sectors, issuers, currencies, countries, etc.), and for many characteristics (market value, book value, weight, aggregation, etc.).

CCMA business intelligence capabilities give investment firms a very flexible reporting and analysis environment. CCMA manages historical information, it permits to filter and reprocess the guidelines at any point in time.

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Covansys realizes that number of needs of some asset managers is so unique that custom development is a logical approach. We can adapt CCMA to implement a customized solution that satisfies your specific requirements.

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 indices such as MSCI, JPMorgan, S&P500, etc. CCMA can be linked with order management systems to perform pre-trade compliance. It can also be integrated with investment strategy systems and validates strategies against the investment guidelines.

Covansys Compliance Monitoring Application runs on 3- tier architecture, using Microsoft Web platform and supports the open relational databases: SQL Server, Sybase and Oracle.

CCMA - COVANSYS COMPLIANCE MONITORING APPLICATION

CCMA can be deployed in a very desirable timeframe. CCMA brings many benefits to Asset Managers:

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

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