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XMI-ALMIS is an integrated Asset & Liability Management (ALM) software solution, developed by ALMIS International Ltd and offered in partnership with XMI. ALMIS has been serving the market since 1992, and has a strong reputation for helping banking institutions to manage financial risk.
The system delivers a powerful set of management information tools to support institutions with the complex challenges associated with ALM. This is a potent resource for the balance sheet manager, providing a detailed understanding of the dynamics of today’s book, and helping to improve tomorrow’s balance sheet and pricing decisions.
XMI would be delighted to discuss the challenges of ALM with clients and provide an onsite demonstration of the system and its full capabilities. Click here for an overview of XMI-ALMIS features.
The unique features of XMI-ALMIS:
- Dedicated decision-making tool, providing all relevant information and financial modelling
- Highly cost effective for any size of institution
- Multi-user access to current data as a standard feature
- User-defined reporting output
- Reduces the burden associated with regulatory reporting
- Automated interface with core banking and other systems (APIs)
- Utilises a Windows operating environment - therefore easy to implement and operate
- Tailored implementation package managed by XMI’s ALM specialists
- Includes an excellent IAS39 hedge accounting solution
A World Standard in Asset & Liability Management
Perhaps the biggest single challenge for banks and other financial institutions is to transform raw data into meaningful information that can be acted upon by management. Regardless of the complexity or balance sheet composition of the organisation, XMI-ALMIS can help to meet this challenge.
Financial managers need powerful information resources to fully understand the dynamics of the balance sheet and to make effective decisions which will have a positive impact on the bottom-line. XMI-ALMIS is a dedicated decision support tool. It provides the necessary information and financial modelling resources to enable an organisation to make informed and timely decisions that affect the business.
XMI-ALMIS provides the framework to test countless interest rate scenarios and strategy combinations, manage plans and margin variance and assess performance levels.
Key functions
The key functions of XMI-ALMIS include:
- Asset & Liability Management
- Market Risk Management
- Financial Planning & Stress Testing
- Margin variance modelling
- IAS39 Hedge Accounting
The system delivers:
Balance Sheet & Margin Reporting – integrated, timely and detailed information relating to the existing balance sheet and profitability.
Risk Reporting - a comprehensive series of liquidity and market risk reports and charts, analysing the risks to changing interest rates and exchange rates. Market forecasts can be user defined or linked to forward yield curves. These outputs comply with the reporting requirements of the main banking regulatory bodies.
Balance Sheet & Income Planning & Budgeting - advanced functionality to develop detailed forward projections, balance sheet and income plans. The system can be used to develop plans and also to compare plan with actual.
Scenario Modelling - a wide range of market forecasts, business scenarios and stochastic modelling, delivering fast and friendly analytical power to aid complex strategic and tactical business decisions. Included are market value sensitivities, income and balance sheet simulations and committed/forward-looking earnings sensitivities.
Regulatory Reporting – XMI-ALMIS eases the burden of effort and costs related to changes in regulatory reporting requirements by helping to facilitate tailored outputs (e.g. FSA 017, 047 & 048 & FSA Basis Risk Return).
IAS39
XMI-ALMIS is a powerful IAS39 hedge accounting solution. The system eliminates both the accounting volatility and administration associated with standard accounting. Effectiveness tests, hedge allocation reports and journals provide a fully integrated solution, including:
- Hedge Effectiveness Testing
- Best Fit Hedge Allocation
- Fair Value Calculations
- Macro or Micro
- Fair Value & Cash Flow
The system currently accounts for over £150bn of derivative positions in nine financial institutions and has been audited by three of the big four audit firms.
Modular Delivery
XMI-ALMIS integrates seamlessly with existing systems drawing data into a common format via automated program interfaces (APIs) and providing amalgamated outputs.
The product can be tailored to suit a variety of banking institutions, including commercial banks, investment banks, savings and loans institutions, finance houses, leasing companies, building societies and housing banks.
XMI-ALMIS has two main modules, one covering data integration, data management and summary calculations, and the other providing high-end information and modelling resources for management, ALCO and the Board. The product can be configured and installed to precisely match a client’s requirements.
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