Linedata announces the launch of its Solvency II compliant offering for institutional investors

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New versions of Linedata Chorus and Linedata Nile to ensure the compliance of the financial investment management process

PARIS, September 11, 2012 – Linedata (NYSE Euronext: LIN), the global solutions provider dedicated to insurance, asset management and credit professionals, announced the launch of the new versions of Linedata Chorus, the leading fund accounting and administration solution, and Linedata Nile, an integrated securities database management service, to ensure that institutional investors fully comply with the regulations.

Solvency II significantly raises insurance companies’ capital requirements, with the aim of reducing market risk. Firms will have to take special care to optimize the cost of regulatory capital generated by the composition of their asset portfolios. As a consequence, they will need to implement a specific process and tools in order to assess and control market risk of the daily oversight of asset allocations while producing the new regulatory reporting required by European authorities.

“We are resolute in our commitment to support our clients in managing their financial investments,~ commented François Pradel, Head of Product Offering for Asset Management and Life Insurance at Linedata for Southern Europe. }We have designed an open and modular solution to meet their different needs which are to present asset portfolios in a way that harnesses the assets’ economic substance by applying a transparent approach to UCITS and complex products; to produce regulatory reports on assets and implement analysis and simulation tools. To fulfill these needs, we must first meet two cross-business requirements. First, institutional investors need all the necessary market data available for calculation and reporting. Second, they must set up an audit trail by ensuring full traceability so that they can provide the regulator with qualitative data.

After two years of in-depth analysis by work groups comprising leading market players, Linedata has enhanced Linedata Chorus, its fund accounting and administration solution, as well as Linedata Nile, its securities database administration service, in order to meet the needs of its clients. Linedata Nile provides each and every client with all the necessary market data for identifying and modeling financial instruments via a single and integrated stream covering all accounting and regulatory reporting and steered by enhanced control strategies. This stream includes look-through data collected from asset management firms. In this respect, Linedata contributes to the standardization of reporting via cross-business initiatives.

The solution also manages the production of regulatory reports and allocation analyses, exposure to risk and financial results forecasts. All the recorded data is fed into an audit trail so that the calculation processes are fully traceable, thereby meeting regulatory authorities’ qualitative requirements.

This front-to-back offering from Linedata is complemented by the Linedata Longview portfolio management solution and optimizes portfolio management by integrating accounting as well as regulatory constraints during the investment process. The entire solution is available in an ASP hosting infrastructure, used by 95% of Linedata’s clients.

Thierry Soret, Managing Director for Asset Management, Savings and Insurance at Linedata for Southern Europe stated, }In light of the uncertainties weighing on execution measures and time frames, we have taken an early approach to this initiative through collaboration with our clients, in order to provide them with timely and practical solutions. This new offering stems from our desire to bring an integrated and modular solution with a platform that combines the best of our financial, accounting and technological skills to the French market.

ABOUT LINEDATA

Linedata is a global solutions provider with 700 clients operating in 50 countries. With more than 900 employees across the globe, Linedata is dedicated to the investment management and credit community. Linedata has been at the service of the financial industry from day one, and applies its market and client insight to provide innovative and tailored mission-critical software and services that help its clients grow. As a pioneer for over 10 years with the setup of SaaS infrastructure for the financial industry, Linedata has preached and spread this model throughout the global financial community, for its full range of products. Headquartered in France, Linedata achieved revenues of EUR 137.3 million in 2011. This company is listed on Euronext Paris FR0004156297-LIN – Reuters LDSV.LN – Bloomberg LIN:FP.

Linedata provides comprehensive solutions and services to manage all types of investment processes, from pre-trade to post-settlement, across a wide range of firms, including institutional portfolio and collective management companies, hedge funds, prime brokers, fund managers, transfer agents, corporate savings fund managers, subsidiaries of banks or independents, and administrators.

 

For more information, please contact:

Linedata
Gaëlle Bou

Southern Europe Head of Marketing & Communication

Tel: +33 1 46 11 75 60
gaelle.bou@se.linedata.com