Risked-based Capital Reporting
Comply with statutory requirements and meet submission deadlines on time - by automating the entire end-to-end workflow of regulatory reporting, from data consolidation and validation to report delivery.
Generate timely and detailed reports
The Optimai RBC System is able to:
► Provide submission figures with detailed supporting reports
► Deliver reports that comply with SGX reports
► Perform data cleansing efficiently
► Meet weekly and monthly submission deadlines
► Monitor Total Risk Requirements (TRR) daily
► Respond quickly to MAS’ ad hoc queries
Reduce error-free regulatory reports
Produce error-free regulatory reports and generate them in a shorter time aided by the Optimai RBC System’s
► Automated processes
► Data cleansing (on a need basis)
► Detailed supporting reports (makes data investigation easier)
► Data rectification and data integrity supported by full audit trail
Optimise financial resources
The Optimai RBC System can help stockbroking firms and asset management companies lower counterparty risk by:
► Setting different provision levels for doubtful debts
► Adding specific provisions
► Monitoring clients’ trust money and contra gains
► Monitoring TR’s retained money
Optimai Risk Based Capital (RBC) Regulatory Reporting supports reporting requirements under the Monetary Authority of Singapore (MAS) Notice on Risk Based Capital Adequacy Requirements for Holders of Capital Markets Services Licenses [Notice No. SFA04-N13]. More than 1,170 RBC items as defined in SFA04-N13 have been pre-configured, classified and documented on our platform.
Implementing RBC on the platform is easy, we just need to map your GL accounts to the RBC items. It works with all accounting systems.
Upon implementation, you can simply upload your GL account via EXCEL, and the system will generate the RBC reports in XML format for import into MAS forms for submission.
► Form 1 - Statement of Assets & Liabilities
► Form 2 - Statement of Financial Resources, Total Risk Requirement and Aggregate Indebtedness
► Form 3 - Statement Relating to the Accounts of a Holder of a Capital Markets Services License
► Form 4 - Statement Relating to the Accounts of a Holder of a Capital Markets Services License- Supplementary
► Form I&E - Income & Expenditure
► Form 2 -Details - Form 2- CRR and PRR
► ORR - Operational Risk Requirements
Optimai RBC is a flexible solution. You will be able to review and adjust (if required) the reports with maker-checker control and full audit trail.