ScanRate enters agreement with SimCorp

ScanRate, market leading within the valuation of Danish mortgage bonds, has entered an agreement with SimCorp regarding the use of ScanRate's RIO system in TMS2000.

Via a direct interface with the RIO system TMS2000 customers can now access a calculation engine allowing them to obtain a total overview of their mortgage bond portfolios on request. This seamless integration not only allows for enhanced flexibility, speed and security, but also for more detailed analyses enabling the customer to obtain an enhanced understanding of risk and return characteristics for portfolios with mortgage bonds. In particular the integration facilitates analysis of broader portfolios with investments in mortgage bonds and other financial instruments and asset classes using TMS2000.

Torben Munch, Market Director in SimCorp says: "During the past couple of years we have been focusing a great deal on offering customers increased functionality within the front office area. As 30-40% of our Danish customers' portfolios are typically invested in mortgage bonds we are convinced that the interface to ScanRate's RIO system will improve the facilities they require for handling mortgage bonds."