The key features of the Trade Asset Risk Management Solution – CorrRisk are:
- CorrRisk supports a global-user environment so that users can interact with the application simultaneously and within a single browser instance.
- Powerful business intelligence and executive management reporting tools via smart graphical displays.
- Roles and their associated privileges are freely configurable and can be customized or controlled according to the financial institution’s specific requirements (based on Beneficiary, Business Unit, Counter Party, and / or Product).
- CorrRisk supports a start-to-end workflow for a deal using various statuses and queues to keep track of the asset and its current status. Among its workflow capabilities CorrRisk offers:
- Rules-based applications (i.e. user/group profiles, fees and pricing, mandatory fields, schedules and reminders)
- Multiple levels of approval (complete audit trail)