Press Releases

08 - 12 - 2021

To meet the requirements of the Bank of Russia for NPFs, funds must keep primary records of transactions with assets, monitor their financial stability (stress testing), analyze the efficiency of transactions, and much more. NPF Socium chose GAMA portfolio management system and Cbonds API market database to assist with these tasks.

Growing number of financial instruments and transactions as well as data sources for monitoring the status of portfolios complicate the fund’s work. Standard tools are not helpful enough to manage these tasks. Having to track changes in regulatory requirements, scenarios and stress testing models proposed by the Russian Central Bank only adds to the complexity of the work. Funds are forced to carry out all modifications and related procedures in their software in models. This situation creates a need for specialized software and a reliable, accurate source of market data.

NPF Socium (npfsocium.ru) chose GAMA portfolio management system and Cbonds API market database to assist with these tasks.

Based on Cbonds market data and information on portfolios operations, GAMA calculates the value of the fund’s net assets, regularly monitors the status of portfolios, controls investment declarations, monitors financial management results and their factor analysis, calculates risk metrics, manages liquidity and visualizes analytical information. 

Monitoring of the regulator’s requirements, prompt adjustment of scenarios and algorithms, and recommendations for the correct conduct of stress testing in GAMA — all this allows funds to comfortably comply with the requirements of the Russian Central Bank without additional costs.

Salnikov Sergey, Head of Risk Management Service, NPF Socium:

«We are already using GAMA quite actively.  I would like to express my deepest gratitude to the customer service department for their assistance in the implementation of GAMA: they always promptly responded to our requests and offered various solutions to our problems.»