

Main news of the S75 release
November 27, 2023 - Sofia S75 was released to all customers of SimCorp Italiana. It contains the following new functionalities.
SUSTAINABILITY
Sustainable Investing for Insurance
The "Sustainable Investing for Insurance" solution supporting the Companies’ reporting requirements has been enriched with new modules:
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KPI calculation (Performance Key Indicators): starting from the "Sustainability Solution" module, it allows the calculation and historicisation of the ANNEX X required by the application of Delegated Regulation (EU) 2021/2178;
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IVASS ESG Monitoring: starting from the "Sustainability Solution" module, it allows the production of the survey requested by IVASS with the Letter to the Market of 27 July 2022 in relation to the data required for the preparation of "Cube 1";
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Pre-contractual and Periodic: starting from the "Sustainability Solution" module, it enables the production of the templates for pre-contractual and periodic disclosures at the financial product level required by the EU Commission with Regulation 2022/1288 (as subsequently amended by Regulation 2023/363).
The functionalities of the solution supporting the calculation of indicators related to sustainability (PAI, KPI, ...) are also enriched by the possibility of activating a look-through based on the detail compositions imported according to the “Tripartite Template”.
For further information:
sofia.info@simcorp.com
sofia.ESG@simcorp.com
FINANCIAL INSTRUMENTS
Alternative Investments
The Alternative Investment module is enriched with new functionalities to support Loan Commitment management. Through the creation of a Loan Facility that allows the management of commitments, both with a defined maturity and on demand, the new functionalities ensure the correct forecasting of cash flows and the estimation of exposure to the counterparty.
For further information:
sofia.fia@simcorp.com
TOOLBOX
Entering the Position environment by asset
It is now possible to query the Positions environment by choosing one or more assets when entering the environment: in this way, it’s possible to visualize directly the relevant positions.
For further information:
sofia.info@simcorp.com
PROCESS AUTOMATION
CACS Matching
The new module "CACS Matching" is now available, which adds to the "Asset Matching" and the "Cash Matching" for the automatic reconciliation of flows sent by depositaries.
The new module allows the reconciliation of events on portfolio positions with the corresponding ones sent by the custodian via SWIFT messages, correcting directly on the transaction the amounts of taxes and withholdings: as a result, the flows will be reconciled automatically the following day, thus reducing the number of pending cash flows to be handled manually.
For further information:
sofia.matching@simcorp.com
RISKALM
ALM
The ALM module is enriched with the possibility of monitoring the income trend of the current year, separating consolidated and projected incomes.
Using the new “Market Data” functionality it is now possible, by specifying the reference date of the curves and prices to be used for ALM forecasts, to launch forecasts considering the most up-to-date market and portfolio data available.
For further information:
sofia.risk-alm@simcorp.com