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Specialized Software and User Support for Risk and Financial Instruments Management

Proprietary FRS applications
Implementation, development and maintenance of proprietary applications
Third-party application services and expert support

Proprietary Applications Supporting Risk and Financial Instruments Management

FRS is a response to the needs of counterparty risk, market risk and financial instruments management - reported by Treasury, risk management, controlling, accounting, and security departments.

FRS applications are successfully used by companies of various sizes and from many industries - including fuel, mining, metallurgical, energy, and leasing industries.

FRS Platform

Modules and Functionality

FRS is a comprehensive solution that automates counterparty risk and financial risk management processes. FRS applications support activities that in market practice are carried out by Front Office, Middle Office, and Accounting departments.

FRS Market Risk

  • Market risk exposure management
  • Derivative transactions management
  • Derivatives and non-derivative financial instruments valuation
  • Market risk measurement and risk analysis
  • Management reporting
  • EMIR reporting

FRS Credit Risk

  • Counterparty verification and management
  • Credit worthiness assessment
  • Credit limits
  • Credit risk measurement
  • Collateral management
  • Management reporting

FRS Hedge Accounting

  • Derivatives accounting
  • Non-derivative financial instruments accounting
  • Hedge accounting
  • Testing and measuring hedge effectiveness
  • Financial reporting - IFRS 9, Accounting Act, IAS 39

User Profile

Below we present selected characteristics of entities that use FRS applications in their daily work

FRS Market Risk

  • Has transaction portfolios generating exposure to commodity price, currency, interest rate risk
  • Concentrates operational or financial activities on assets for which, apart from the physical market, there are also active futures and derivative markets
  • Manages price risk within defined risk limits
  • Actively enters into derivative transactions or maintains a significant, open position in them
  • Manages price risk for different companies within the Capital Group

FRS Credit Risk

  • Provides trade credit
  • Experiences problems with overdue receivables
  • Manages credit limits and collateral
  • Uses receivables insurance with counterparties and optimizes its structure and costs
  • Commissions contractors to perform services significant in terms of value or delivery period length
  • Analyzes the economic situation of counterparties and the risk of their insolvency based on data from credit bureaus or other sources
  • Conducts financial reporting in accordance with IFRS 9 guidelines (provision for impairment of financial assets)
  • Verifies counterparties from the perspective of security and compliance requirements

FRS Hedge Accounting

  • Conducts financial reporting in accordance with IFRS 9, Accounting Act, or IAS 39 and has significant from the perspective of net profit or non-standard financial transactions - derivative and non-derivative - that require valuation at fair value or at amortized cost
  • Manages the presentation effect of financial transactions - derivative and non-derivative - in the income statement by applying hedge accounting principles

Proprietary Application Services

Our solutions and implementations are backed by over twenty years of experience and expert knowledge in both technology and market risk management practices

Proprietary software - from simple applications to complex systems - we transform demanding business logic into reliable and user-friendly tools.

  • We implement proprietary FRS applications, customizing and configuring them to the business, infrastructure, and architectural requirements of the organization.
  • We integrate with other IT systems used by the organization to automate risk management processes to the greatest extent possible.
  • We create dedicated, independent IT tools at our clients' request.

FRS Application Maintenance

  • FRS applications are covered by professional maintenance services. Our team ensures stability and reliability in handling service requests.
  • We continuously develop proprietary FRS applications, adapting them to new client expectations regarding critical business functions or compliance with internal or external regulations.

Expert Support

  • Our clients can benefit from expert support in areas related to the functional scope of proprietary FRS applications.
  • We are happy to discuss challenges and principles related to counterparty scoring assessment and verification, evaluation of financial risk hedging effectiveness, or application of financial instruments accounting principles.

We build lasting relationships with our clients by offering continuous user support, consulting, and partnership in the face of technology changes as well as regulatory requirements and market practices.

Third-Party Application Services and Advisory Support

We provide professional maintenance services for dedicated third-party software used in risk management or financial instruments management.

Maintenance Support

  • Continuous monitoring of IT systems and optimization of their performance
  • Efficient identification, analysis and resolution of incidents, with minimal impact on business operations
  • Implementation of changes and updates resulting from organizational needs and regulatory requirements
  • Development and enhancement of IT system functionality in response to changing user expectations

Advisory Support

  • Our experts are available for consultations.
  • They provide support in methodologies and market practices related to:
  • Counterparty verification and scoring assessment
  • Functioning and price risk management in energy, commodity, currency, and interest rate markets
  • Financial instruments valuation
  • Accounting principles for financial instruments

Whether supporting proprietary applications or externally developed solutions, we strive to achieve an understanding of both technology and business aspects to ensure precision and transparency of actions, as well as speed of response and execution of service requests. Clients appreciate our discretion, expertise, and ability to seamlessly take over maintenance of complex IT solutions while maintaining normal business operations.

Contact

Office

Warsaw Trade Tower (22nd floor)

ul. Chłodna 51 00-867 Warsaw

Email

contact@financialrisksystems.com

Address

ul. Twarda 18 00-105 Warsaw