Danel FC Digital
Insurance companies
Traders and investment managers – Front Office
- Planning the funds’ trading activity taking into account restrictions, policies, prohibitions and balances
- Concentration of trades for all the banks
- Digital and automatic entry of bank trades
- Multi-bank splits
- Transmission of splits to the banks
- Production of bank split reports
- Processing of brokerage/custodian transactions
- Calculation of brokerage fees
- Transparency of EFTs/mutual funds portfolio composition
- Audit reports on holdings, exposures and activities
- BI reports
Risk controllers and managers – Middle Office
- Audit of compliance with investment policy
- Audit of compliance with Company policy
- Audit of compliance with regulation
- Calculation of portfolio exposures
- Running simulations and market scenarios
- Audit reports
- BI reports
- Fraud prevention checks and detection of suspicious activity (under development)
- Risk management – VAR calculation
- Transparency of EFTs/mutual funds portfolio composition
- Compliance with Solvency II (under development)
- Interest parties’ reports
- Follow-up on resolutions in reports to investment committees
Back Office
- Interfaces with Israeli banks
- Interfaces with foreign banks
- Handling irregularities
- Entry and management of non-tradable securities
- Fair value interfaces
- Calculation of management fees for ETFs
- Management and processing of: accounts/products/fund/issuer
- Audit of brokerage fees
- Audit of proceeds from securities
- Projection and confirmation of proceeds
- Control and audit reports
- Audit of traders’ orders vis-à-vis bank trades
- Bank reconciliations
- Revaluation audit
Management of BPM processes
- Management of reminders for security-related-events –
- arrangements/restrictions etc.
- Support of inter-organization processes
- Assignment of missions to employees and setting the SLA
- Follow-up on mission progress
- Production of statistics reports for managers
- To-do list for each employee
- Intra-organizational digital communication
Accounting and regulation
- Transaction layer management
- Corporate tax calculation
- IFRS calculations for proprietary accounts
- Revaluation of tradable and non-tradable assets
- Management and revaluation of forward and derivative transactions
- Transparency of EFT/mutual funds portfolio composition
- Calculation, management and reporting of direct expenses
- Calculation of management fees for ETFs
- Management and revaluation of loans to institutional investors
- BI reports
- Processing private placements
- Processing and management of investment funds
- Management of real estate projects and REITs
- Management and processing of loans and lending
- Processing of restricted shares and securities during the dripping period
- Calculation of daily returns
Interfaces
Interfaces with fund members / yield systems
- Interfaces with journal entries
- Accounting – interface for profits
- Accounting – interface for IFRS
Treasury
- Cash flow management
- NIS/foreign currency bank transfers
- Security transfers
- Reports to banks to execute transfers
- Automatic verification of transfers vis-à-vis reports
- Entry of current account statements
- Display of historic current account statements
- Interfaces with the accounting system
- Audit of planning versus execution
Regulation
- Monthly reports to the Finance Ministry
- Quarterly reports to the Finance Ministry – single assets
- Calculation and reports of yield components