Opturo has developed VICAP, a comprehensive, multi-currency rapid deployment solution designed to provide a complete composite performance & assets reporting platform for achieving and maintaining GIPS® compliance. It leverages the VIA platform to offer the most comprehensive, flexible and cost effective composite creation-maintenance-reporting solution. VICAP puts GIPS compliance within the reach of any firm.

The notable features are:

• Rapid Deployment: No Implementation (Plug & Play)
• Flexibility: Works in diverse client environments and integrates to all accounting and broker platforms.
• Comprehensive: The platform can be leveraged to perform the following:
  • Composite creation.
  • Inclusion/exclusion rules validation.
  • Daily or monthly account or asset-class level performance (TWR, IRR) calculation with interval threshold.
  • Calculates Bond accruals.
  • Composite performance & assets reporting with custom reports, disclosures and benchmarks.
  • Seamless composite and account data extract for verification firm.
• Support for Carve-out. Click here for more information.

 

VICAP, an end-to-end compliance platform enables Investment Firms:

• To be on the road to GIPS compliance in days instead of months through the rapid deployment of the solution.
• Streamline and automate the new or existing compliance process.
• To ensure that books and records are consistent with custodial books and records on a transactional basis.
• Identify inconsistent data including outlier account level returns.
• Lower the overall cost of compliance.
• To become compliant quickly.

 

This product is used to generate composites from a universe of accounts.  The composite creation can be done over single or multiple periods.  With Composite Constructor, a multi-year verification can be achieved with minimal effort.

THE OPTURO ADVANTAGE

• Plug & Play: No installation required.  The software works directly with data files extracted from any accounting system.  It can scrub/validate data; calculate missing attributes (position or group level weights, TWR, IRR, etc.) at runtime.
• Flexible: Leveraging the VIA platform, it can be configured quickly and efficiently to create composites in diverse client environments.
• Ease of Use: Designed to be straightforward and intuitive.
• Multi-Period: The software supports compositing and validation at various period frequencies including: daily, monthly, quarterly, and yearly.  Save weeks of time on a multi-year verification.
• Data Visualization: Industry first implementation of heat maps and scatter plots providing an enhanced view of each composite across multiple time periods.

 

KEY BENETFITS

 

• Trade Journal: Composite trade journal for multi-period analysis supports the inclusion of a transaction file to calculate attributes including average trade price, etc.
• Inclusion/Exclusion Rule Definitions: Flexible Account level inclusion/exclusion rule definitions support the definitions of hard and soft rules to determine the account’s exclusion from the composite.
• Sample/Target Account List: Ability to provide a subset of accounts for the composite creation.
• Substitute Security: Security substitution functionality allows treating multiple cash-like instruments as a single cash instrument.  This functionality can be extended to other groups of securities including money market, treasuries, etc.
• Strategy-Composite Name Map: Ability to provide strategy-name mapping files to assign names to each composite.
• Multi-period Composite-Account Mapping List: Supports the generation of a composite-account multi-period mapping list that automates the creation of Composite Performance and Asset reports.
• Multiple Composite Assignment Criteria Definitions: Supports flexible Composite/Model assignment criteria definitions to control the assignment of accounts to a composite.
• Composite Cumulative Period Return: Supports the calculation of cumulative returns for defined periods for each composite.  Sample cumulative periods include WTD, MTD, and YTD, etc.