FactSet Research Systems Inc. - Cash Flow Testing
Type of System
- Asset/liability management
- Capital modelling
- Data management
- Economic / risk scenario generator
Type of platform
- Cloud
- SaaS
- Web-based
Other features - does your offering facilitate
- Curve-fitting
- LDTI
- Least-squares Monte Carlo
- NAIC Principle-based reserving
- NAIC RMORSA
- NY7
- AG43
- AG50
- PBR
- Economic Capital
What are the typical implementation costs?
There are no typical implementation costs as they depend on the solutions and teams involved.
How long does your software take to implement on site?
Cash Flow Testing application runs on the cloud and can be implemented within zero to three months.
Please name companies that use the system/solution
FactSet doesn’t disclose client names. However, the largest global insurance firms use FactSet for cash flow testing, scenario analysis, and regulatory capital management.
Do you have an open API?
We offer APIs for uploading data and scenarios used for cashflow batches. APIs can also be used to run single-security analytics and cashflows.
Does your solution incorporate AI technology? How?
The cash flow testing applications do not incorporate any AI technology.
Most recent significant update:
Added seamless results delivery via Snowflake share to remove the burden on clients from managing files and enabled programmatic, automated rate and spread scenario upload and validation via API
Incorporating spread scenarios for PBR workflows and added support for BMA R1-R8 shocks. Enhanced the automation of Lot-level positions and added support for multiple book values (GAAP, STAT, IFRS) without creating additional input files.
Planned future enhancements:
Expanding our asset cash flow projection API to cover automated batch runs.
How does your solution integrate with third-party systems or in-house systems?
FactSet’s Asset Cash Flow Testing application can integrate scenarios from all third-party or in-house scenario generators and output projections to all major actuarial systems. FactSet uses Intex for structured credit and internally sourced terms & conditions for all non-structured securities.
What is the key attribute of your product(s) that differentiates it from your competitors?
- The technology built for cash flow testing allows a distributed cloud deployment on-demand to finish the largest number of jobs.
- Full repricing cash flow engine with the ability to incorporate interest rate shocks using multiple reference curves and rating transition matrices for horizon valuation.
- Robust prepayment and loss modelling framework that automatically assigns prepayments and losses based on collateral characteristics.
What trends are you seeing in terms of customer demand?
The cash flow testing results are incorporated into the public cloud for streamlined asset liability management. Incorporation of alternative assets into the cash flow testing process – as general accounts allocate to RMLs, Private ABS, and Credit deals, the need for proper modelling is becoming more paramount.
Contacts
Email: [email protected]
