Products

FAQ

1. Is there a change management for the whole product Risk Framework?

It is supported via online model updates, where an automatic, highly flexible mapping to new or changed models ensures version compatibility. The mapping relates to GUI, data base and business logic.

2. Is it possible to use different data base systems at same time in a single installation?

No, RFW can work simultaneously only on one core data base from a supported set of data bases. Currently, these are: Oracle, MS SQL, DB2, Teradata, and My SQL. However, it is possible to access external data on business logic level in all supported data bases. For example, one can work on MS SQL, but access balance sheet data from an Oracle data base.

3. What WEB Browser are supported in the WEB Version?

All usual browser, including Internet Explorer, Mozilla Firefox, Google Chrome, Sea Monkey, Opera, Safari for PCs, tablets and smart phones. The supported browsers are based on HTML5+java scripts.

4. What is the license policy for RFW?

The usage of features and modules is enabled or restricted with separate licenses. In this way, customers pay only for modules they really need. The licenses can be configured to be with or without a time restriction. Important are the following rules:

  • Test licenses can give free access to all modules, so that the customer can check the usability of particular modules.
  • The number of licenses restricts only the number of users that can login into the system at same time. For example, it is possible to have 40 defined users, but only 20 of them can work at same time.
5. What is the meaning of the term ‘multi-entity’?

Various sub-units (e.g. bank branches, business centers, departments, etc.) of the main institution are physically represented in one data base, but they work in a separate access-protected logic areas of the same data base. The sub-units can have different local settings and they can access other sub-units via hierarchic rights. Risk Framework allows hierarchic company structures, where visibility and accessibility are controlled by rights and roles.

6. What does the '4-eye confirmation' mean?

Rights and roles that are assigned to users enable the realization of a multi-step work flow while working with the system. For example, a simple approach can be:

  • User 1 creates and modifies a session of a loss event within the operational risk module for the first time. In further steps, he enters additional data and calculates the losses.
  • User 2 confirms the last session state and the session freezes. It can't be changed any longer, only new versions can be created. But the business logic accepts the session at this point to be in the final state and obtains the data and results.
7. What is the speed up in the parallel version?

Processor cores are used at parallel calculations of sessions (e.g. at parallel calculations of portfolios), as well as during Monte Carlo simulation, where the simulation runs are distributed on processor cores. The speed-up depends on the test case. Many tests show performance speed-ups from about 3 to 3.5 times at real 4-core processor. An additional speed-up factor of 1.5 to 2 can be obtained, if using a 64-bit processor.