COMPIRICUS Servicepackage Reference Interest Rate Reform & SAP

COMPIRICUS Service-
package Reference Interest Rate Reform & SAP

Consulting and software for reference interest rate reform and its impact on your SAP system landscape

LIBOR, SOFR, EONIA or €STR – we help you to implement necessary process and SAP system enhancements

The financial market is still in transition – in almost all countries and regions, the requirements for the determination of reference rates in the money market have been adjusted, replacing the “IBOR” world with the corresponding overnight rates such as SOFR, SONIA or €STR. As a consulting firm and software partner specializing in finance, we have been dealing with the consequences of these reforms since 2019 and have built up additional specific expertise in this area. With this knowledge, we are very happy to competently support you in making your processes and systems fit for the changes in reference interest rates.

At a glance – Worth knowing

As a consulting firm and software partner specializing in finance, we have been dealing with the topic since the beginning of the initiatives surrounding the new reference interest rates. We would be happy to support you in making your processes and systems fit for the changes resulting from the reference interest rate reform: Both in an advisory capacity, by evaluating the necessary adjustments in your SAP TRM, as well as in terms of system technology, for example by updating FIMA in your system via the corresponding notes, adjusting the customizing for you and testing the new financial transactions in detail with you.

You hold variable-rate instruments in your portfolio and want to convert the corresponding references to the new benchmarks – or you plan to conclude financial products based on the new references. Both make an adjustment of your SAP system landscape unavoidable.

Many years of expert knowledge in the modules SAP TRM and SAP CML, as well as regarding variable interest financial instruments in all asset classes:

  • Extensive experience with the corresponding notes and the associated new setting options (e.g. for interest conditions)
  • In-depth background knowledge of, among other things, the new contracts and the calculation of their payment flows, in order to be able to put the system settings “through their paces
  • Use of “best practice” approaches due to broad contacts with insurance companies

We cooperate with globally active insurance groups as well as industrial companies with regard to system adjustments for benchmark reform.

You can find a selection of our references under:

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Thomas Büttner | Director
Thomas Büttner | Director +1 617-895-7977