ALMIS Modular Delivery

ALMIS International constantly looks at ways to help clients save costs and ease the implementation process. ALMIS has now adopted a modular approach when implementing future ALMIS systems, to make it easier for users to operate the system to its full potential. This means that modules can be taken as a stand alone module, all together, or a selection. Modules can also be added as the financial institution grows and develops, giving flexibility to suit organisational needs.

The system has been divided into six modules which are:

  • Market Risk

  • Liquidity Stress

  • Financial Planning

  • Hedge Accounting

  • Capital Adequacy

  • FSA Reporting

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For more information about any of these modules, please click here

ALMIS Consortium Implementation

Significant cost savings were achieved through a consortium implementation with three financial institutions. Kingdom Bank, Loughborough and Dudley Building Society are all taking on ALMIS and are sharing implementation and training. By being able to help each other develop and use the system, faster implementation is also expected.

Phase III – Hedge Accounting

The International Financial Reporting Standards Board published their exposure draft on hedge accounting on 9th December 2010.

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