ALMAN

(Asset & Liability Management System)

OVERVIEW

ALMAN (Asset & Liability Management System) is a strategic financial planning tool designed for banks and other institutions with large books of interest-rate-sensitive positions.

Too often rate risk measurement assumes that credit risk and liquidity risk are constant. Concurrently, credit risk measurement assumes that rate risk and liquidity risk are held constant. ALMAN offers integrated credit risk, market risk, asset & liability management, and performance measurement in a single software solution. This single platform enables risk practitioners to manage ALL the risks inherent in their portfolios and to identify market opportunities.

ALMAN provides this within the framework of

•	a system that is fully compliant with GARP (generally accepted accounting principles), meeting the standards of IAS39 (AC133)
•	an unlimited number of rate view and strategy combinations for modeling
•	a database with accessible data inputs AND simulation results
•	financial analytics
•	best-practice and industry standard pre-defined risk reports
•	reporting tools for user-defined risk, financial and management reports
•	complete back-testing capabilities
•	fully documented algorithms and calculation formulae
•	a graphic user interface (GUI)

Conventionally the ALCO (asset and liability management committee) in the bank employs ALMAN, but it is also effectively applied within the Financial / Treasury / Risk Management Departments as an excellent strategic risk management and budgeting tool.

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