Algo Collateral Newsletter

Over the past few years Algo Collateral has grown enormously and now has 40 clients worldwide. The sudden growth has meant changes as an organization to serve our client better.

A first change concerns the restructuring of the responsibilities within the Algo Collateral team. These organizational changes will be presented at the User Meetings in New York and London on June 18th and June 26th respectively. These changes have been made with the sole purpose of meeting our clients' needs better.

A second change concerns more rigid management of Algorithmics' software releases. Algorithmics will communicate its plans and important enhancements for upcoming major releases (including database changes) much earlier. Clients will better understand what to expect in future versions of Algo Collateral. Algorithmics will also be more rigid about its Quality Assurance procedures, ensuring that all specifications are met and meet a certain standard.

Algorithmics has finished work on Algo Collateral Version 4.4 and is in the midst of planning for Version 4.6, which is scheduled to be released at the end of October 2003. The majority of specifications and functionality is expected to be completed before the end of June. Small changes will be considered on a case-by-case basis during July and August. Development on the software will be frozen at the end of August in order for new enhanced test cycles to complete in time.

For a summary of planned functionality for version 4.6, please contact Alex Boguslavsky, Product Manager, Algo Collateral at: 856-642-6101 or at abogusla@algorithmics.com.

During the last few years Algorithmics has incorporated much of the user feedback into enhancements for Algo Collateral, and in some cases, the feedback has brought forward a completely new set of functionality. For example: ABN Amro co-developed the reconciliation tool; Deutsche Bank pushed for what-if scenarios and RVP/DVP functionality; CDC Ixis required expanded account information screens and built them themselves using Algo Collateral, which Algorithmics later incorporated this into the core Algo Collateral product; KBC Bank has led the parent/child functionality to allow for STP; Bayerische Landesbank was the first client to implement the link to the Legal Database, Ledis.

As the list of Algo Collateral clients grows, Algorithmics has noticed the many ways in which the solution is being used in financial organizations. And depending where collateral management is located within the financial institution, Algorithmics has found different functionality to be requested.

Algorithmics has collected this client feedback and has begun to investigate where further enhancements to Algo Collateral can be made. Algorithmics would like to hear from you and your ideas going forward.

For a summary of functional areas under consideration for version 4.8, please contact Alex Boguslavsky, Product Manager, Algo Collateral at: 856-642-6101 or at abogusla@algorithmics.com.