Implement and manage refinancing efficiently
Refinancing institutions, as central issuers in Switzerland and Liechtenstein, enable their member banks to raise liquidity on first-class terms. Connecting to an issuer and managing cover pools and individual cover assets requires reliable and efficient systems.
With Covaro Fund, banks manage their refinancing processes efficiently and traceably. The solution combines electronic cover register management and cover pool management in a single end-to-end system.
Covaro Fund thus creates a transparent and traceable foundation for modern, efficient refinancing management.
Information on use of the software from the issuer perspective is available under Covaro Pool:
Functions
Keep your refinancing processes in view
With Covaro Fund, you implement your refinancing processes efficiently – from providing the cover assets through to data exchange with the issuer.
The following functions show how Covaro Fund supports banks in managing their refinancing processes.
Cover pool management
Cover assets are assigned to a cover pool and managed centrally. All value-relevant changes are logged in the cover register as transactions and transmitted to the connected issuer.
The relevant key figures are synchronised with the issuer and presented transparently. In addition to standard cover, replacement cover can also be taken into account in emergencies.
The system ensures that the respective pool conditions are met and carries out the corresponding data checks automatically. This way, you maintain an overview even with complex financing structures.
Electronic data reconciliation
The electronic data exchange between banks and issuers takes place via a standardised web service. You provide the relevant data for the issuer and continuously transmit changes.
Data is provided on a rule-based, system-supported basis. The underlying data is imported via a standardised interface.
References
These banks use Covaro Fund for digital cover register management and refinancing management.
Would you like to find out more about Covaro Fund? Talk to us.