The Basel-based company will use SimCorp Dimension throughout the organisation for transaction entry, scenario analysis, online-valuation, processing, compliance, settlement, collateral management and IFRS reporting. Relying on flexible standard software EUROFIMA will be able to concentrate on its core business.
“SimCorp Dimension is a market-leading software solution from an established and reliable provider,” explains Patrick Tschudin, chief operating and risk officer of EUROFIMA and responsible for the project. “Besides the wide range of functionality, we were particularly impressed with SimCorp’s ability to provide comprehensive solutions for EUROFIMA.”
“We are very proud to add a supranational finance organisation such as EUROFIMA to our client base,” says Dr. Ralf Schmücker, managing director and head of sales and product management at SimCorp Central Europe. “Their decision demonstrates SimCorp’s ability to provide modular and flexible solutions that can be configured to meet the needs of a multinational investment manager, just as our comprehensive network of international clients can contribute to the exchange of knowledge beyond regional borders.”
EUROFIMA European Company for the Financing of Railroad Rolling Stock is a supranational organization located in Basel, Switzerland. It was established in 1956 based on an international treaty signed by 25 European sovereign States so far. EUROFIMA fulfils a non-profit maximizing mission to support the development of rail transportation in Europe. It supports its shareholder railways as well as other railway bodies in renewing and modernizing their equipment. EUROFIMA is the third oldest multilateral lending institution and manages assets of about CHF 35 billion.
Photo: Rhine River in Basel, Switzerland - Norbert Aepil (Creative Commons)