March 31, 2007

Primatics Systems implements its Loan Accounting System at a publicly traded commercial bank providing daily amortization for complex commercial loans

The implementation provides for direct event based integration between the banks commercial lending platform and the Primatics platform. The event based architecture provides for several key architectural advantages, including a loose coupling between the current servicing platform and the Primatics accounting system, a real-time processing system allowing the bank to keep accounts up-to-date on a daily basis and a truly transactional view to the loan life cycle.

One of the other great strengths of the Primatics system is the core rewind and replay function that allows the bank to compensate for incomplete and often incorrect operational data. The Primatics system allows the operations team at the bank to load data as it becomes available and expect the system to handle data timeliness and quality issues on it’s own. The internal automatic QC function produces a daily operational report indicating inconsistent or suspected incorrect data to the operational team so that they can correct the data at the source. Once such corrections have been committed in the source system, the Primatics system will automatically determine the appropriate correction event and use the internal replay event to determine the adjustment to the sub-ledger.

The delivered platform allows for both revolving and non-revolving facilities, where either type allows the user to create TermLoan(s)/Carveout(s) from the facility. In addition the system fully supports processing syndicated/partially participated loan contracts. The internal sub-ledger is used to keep track of the basis at the loan level. Finally the system includes a versionable loan master that is exposed for direct interaction with other client facing applications.

If you’d like more information on this topic, please call Tracy Swensson at 703.342.0046 or e-mail Tracy at tswensson@primaticsfinancial.com.

About Primatics Financial

Primatics Financial was founded in 2004 to provide accounting compliance, analytics, valuation, and risk management to small, medium and large size financial institutions. A leading-edge consulting and product development firm, Primatics is widely recognized for its ability to combine innovation with extensive domain expertise – bridging the gap between data, analytics, accounting, and technology to deliver progressive, promising end-to-end solutions. For more information about Primatics, call 703.342.0040 or visit www.primaticsfinancial.com.

March 31, 2007

Primatics Systems implements its Loan Accounting System at a publicly traded commercial bank providing daily amortization for complex commercial loans

The implementation provides for direct event based integration between the banks...
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March 31, 2007

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