Calculation Services
CS is a boutique financial calculation services company set up to provide the finance industry with an alternative solution to in-house
calculations, data cleaning & conversion, formatting and graphics which can often be more hassle than the related business is worth.
An example of what CS does might be where a business finds itself in a position where it must hire extra resources to aggregate portfolio data and
perform daily tests on the results. Not only can such calculations be mundane, they can often take up considerable time and money.
The people at CS have a broad range of experience both in the financial and IT sector and can perform any calculations or data processing for
your company. Anything from data conversion between various formats (i.e. PDF to Word) to full blown portfolio reporting and aggregation testing
can be done on your behalf and electronically delivered to you in several ways, including secure email and FTP on a ad hoc, daily, weekly or
monthly basis.
If you think your business may benefit by outsourcing some of its in-house calculations, data processing or analysis, we are here to help.
CS Team.
Calculation Services
Areas of Service Include
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Finance
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Data
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Structured Finance Modelling and Reporting
Portfolio Aggregation and Summarisation
Customised Portfolio Market Value alerts and calculations via our Monitoring Agent System
Record (Loan / Transaction) Level Data Scrubbing (cleaning) of massive data files
MS Excel Re-formatting including bulk date and currency issues, column merging / splitting, stochastic /
statistical calculations
Screen Scraping (Data Transfer) from Mainframe into Excel / Other format
Chart Graphing and Visuals on any subject
PDF generation and reverse engineering back to text
Document Scanning and Imaging with OCX recognition into MS Word or other softcopy format
All products can be produced in Excel, Word, PDF, Hard Copy, Text, CSV, other media on request.
Business & Management
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Staff Management Reporting
Expense Reporting and Client Invoicing
Bespoke Database and Software Development
Calculation Services
Examples of service
Monitoring Agent
Bank X spends USD $80,000 p.a. to monitor the risk of a credit line they extended to their corporate client, Bank Y. This is done by calculating the
market value of the equities which Bank Y pledged to Bank X as security on the credit line. If the ratio between the credit line and the value of
pledged equities is too high, then more equities must be pledged, and if it is too low then Bank Y can regain control of some of their equities.
Market valuation and trigger limits must be reported before 7am each business day.
To perform this Monitoring Agent role, Bank X must do the following:
• Employ someone with credit model knowledge, Bloomberg knowledge and Reuters knowledge;
• Pay license fees to Bloomberg and Reuters to get the market values of Bank Y’s pledged equities on a daily basis;
• Use approx. 1 hour each day to perform the market value requests, update the excel model with new prices, check that the ratio limits have not
been triggered and inform interested parties of such daily results
As an alternative, Bank X can ask Calculation Services to do this for them at a fraction of their current cost. Calculation Services can
deliver a daily report on Bank Y’s portfolio to Bank X via FTP or secure mail.
Graphics
Each month Mr Busy downloads a 200 page scanned PDF document containing low level data on the Russian economy. He has been asked to
convert this into charts and graphs for a monthly presentation within his company.
Instead of hiring and training a temp, Mr Busy can have Calculation Services do this for him, saving him time and money. He can now
send his monthly data file to a secure Calculation Services server, which is then picked up, converted into Excel using custom OCR
technology, then turned into professional graphs and placed into a PPT file before being emailed back to Mr Busy the next day. This
has saved him considerable time, allowing him to focus on more critical operations of his business.
Calculation Services
Examples of service cont’d…
Large File Data Formatting & Summarisation
Bank B has won a new Paying Agent deal where they receive a quarterly CSV file containing up to 12 million credit card transactions. Their
current systems are not built to handle this amount of data. Due to recent headcount reduction, no staff have enough IT knowledge to summarise
or aggregate this data into a meaningful report.
Bank B elects to pass the very large file through to Calculation Services who format and aggregate the data by date, and provide
statistics on delinquencies and repayments before emailing it back to Bank B in a much more readable and compact format.
Screen Scraping
An Operations Department in Bank X was required to decommission their Mainframe billing system and begin using a more modern, audit
compliant program. Before this could be done, they had to move all their transactional data from the mainframe onto Excel. A team of five staff
were asked to work late and manually enter each transaction into Excel, one screen at a time. After working for one night, the employees were
not only very overworked but also had only entered about 0.3 percent of the total transactions. A feasible solution had to be found.
Calculation Services has developed a number of “screen scraping” tools which they can run against your Mainframe system to rapidly
convert such data into a more accessible format such as MS Excel, Word or Access.
Software Development
A line manager wants to more accurately monitor work load among his teams and present capacity charts to upper management in order to
request an extra head count. He was unable to find a good, simple system which could fit well with his business.
Calculation Services has a very strong software development arm which can work with your business on developing a customised
system tailored for your individual requirements.
Calculation Services
Partners
Isaac Dart
Managing Partner, 7 years CDO & ABS Experience
Former Citi London Analytics Team Leader, Financial Systems Developer
BIT Computer Science QUT, Australia
Daniel Kristiansson
Partner – Business Development, 9 years Investment Banking Experience
Former VP Citi Investment Banking, focusing primarily on the technology sector. 9 years of experience within M&A,
Equity and Debt Capital Markets as well as Equity Research at Citi / Salomon Brothers, Morgan Stanley and Dresdner
Kleinwort Wasserstein.
CEMS master in finance / business administration from Stockholm School of Economics.
Dwight van Diem
Partner – Quantitative Analysis, Investment Banking & Asset Management.
BEng (Mech. & Space) Hons, University of Queensland, Australia.
MSc Finance at the London School of Economics (ongoing).
Calculation Services
Contact Us
Address
Bentzonsvej 21, LTV
Fredericksberg 2000
Denmark
Main Phone
+44 7816 010 535
Skype
isaacdart
Email
CS@mrdart.com
We look forward to working with you soon!
- CS Team