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IBM Algo on Cloud includes new enhancements

IBM United States Software Announcement 213-201
May 21, 2013

Table of contents
Overview Overview Technical information Technical information
Key prerequisites Key prerequisites Ordering information Ordering information
Planned availability date Planned availability date Terms and conditions Terms and conditions
Description Description Prices Prices
Program number Program number


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At a glance
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IBM® Algo Risk® Service on Cloud enhancements deliver the following benefits:

Algo Risk Content on Cloud enhancements

Algo FIRST® is designed to enrich the users' operational risk program by providing:

Algo FIRST Data add-ons are designed to enrich your operational risk program by providing:



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Overview
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Algo Risk Service on Cloud

New components are available for Algo Risk Service on Cloud.

Algo Risk Content on Cloud

A new Algo Risk Content on Cloud component, Algo FIRST Data Add-on FastMap Version, delivers daily updates of the entire Algo FIRST database in a format compatible with the IBM OpenPages GRC Platform V6.2.1.

The following Algo Risk Content on Cloud components are renamed for simplification:



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Key prerequisites
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For details, refer to the Hardware and software requirements section.



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Planned availability date
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May 21, 2013: Electronic delivery



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Description
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Algo Risk Service Solvency II Standard Formula Market Risk

Algo Risk Service Solvency II Standard Formula Market Risk performs standard formula, SCR calculations.

This solution enables insurers and insurer-asset managers to measure, monitor, manage, and report market risk exposures from a Solvency II standard formula perspective. Asset managers and asset servicers deploying the solution can gain a competitive advantage in having the ability to assess possible changes to capital requirements for insurers as a result of possible changes to portfolio construction.

Algo Risk Service Interactive Users On Cloud

Algo Risk Service Interactive Users On Cloud provides end users the ability to access all daily, weekly, or monthly Algo Risk Service on Cloud content via an interactive web application. End users can perform portfolio construction and what-if analysis, set limits on all available analytics, share information across the organization, create new reports, export information, change investment decision trees, and gain overall insight to the underlying portfolio risk.

Solution packaging - How to build business solutions with the available Algo Risk Content on Cloud components. Users can select the content product appropriate for their needs:

The Algo Risk Service Solvency II Standard Formula Market Risk On Cloud solution is an add-on to the Algo Risk Service on Cloud solution, which forms the managed edition of the portfolio construction and risk management solution tailored for different buy-side verticals. These include fund managers, pensions, hedge funds, and asset servicers.

Algo Risk Service Interactive Users On Cloud is a mandatory component for using the Algo Risk Service on Cloud solution, which forms the managed edition of the portfolio construction and risk management solution tailored for different buy-side verticals. These include fund managers, pensions, hedge funds, and asset servicers.

Algo Risk Content on Cloud

Algo FIRST contains over 12,000 detailed real-life case studies, that are based on 20 years of external, risk loss events.

Each case study contains in-depth, index-rich analysis that highlights control breakdowns and management responses to help users' organization prevent losses before they occur. By applying the lessons learned, Algo FIRST helps organizations minimize their risk exposure and enhance internal controls.

The Algo FIRST database is updated daily by a team of multilingual researchers, who source public data such as court filings, regulatory documents, industry journals, and other established news sources. Case studies contain careful and detailed analysis that delve deep into control and process failures, and provide hierarchical keyword indexes to help users quickly search for similar case studies. There are 13 hierarchical indexes, which include Basel event type, Basel business line, event triggers, loss impacts, and product and service type.

The rules and regulations hierarchy, with information from the database, helps organizations better understand the outcomes of industry regulatory violations.

The types of recent financial services events in Algo FIRST include insider trading, frauds, natural disasters, regulatory violations, governance issues, liquidity risk, and transactional and business risk. Algo FIRST is a valuable resource for financial services organizations providing at-a-glance charts and graphs, free text searching, in-depth case study, and essential content for scenario analysis and self-assessment programs.

Algo FIRST Data Add-on FastMap Version

The Algo FIRST Data Add-on FastMap Version provides daily updates of the entire Algo FIRST database in a format compatible with IBM OpenPages GRC Platform - Operational Risk Management module (V 6.2.1 or higher). OpenPages GRC Platform users can use the Algo FIRST Data Add-on FastMap Version to provide end users access to Algo FIRST case studies within the IBM OpenPages application. Once the data is loaded into IBM OpenPages , end users can browse and associate Algo FIRST case studies to OpenPages GRC objects like Scenario Analysis, Risks, and Loss Events.

Note: The Algo FIRST data add-on is compatible with specific versions of the OpenPages GRC Platform Operational Risk Management module. Consult the IBM support representative for compatibility details.

Solution packaging - How to build business solutions with the available Algo Risk Content on Cloud components. Users can select the content product appropriate for their needs:

Algo FIRST - Web-based new and updated events on demand; components include the base system offering, and Authorized User. In order to get access to Algo FIRST , the client must take the base system component and as many Authorized User seats as needed for their user community.

Algo FIRST is the cloud-based, external-event database. Algo FIRST components are a prerequisite for using the either of the Data Add-ons (either XML Version or FastMap Version).

Algo FIRST Data Add-on XML Version is a product to supplement Algo FIRST . The add-on is an XML file used by institutions to integrate with other legacy, operational risk systems. If users want to take advantage of the add-on, they must subscribe to Algo FIRST .

Algo FIRST Data Add-on FastMap Version is a product to supplement Algo FIRST . The add-on is a FastMap file used by institutions to integrate with OpenPages V6.2.1 or higher. If you wish to take advantage of the add-on, you must subscribe to Algo FIRST .

Algo OpData is a stand-alone database in .xls format delivered twice annually for organizations that require operational risk quantitative events. Each event contains the necessary descriptors and categorizations (such as Basel hierarchies) to supplement and enhance operational risk models for the purpose of introducing tail events into their model.



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Program number
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Program          Program
number    VRM    name
5725-H57  4.9.0  IBM Algo Risk Service on Cloud
5725-H59  6.1.4  IBM Algo Risk Content on Cloud


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Education support
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For education information, visit

http://www-304.ibm.com/jct03001c/services/learning/ites.wss/us/en?pageType=page&c=A2427 58X16630P51


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Offering Information
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Product information is available via the Offering Information website

http://www.ibm.com/common/ssi

Also, visit the Passport Advantage® website

http://www.ibm.com/software/passportadvantage


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Technical information
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Specified operating environment

Hardware and software requirements

Algo Risk Service on Cloud

Algo Risk Service Solvency II Standard Formula Market Risk

Algo Risk Service Interactive Users On Cloud

Algo Risk Content on Cloud (5725-H59)

Algo FIRST

Workstation with browser (one of the following):

Recommended minimum screen resolution of 1024 x 768

Software requirements

The program's specifications and specified operating environment information may be found in documentation accompanying the program, if available, such as a README file, or other information published by IBM , such as an announcement letter. Documentation and other program content may be supplied only in the English language.

Planning information

Packaging

No software is shipped with this offering.

Access to Algo Risk Service on Cloud and Algo Risk Content on Cloud instances will be provided to each entitled user.



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Software Services
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IBM Software Services has the breadth, depth, and reach to manage your services needs. You can leverage the deep technical skills of our lab-based, software services team and the business consulting, project management, and infrastructure expertise of our IBM Global Services team. Also, we extend our IBM Software Services reach through IBM Business Partners to provide an extensive portfolio of capabilities. Together, we provide the global reach, intellectual capital, industry insight, and technology leadership to support a wide range of critical business needs.

To learn more about IBM Software Services or to contact a Software Services sales specialist, visit

http://www.ibm.com/software/sw-services/


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Ordering information
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This product is only available via Passport Advantage . It is not available as shrinkwrap.

These products may only be sold directly by IBM or by authorized IBM Business Partners for Software Value Plus.

For more information about IBM Software Value Plus, visit

http://www.ibm.com/partnerworld/page/svp_authorized_portfolio

To locate IBM Business Partners for Software Value Plus in your geography for a specific Software Value Plus portfolio, visit

http://www.ibm.com/partnerworld/wps/bplocator/

Algo on-Cloud

Product group: Application Integration Middleware
Product category: Algo on-Cloud
 
                                                  Product Identifier
                                                  Description (PID)
 
  Algo Risk Service on Cloud                      5725-H57
  Algo Risk Content on Cloud                      5725-H59

Algo Risk Service on Cloud (5725-H57)

Passport Advantage

                                                        Part
Product name/Description                                number
 
Algo Risk Service Solvency II Standard Formula Market Risk On Cloud
 
 Per Billion Asset Conversion Unit Monthly              D105PLL
  Subscription with Support Per Month
 Daily Fee for Partial Month                            D105QLL
 
Algo Risk Service Interactive Users On Cloud
 
 Authorized User - Monthly Subscription with Support    D105TLL
  Per Month
 Daily Fee for Partial Month                            D105ULL
 

Algo Risk Content on Cloud (5725-H59)

Passport Advantage

                                                        Part
Product name/Description                                number
 
Algo FIRST
 
 Authorized User Monthly subscription with support (1)  D0UR8LL
 Partial month charge (daily fee) (1)                   D0UR7LL
 Per Access monthly subscription with support           D106DLL
 Daily Fee for Partial Month                            D106ELL
 Service level agreement                                D106FLL
 
 (1) Existing part number
 
Algo FIRST Data Add-on XML Version
 
 Per Access monthly subscription with support           D106GLL
 Daily Fee for Partial Month                            D106HLL
   
Algo FIRST Data Add-on with FastMap Version
 
 Per Access monthly subscription with support           D106ILL
 Daily Fee for Partial Month                            D106JLL
 
Algo OpData
 
 Per Access monthly subscription with support           D106KLL
 Daily Fee for Partial Month                            D106LLL
 

Charge metric

Program name                                 PID number  Charge metric

Algo Risk Service on Cloud                   5725-H57
 
- Solvency II Standard Formula Market Risk               Billion Asset Conversion 
                                                          Unit
- Interactive Users on Cloud                             Authorized user 
 
Algo Risk Content on Cloud                  5725-H59     Authorized user
 
- Algo FIRST                                             Authorized user
                                                         Access
- Algo FIRST Data Add-on XML Version                     Access
- Algo FIRST Data Add-on FastMap Version                 Access
- Algo OpData                                            Access

Billion Asset Conversion Unit

Billion Asset Conversion Unit (BACU) is a unit of measure by which the IBM SaaS can be obtained. An Asset Conversion Unit is a currency-independent measure of an Asset amount relevant to the IBM SaaS. Currency-specific Asset amounts must be converted into ACUs in accordance with the table located at

http://www.ibm.com/software/licensing/conversion_unit_table

Each BACU entitlement represents one Billion (10 to the 9th power) ACUs. Sufficient BACU entitlements must be obtained to cover the amount of Assets processed or managed by the IBM SaaS during the measurement period specified in Customer's Proof of Entitlement (PoE) or Transaction Document.

Authorized User

Authorized User is a unit of measure by which the program can be licensed. An Authorized User is a unique person who is given access to the program. The program may be installed on any number of computers or servers and each Authorized User may have simultaneous access to any number of instances of the program at one time. Licensee must obtain separate, dedicated entitlements for each Authorized User given access to the program in any manner directly or indirectly (for example, via a multiplexing program, device, or application server) through any means. An entitlement for an Authorized User is unique to that Authorized User and may not be shared, nor may it be reassigned other than for the permanent transfer of the Authorized User entitlement to another person.

Note: Some programs may be licensed where devices are considered users. In that case, the following applies. Any computing device that requests the execution of or receives for execution a set of commands, procedures, or applications from the program or that is otherwise managed by the program is considered a separate user of the program and requires an entitlement as if that device were a person.



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Terms and conditions
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The information provided in this announcement letter is for reference and convenience purposes only. The terms and conditions that govern any transaction with IBM are contained in the applicable contract documents such as the IBM International Passport Advantage Agreement and the IBM SaaS Terms of Use Agreement.

This product is only available via Passport Advantage . It is not available as shrinkwrap.

Subscription

The IBM International Passport Advantage Agreement and the IBM SaaS Terms of Use agreement govern your use of this offering.

Technical Support

Technical Support is provided for the IBM SaaS and Enabling Software, as applicable, during the Subscription Period. Any enhancements, updates and other materials provided by IBM as part of any such Technical Support are considered to be part of the IBM SaaS or Enabling Software, as applicable, and therefore governed by these Terms of Use Technical Support is included with the IBM SaaS and is not available as a separate offering.

Refer to additional technical support information in the IBM Software as a Service Terms of Use document for the program.

License Information form number

The program's Terms of Use document is available on the IBM Software as a Service Terms of Use website

http://www.ibm.com/software/sla/sladb.nsf/sla/tou
Limited warranty applies

The warranty for IBM SaaS is stated in the Terms of Use.

Money-back guarantee

No

Volume orders (IVO)

No

Passport Advantage applies

Yes, and through the Passport Advantage website at

http://www.ibm.com/software/passportadvantage
Software Subscription and Support applies

No

IBM Operational Support Services - SoftwareXcel

No

Other support

Passport Advantage

System i Software Maintenance applies

No

Variable charges apply

No

Educational allowance available

Not applicable.



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Statement of good security practices
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IT system security involves protecting systems and information through prevention, detection, and response to improper access from within and outside your enterprise. Improper access can result in information being altered destroyed or misappropriated or can result in misuse of your systems to attack others. Without a comprehensive approach to security, no IT system or product should be considered completely secure and no single product or security measure can be completely effective in preventing improper access. IBM systems and products are designed to be part of a comprehensive security approach, which will necessarily involve additional operational procedures, and may require other systems, products, or services to be most effective. IBM does not warrant that systems and products are immune from the malicious or illegal conduct of any party.



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Prices
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For all local charges, contact your IBM representative.

Business Partner information

If you are an IBM Business Partner -- Distributor for Workstation Software acquiring products from IBM , you may link to Passport Advantage Online for resellers where you can obtain Business Partner pricing information. An IBM ID and password are required.

https://www.ibm.com/software/howtobuy/passportadvantage/paoreseller

Passport Advantage

For Passport Advantage information and charges, contact your IBM representative or authorized IBM Business Partner for Software Value Plus. Additional information is also available at

http://www.ibm.com/software/passportadvantage

IBM Global Financing

IBM Global Financing offers competitive financing to credit-qualified customers to assist them in acquiring IT solutions. Offerings include financing for IT acquisition, including hardware, software, and services, from both IBM and other manufacturers or vendors. Offerings (for all customer segments: small, medium, and large enterprise), rates, terms, and availability can vary by country. Contact your local IBM Global Financing organization or visit

http://www.ibm.com/financing

IBM Global Financing offerings are provided through IBM Credit LLC in the United States, and other IBM subsidiaries and divisions worldwide to qualified commercial and government customers. Rates are based on a customer's credit rating, financing terms, offering type, equipment type, and options, and may vary by country. Other restrictions may apply. Rates and offerings are subject to change, extension, or withdrawal without notice.

Financing from IBM Global Financing helps you preserve cash and credit lines, enables more technology acquisition within current budget limits, permits accelerated implementation of economically attractive new technologies, off

ers payment and term flexibility, and can help match project costs to projected benefits. Financing is available worldwide for credit-qualified customers.

For more financing information, visit

http://www.ibm.com/financing
Trademarks

IBM, Algo Risk, Algo FIRST, OpenPages, Algo and Passport Advantage are registered trademarks of IBM Corporation in the United States, other countries, or both.

Windows and Microsoft are trademarks of Microsoft Corporation in the United States, other countries, or both.

Other company, product, and service names may be trademarks or service marks of others.

Terms of use

IBM products and services which are announced and available in your country can be ordered under the applicable standard agreements, terms, conditions, and prices in effect at the time. IBM reserves the right to modify or withdraw this announcement at any time without notice. This announcement is provided for your information only. Additional terms of use are located at:

http://www.ibm.com/legal/us/en/

For the most current information regarding IBM products, consult your IBM representative or reseller, or visit the IBM worldwide contacts page

http://www.ibm.com/planetwide/us/

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