IBM Algo One: An on-premise framework for building dynamic risk systems

IBM United States Software Announcement 212-390
October 2, 2012


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


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At a glance
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Solutions included in IBM® Algo One:



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Overview
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IBM Algo One helps you define the software and technology needed to deliver on key business objectives. Sound risk management requires flexibility to meet emerging and often uncertain market challenges. The Algo One structure is designed to deliver these flexible solutions, with options configurable through the selection of base products, which are expandable through product add-ons to meet more specific requirements.

Algo One provides you with a solid foundation for building a risk management system that takes an integrated enterprise-wide approach, and can efficiently evolve to help meet compliance requirements.

IBM Algorithmics Integrated Market and Credit Risk is an enterprise solution designed to measure and manage financial market and credit risk across all asset classes, product types, and industry sectors. This solution supports Basel 3 internal models, meets middle office requirements for extensive analysis and reporting, and satisfies front office requirements for rapid information. Interactive decision support for the front office enables traders to competitively price risk reducing trades. This capability helps firms to do more business without increasing exposure. Firms seeking to improve risk-based decision making and lower operational costs can leverage the Integrated Marketing and Credit Risk solution to help intelligently manage risk capital and increase risk-adjusted returns.

IBM Algorithmics Balance Sheet Risk Management enables the measurement of the interest rate, liquidity, structural currency risk, and consumer behavior of core banking activities. Balance Sheet Risk Management is a process that looks at those bank risks that require simultaneous attention and coordination of both sides of the balance sheet. The primary objectives in managing balance sheet risk are determining the appropriate amount of funding, and managing the volatility in earnings and economic value of equity generated by the bank core asset and liabilities allowing institutions to enhance strategic decision making to help optimize growth, profitability, and long-term gains in capital value. This solution provides decision support that combines a comprehensive view of key risk drivers and metrics using a bottom up approach from transaction to portfolio, to legal entity, to enterprise group level.

Algo Balance Sheet Risk Management offers a sophisticated, yet streamlined solution, incorporating Algorithmic software products with a web-based reporting interface. The powerful, scenario-based infrastructure facilitates a holistic overview of balance sheet risk, enabling stress testing of assumptions to determine ideal risk exposure helping to ensure long-term growth in shareholder value.

IBM Algorithmics Portfolio Construction and Risk Management helps asset managers construct, monitor, and manage asset portfolios that are aligned with client objectives. Delivering clear and consistent views of risk, this solution provides timely and viable information to portfolio managers, traders, risk managers, and senior management.

IBM Algorithmics Economic Capital & Solvency II Enterprise Edition helps insurers manage balance sheet risk exposures for economic capital (for example, asset and liability), solvency capital, and risk management purposes. Supporting both internal and standard model approaches, this solution delivers timely and valuable information to risk managers, actuaries, portfolio managers, and senior management to enable tactical and strategic business decision making.

IBM Algorithmics Investment Design for Wealth Management helps wealth managers achieve regulatory compliance through to advanced multi-period optimization to construct and manage personalized client portfolios.

IBM Algorithmics Capital Management provides financial institutions with the tools, technology, and support to help address the challenges of the Basel Accords. Offering the ability to generate validated, consistent regulatory and economic capital measures across the enterprise, this solution helps organizations pursue an overall regulatory capital strategy that goes beyond meeting regulatory requirements to include increasing operational efficiencies and lowering the cost of capital.



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Key prerequisites
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Refer to the Hardware and software requirements section.



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Planned availability date
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Description
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Algorithmics Integrated Market and Credit Risk

Offers support for Basel 3 internal models

Supports deal-time decision support in the front office

Supports a consistent methodology for modeling market, credit, and liquidity risk

Solution packaging

Algorithmics Integrated Market and Credit Risk

IBM Algo One Counterparty Credit Risk Base is a solution that provides the capability to calculate presettlement counterparty credit risk measures (for example, potential future exposures) on an end-of-day or intraday batch frequency. The counterparty credit risk measures are calculated taking into account netting and collateral agreements entered into between the client and its counterparties. The system also provides the capability to develop custom aggregation functions. The Algo One Counterparty Credit Risk Base solution serves as the foundation layer for real-time solution.

The IBM Algo One Counterparty Credit Risk Base chargeable component is dependent on IBM Algo One Foundation.

IBM Algo One Counterparty Credit Risk CVA Add-on module builds on the Algo One Counterparty Credit Risk Base solution and allows you to calculate unilateral or bilateral credit valuation adjustment. The credit valuation adjustment module provides the ability to model risk neutral scenarios and marginal probabilities of default, which serve as inputs into the credit valuation adjustment calculation.

The Algo One Counterparty Credit Risk CVA Add-on is dependent on Algo One Counterparty Credit Risk Base.

IBM Algo One Counterparty Credit Risk Settlement Risk Add-on: This settlement risk module provides the capability to monitor settlement risk for those transactions where a timing mismatch exists between delivery and payment at transaction maturity. Settlement risk is calculated based on the notional amount of the transaction.

Algo One Counterparty Credit Risk Settlement Risk Add-on is dependent on Algo One Counterparty Credit Risk Base.

IBM Algo One Counterparty Credit Risk Limits and Excess Management Add-on: This limits and excess management module provides the capability to set and maintain limits across levels in the counterparty legal hierarchy. Limits can also be set and monitored on additional reporting dimensions including (but not limited to) industry, rating, country, and cross border risk. The system also supports temporary limit overrides and target limits. Excesses can be monitored against limit thresholds as well as trading policy violations. For example, if a certain desk is not permitted to enter into deals exceeding five years term to maturity, any deal submitted by that desk that exceeds five years term to maturity will be reported as a violation.

Algo One Counterparty Credit Risk Limits and Excess Management Add-on is dependent on Algo One Counterparty Credit Risk Base.

IBM Algo One Counterparty Credit Risk Real Time Add-on: This real-time module builds on the functionality of all the other modules by facilitating pre-deal decision support. This module provides the ability to simulate the impact of entering into a deal with a particular counterparty. It also provides the ability to calculate the incremental credit valuation adjustment for a deal thereby allowing the credit valuation adjustment charge to be included in the pricing of the deal. Once a deal is entered into with a counterparty, the counterparty credit risk measures are updated to reflect the impact of that deal.

Algo One Counterparty Credit Risk Real Time Add-on is dependent on Algo One Counterparty Credit Risk Base.

IBM Algo One Counterparty Credit Risk Workspace Add-on is a web-based Graphical User Interface (GUI) that enables you to maintain static credit data including counterparty profiles, counterparty netting hierarchies, Credit Support Annex parameters, counterparty limits, and trading policy restrictions.

This module includes an interface to monitor the current exposures and limit utilization for any counterparty. In addition, it provides the ability to report and manage limit violations (excesses). The excess monitoring interface provides drill down and filtering capability, allowing users to zero in on violations based on various criteria as well view the details of the offending deals.

The Counterparty Credit Risk workspace supports full audit and revision history, thus allowing clients to trace changes made to the system.

Algo One Counterparty Credit Risk Workspace Add-on is dependent on Algo One Counterparty Credit Risk Base.

IBM Algo One Counterparty Credit Risk Real Time API Add-on: The Counterparty Credit Risk Real Time Application Programming Interface (API) provides you with the ability to develop custom applications that tap into the rich functionality available in the Counterparty Credit Risk solution. For example, front office traders can extend their existing trading applications to include risk-based information in order to enhance trading strategies.

Algo One Counterparty Credit Risk Real Time API Add-on is dependent on Algo One Counterparty Credit Risk Real Time Add-on.

IBM Algo One Market Risk Base: This market risk base solution provides the capability to compute market risk measures (for example, VaR) using simulation methods such as historical or Monte Carlo methods or using a parametric approach on an end of day or intraday frequency. This solution also includes the capability to compute market risk sensitivities.

Algo One Market Risk Base is dependent on Algo One Foundation and Algo One Risk Application Explorer Add-on.

IBM Algo One Incremental Risk Charge Add-on provides the ability to measure specific risk and to determine capital requirements due to default and migration risks that are incremental to the risk captured in the bank's market risk model for the trading book.

Algo One Incremental Risk Charge Add-on is dependent on Algo One Market Risk Base and IBM Algo One Credit Derivative Models Add-on.

Algorithmics Balance Sheet Risk Management

Solution packaging

Algorithmics Balance Sheet Risk Management

IBM Algo One ALM Base

Asset liquidity management (ALM) is the process banks and financial institutions use to measure and manage the interest rate risk, liquidity risk, and structural currency risk that exists in core banking activities. Asset and liability committees are typically responsible for setting policies, strategies, and limits on those risk exposures. To this end, this base solution provides financial institutions with an assessment of cash flows, earnings, and market valuation associated with the financial products of the core banking activities through an extensive coverage of pricing models and scenario tools. Analytics such as interest rate and liquidity gap, net interest income, earnings at risk, and economic value of equity are calculated using a single, integrated analytical framework. This comprehensive process features a tailored risk data model capable of handling large volumes of data, a powerful and precise calculation engine which uses common cash flow generation, valuation models and a web-based reporting tool. A wide range of tools including deterministic and stochastic scenarios within static and dynamic strategies to measure, monitor, and manage the risks arising from maturity mismatch in the core banking activities are available. This mismatch can arise from optional features included in financial products such as prepayment and loan drawdown, from the volatility of the calibration parameters used to model products with non-contractual maturity, and from parameters used to calibrate the cash flow generation and pricing model of the financial products.

IBM Algo One ALM Base can help asset liquidity managers construct hedges capable of disentangling balance sheet risk trade-offs and providing a framework for addressing interest rates for Basel requirements.

IBM Algo One ALM Funds Transfer Pricing Add-on

Growth and profitability have always been important to financial institutions, and in global markets today, better analysis is crucial to realizing better results. IBM Algo One ALM Funds Transfer Pricing functionality delivers advanced funds transfer pricing analytics that allows organizations to allocate financial costs, based on specific risks such as interest rate risk, credit, liquidity, and optionality to their business lines and calculate the profitability of new and existing products. This add-on enables asset liquidity managers to measure and manage these funding costs and to allocate the net profit to the various business lines in a consistent manner.

IBM Algo One Liquidity Risk Base

This solution is designed to offer support for the revised guidelines for liquidity risk management by offering data granularity and large data volume handling that allows analysis of potential sources of liquidity risk on entity exposures. Accuracy of cash flow generation is achieved through instrument modeling.

This solution for liquidity risk management involves three types of analysis: funding liquidity risk, market liquidity risk, and their integration.

Funding liquidity risk involves granular cash flow analysis through risk analytics such as liquidity gap. Advanced tools available address behavioral assumptions such as runoff of deposits, prepayment of loans and mortgages, loan drawdowns, and optionality in credit facilities, which can either be predetermined or dynamically dependent on scenario conditions. Nonmaturity products are modeled using industry methods, such as replicating portfolio procedures.

Market liquidity risk offers the ability to perform analysis of the potential impact of market risk related factors on the liquidity situation, including liquid asset prices, liquidity of individual marketable instruments, and collateral obligations. Market factors available include exchange rates, haircuts, and credit ratings whose impact on the asset value is analyzed along with the potential liquidity that an institution can raise using these assets under a stress condition.

The integration of funding and market liquidity risk together with solution stress testing allows the setup of risk tolerance policies, risk limits, liquid asset buffers, counterbalancing capacity, and contingency plans, as well as survival horizons. Additionally, the liquidity risk base has the ability to dynamically simulate the evolution of the balance sheet and understand the potential resilience of an institution to adverse conditions. Dynamic assumptions must be considered in survival horizon analysis, including for instance the ability to roll over short-term funding transactions like deposits. Applying stress scenarios to simulated business assumptions allows a strong assessment of implications of business development on an overall institution condition under baseline and stress circumstances.

Algo One Liquidity Risk Base assists with Basel 3 liquidity risk requirements through reporting of the liquidity coverage ratio and net stable funding ratio, and required monitoring tools.

IBM Algo One Liquidity Risk Funds Transfer Pricing Add-on

Growth and profitability are important to financial institutions, and in global markets today, better analysis is crucial to realizing better results. This product helps provide the calculation of accounting earnings and an advanced funds transfer pricing implementation that allows organizations to allocate financial costs, based on specific risks such as interest rate risk, credit, liquidity, and optionality, to their business lines and calculate the profitability of new and existing products. The Funds Transfer Pricing Add-on provides support to measure the liquidity risk spread term structure and charging accordingly, for both contractual and behaviorally modeled instruments

IBM Algo One Liquidity Risk FSA UK Liquidity Reports Add-on

This solution helps financial institutions produce the UK Financial Services Authority (FSA) 047 and FSA 048 reports governed by Policy Statement 09/16 - Strengthening Liquidity Standards for the FSA regulatory authorities. This solution can evaluate positions, extract quantities representing cash and security flows, and assign the flow values to output cells defined by the regulatory returns through a comprehensive process. This solution uses predefined business rules to assign transactions to the FSA categories, calculates all required analytics, and fills in the templates for the FSA reports which are pre-configured and available for immediate online xml submission to the FSA.

Algorithmics Portfolio Construction and Risk Management

A robust, scalable analytic engine

Integrated, centralized analytics

Customizable web-based interface

Adaptable, collaborative decision support

Swift, cost-effective implementation

Solution packaging

Algorithmics Portfolio Construction and Risk Management

IBM Algo Foundation is required.

Algorithmics Economic Capital & Solvency II: Enterprise Edition

Offers support for Solvency II compliance

Supports better analysis and decision making

Facilitates solvency capital calculations from standard formula to partial internal models to full internal models

Offers sophisticated asset and liability modeling and scenario generation methods

Solution packaging

Algorithmics Economic Capital & Solvency II: Enterprise Edition

IBM Algo One Risk Application Explorer Add-on - The Risk Application Explorer is a browser-based, graphical and interactive interface that provides users with the ability to measure, monitor, allocate and manage portfolio risk on both an absolute and relative basis. Additionally, drill-through, slice and dice and what-if capabilities support risk-focused portfolio construction.

IBM Algo One BuySide Connect Add-on - The Buy-Side Connect Add-on is an API to the Risk Application Explorer that allows you to embed the IBM Algo One Risk Application Explorer's risk calculations within your applications.

IBM Algo One Optimization Add-on - The Optimization Add-on enables users to create risk and return optimized portfolios within the Risk Application Explorer. Portfolios can be enhanced on an absolute or relative basis and can take into consideration investment constraints (for example, no shorting, asset allocation constraints, duration limits) and trading constraints.

IBM Algo One ECAP/Solvency II Standard Formula Add-on - The Solvency II Standard Formula extends the Algo One Risk Explorer to include the Solvency II Standard Formula calculations.

IBM Algo One ECAP/Solvency II Capital Workflow Manager Add-on - The Capital Workflow Manager is a workflow and audit tool designed to manage insurers' economic capital and Solvency II modeling process. Tracking key data items and approval processes for key modeling decisions, the Capital Workflow Manager helps ensure reliable, validated, and reproducible risk and capital information that can be used in business decision-making.

Algorithmics Investment Design for Wealth Management: Enterprise Edition

Offers in-house deployment

Provides wealth managers with full control of modeling and financial engineering.

Offers advanced analytics for portfolio performance monitoring

Portfolio Performance Monitoring offers wealth managers the capability to monitor the risk and return profile of client portfolios, and enables exception reporting that deviates from the targeted profile, to enable swift rebalancing. This monitoring includes Value at Risk (VaR), but also extends beyond such standard measures to include more advanced analytics such as Monte Carlo multistep simulations.

Provides multiperiod simulation for building long-term investment portfolios

Multiperiod simulation provides simulation of risk and return profiles over time to support the building of consistent and optimal long-term investment portfolios. The built-in aggregation engine enables simulated data to be aggregated at a portfolio level, for example, providing market views for an overall client portfolio.

Provides simulated data feeds to strengthen relationships with clients

Simulated data feeds into proprietary or third-party financial planning systems enable the delivery of the output for compliance and reporting purposes. This strengthens the wealth manager's relationship with their clients as the whole financial planning infrastructure (data, risk analytics software, and outputs from their own financial planning systems) is private-labeled, so that all is seen from a client's perspective is the brand of their wealth manager.

Assures the confidentiality of business-critical information

Confidentiality of business-critical information is assured, as wealth managers do not need to disclose client-level data at any point in the process. Instead, simulated data sets cover instruments across all asset classes, requiring only the selection of instruments from the data matching the underlying structure of the specific investor portfolio.

Solution packaging

Algorithmics Investment Design for Wealth Management: Enterprise Edition

Base component: IBM Algo One Buy-Side Base

Add-ons

Algorithmics Capital Management

Regulatory Compliance - Supports Basel I, II (Internal Ratings-Based or Standardized), and III capital rules, allowing users to simultaneously calculate regulatory capital under multiple approaches and provides simple migration from reporting on one approach to another.

Enterprise coverage - Calculates regulatory capital measures across the enterprise (wholesale, retail, trading, and securitizations) and multiple regulatory jurisdictions under multiple regulatory discretions and automates the production of regulatory capital adequacy reports.

Advanced stress testing - Allows banks to probe the impact of the economic shocks on their portfolios at the bank level, as well as across risk categories, lines of business, asset classes, or legal entities.

Sophisticated analytics - Offers a unique mixed integer programming based mitigant optimizer, which reduces required regulatory capital level while taking into account eligible credit mitigation. The solution also features multiple approaches to the allocation of undrawn facility amounts and smart retail pooling algorithms. It also calculates economic capital measures under a number of frameworks including an extended Merton model, CreditRisk+ approach and a fully analytic approach. The global correlation model covers corporate and sovereign entities based on equity and credit default swap data.

State-of-art infrastructure - Allows drilling down to transaction level for auditability and transparency, and can reconcile data with the general ledger. A business-centric data management platform permits integration across multiple risk analytics solutions.

Capital and compliance - Facilitates consistent treatment across market, credit, and liquidity risks, provides a framework for future regulatory requirements, and helps support internal audit and supervisory review requirements through data transparency, financial model documentation, and traceable workflow process.

Portfolio management - Evaluate return and risk measures through the evolution of both market and credit risk factors simultaneously. Enhanced what-if analysis allows portfolio measures to be recalculated in a fraction of the simulation time needed for active management and predeal analysis. Web-based reporting allows slice and dice of risk measures across multiple aggregation criteria, such as industry, rating, product type, maturity band, stress test scenarios, and risk types.

Solution packaging

Algorithmics Capital Management

IBM Algo One Credit Regulatory Capital Base (requires IBM Algo One Foundation)

IBM Algo One Credit Regulatory Capital Base is a solution designed to help with Basel regulatory capital calculations and reporting covering the Basel regulatory capital approaches (Basel I, Basel II Standardized, Foundation and Advanced IRB, and Basel III) across portfolios and bank asset classes including retail, commercial, corporate, trading, and securitizations. The calculation engine can simultaneously calculate risk weighted asset and other measures required for reporting under multiple home or host multijurisdictional regulatory rules. Risk weight assets are calculated at the most granular transaction level and can be aggregated up to legal entity or business unit level or other aggregation keys. The Algo One Credit Regulatory Capital Base solution comes with preconfigured slice and dice management reports. IBM Algo One Risk Application Explorer Add-on is required.

IBM Algo One Credit Regulatory Capital Base is a prerequisite for each of the following:

IBM Algo One Credit Regulatory Capital Advanced Add-on helps to enable risk weighted assets and capital requirement calculations under Foundation and Advanced Internal Ratings-Based approaches verifying the ideal allocation of mitigants to the exposures of the bank to minimize the resultant risk weighted assets and capital requirements

IBM Algo One Credit Regulatory Capital Regulatory Reporting Add-on helps to enable generation of regulatory reports based on the rules of regulatory agencies, Federal Financial Institutions Examination Council (FFIEC) reports in the case of US Final rule.

IBM Algo One Credit Regulatory Capital Basel III Add-on changes the regulatory capital calculations in accordance with Basel III rules and introduces new measures (Standardized Credit Value Adjustment, Accounting Exposure for leverage ratio calculations).

IBM Algo One Credit Economic Capital Base requires:

Designed to help address portfolio credit risk and economic capital management for regulatory compliance, IBM Algo One Credit Economic Capital helps financial institutions make risk-aware decisions. Based on an integrated market and credit risk framework, this product helps banks conduct extensive stress testing analysis. A web-based front end allows for flexible slice and dice analysis as well as distributed reporting. IBM Algo One Risk Application Explorer Add-on is required.

IBM Algo One Credit Economic Capital provides broad functionality designed to calculate credit loss distributions and credit VaR by analyzing default, migration, and credit spread losses, as well as concentration risks across multiple portfolio dimensions, loss quantiles, and time horizons. A suite of risk measures are provided across name, sector, and portfolio levels including expected loss, unexpected loss, expected shortfall, and expected return. Survival probability is calculated to facilitate reverse stress testing.

Algo One Credit Economic Capital Base is a prerequisite for Algo One Credit Economic Capital Advanced Add-on.

IBM Algo One Credit Economic Capital Advanced Add-on adds full mark-to-market pricing and the integration of market and credit risks.

Accessibility by people with disabilities

A US Section 508 Voluntary Product Accessibility Template (VPAT) containing details on accessibility compliance can be requested at

http://www.ibm.com/able/product_accessibility/index.html


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Reference information
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For information about IBM Algo on-premise offerings, refer to Software Announcement 212-410, dated October 02, 2012 .

For information about IBM Algo cloud offerings, refer to Software Announcement 212-411, dated October 02, 2012 .



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Program number
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Program          Program
number    VRM    name
 
5725-H42  4.9.0  IBM Algo One


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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=U4319 52F76355G56


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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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Publications
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The following publications can be ordered after October 12, 2012. To order, use the Publications Center or contact your IBM representative.

         Title                                         Order number
 
Algorithmics Capital Management
 
IBM Algo One Credit Regulatory Capital Product Guide   YTB03050-USEN
IBM Algo One Credit Regulatory Capital                 YTB03044-USEN
 Standard Edition Overview
Credit Capital Management for Banks                    YTS03060-USEN
IBM Algo One Credit Economic Capital Product Guide     YTS03048-USEN
IBM Algo One Credit Economic Capital Standard Edition  YTS03052-USEN
IBM Algo One Credit Economic Capital Fact Sheet        YTS03057-USEN
 
Economic Capital and Solvency II
 
Economic Capital and Solvency II Solutions:            YTB03043-USEN
 Overview Brochure
Economic Capital and Solvency II Solution:             YTD03193-USEN
 Compliance and Reporting Edition
Economic Capital and Solvency II Solution:             YTD03191-USEN
 Enterprise Edition
Algo Audit & Compliance Fact Sheet                     YTD03196-USEN
Optimization in Algo Risk                              YTD03219-USEN
 
Actuarial and Financial Modeling
 
Algo Financial Modeler - How it Works                  YTD03202-USEN
Algo Financial Modeler - Standard code                 YTD03200-USEN
Algo Financial Modeler - ALM                           YTD03197-USEN
Algo Financial Modeler - Intro                         YTD03199-USEN
Algo Financial Modeler - Enterprise                    YTD03198-USEN
Algo Financial Modeler - Tech                          YTD03201-USEN
 
  
Risk Management and Portfolio Construction for Hedge Funds
 
Portfolio Construction and risk management for         YTB03042-USEN
 Hedge funds: Overview Brochure
Portfolio Construction and risk management for         YTD03186-USEN
 Hedge funds: Reporting Edition
Portfolio Construction and risk management for         YTD03215-USEN
 Hedge funds: Managed and Installed Editions
Hedge Funds reveal their hot risk topics and           YTD03206-USEN
 challenges
 
Risk Management & Portfolio Construction for AssetServicers
 
Portfolio Construction and Risk Management for Asset   YTD03220-USEN
 Servicers - Standard Edition YTD03220-USEN
 
Investment Design for Wealth Managers
 
Investment Design for wealth managers                  YTB03055-USEN
Collateral Management for the Buy Side: Emerging       YTW03226-USEN
 challenges and best practices in a changing
 regulatory environment
Algo Managed Data Services                             YTD03208-USEN

The IBM Publications Center

http://www.ibm.com/shop/publications/order

The Publications Center is a worldwide central repository for IBM product publications and marketing material with a catalog of 70,000 items. Extensive search facilities are provided. Payment options for orders are via credit card (in the US) or customer number for 20 countries. A large number of publications are available online in various file formats, and they can all be downloaded by all countries, free of charge.



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Technical information
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Specified operating environment

Hardware and software requirements
Algo Core platform support

Hardware requirements

Software requirements

Red Hat Enterprise Linux

Solaris

Software requirements

AIX

Software requirements

Windows

Software requirements

IBM Algorithmics Integrated Market and Credit Risk components

Software requirements

Red Hat Linux

Solaris

Software requirements

IBM Algorithmics Economic Capital & Solvency II Enterprise Edition

IBM Algo One ECAP/Solvency II Capital Workflow Manager Add-on

Software requirements

Algo Risk Application

Software requirements

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

Installability

Software Subscription and Support (also referred to as Software Maintenance) is included with licenses purchased through Passport Advantage and Passport Advantage Express® . Product upgrades and technical support are provided by the Software Subscription and Support (Software Maintenance) offering as described in the Agreements. Product upgrades provide the latest versions and releases to entitled software, and technical support provides access to IBM support organizations, worldwide.

IBM includes one year of Software Subscription and Support (also referred to as Software Maintenance) with each program license acquired. The initial period of Software Subscription and Support (Software Maintenance) can be extended by the purchase of a renewal option, if available.

Packaging

The following media packs are available.

This program, when downloaded from a website, contains the applicable IBM license agreement and License Information, if appropriate, and will be presented for acceptance at the time of installation of the program. For future reference, the license and License Information will be stored in a directory such as LICENSE.TXT.



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

 
Product group: Algo
  Product Identifier Description (PID)
  IBM Algo One                   5725-H42
 
Product category: Customer solutions
Charge metric
 
Program name             PID number  Charge metric

IBM Algo One             5724-H42    Virtual server
                                      Authorized user
                                      Per Value unit
                                      Currency Value unit
                                      Resource Value unit
 

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 accessing 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.

Resource Value Unit (RVU)

RVU is a unit of measure by which the program can be licensed. RVU Proofs of Entitlement are based on the number of units of a specific resource used or managed by the program. Licensee must obtain sufficient entitlements for the number of RVUs required for licensee's environment for the specific resources as specified in the program specific table. RVU entitlements are specific to the program and the type of resource and may not be exchanged, interchanged, or aggregated with RVU entitlements of another program or resource. Refer to the program specific RVU table.

Notes

Virtual server Virtual Server is a unit of measure by which the program can be licensed. A server is a physical computer that is comprised of processing units, memory, and input/output capabilities and that executes requested procedures, commands, or applications for one or more users or client devices. Where racks, blade enclosures, or other similar equipment is being employed, each separable physical device (for example, a blade or a rack-mounted device) that has the required components is considered itself a separate server. A virtual server is either a virtual computer created by partitioning the resources available to a physical server or an unpartitioned physical server. Licensee must obtain Virtual Server entitlements for each virtual server made available to the Program, regardless of the number of processor cores in the virtual server or the number of copies of the Program on the virtual server.

Currency Value Unit (CVU)

CVU is a unit of measure by which the program can be licensed. A conversion unit (CU) is a currency independent measure of monetary amounts relevant to the licensing of the program. Currency specific monetary amounts must be converted into CUs in accordance with the table located at

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

The CUs are then divided by the designated measure of the program to obtain the resulting units for which licensee must obtain sufficient CVU entitlements, as specified in the table below. CVU entitlements are specific to the program and may not be exchanged, interchanged, or aggregated with CVU entitlements of another program.

From 1 to 2 CU, 1.00 CVUs per CU
From 3 to 5 CUs, 2 CVUs plus 0.90 CVUs per CU above 2
From 6 to 10 CUs, 4.7 CVUs plus 0.80 CVUs per CU above 5
From 11 to 20 CUs, 8.7 CVUs plus 0.70 CVUs per CU above 10
From 21 to 35 CUs, 15.7 CVUs plus 0.60 CVUs per CU above 20
From 36 to 50 CUs, 24.7 CVUs plus 0.45 CVUs per CU above 35
For more than 50 CUs, 31.45 CVUs plus 0.30 CVUs per CU above 50

Currency Value Unit pricing metric for these programs is:

The Monetary Amount is the maximum amount of balance sheet assets processed or managed by the program at any time. The designated measure is one hundred billion (10 to the 11th power) CUs.

IBM Algo One Liquidity Risk Base
IBM Algo One Liquidity Risk Funds Transfer Pricing Add-on
IBM Algo One Liquidity Risk FSA UK Liquidity Reports Add-On
IBM Algo One ALM Base
IBM Algo One ALM Funds Transfer Pricing Add-on
IBM Algo One Buy Side Base
IBM Algo One Credit Economic Capital Base
IBM Algo One Credit Economic Capital Advanced Add-On
IBM Algo One Credit Regulatory Capital Base
IBM Algo One Credit Regulatory Capital Advanced Add-on
IBM Algo One Credit Regulatory Capital Basel III Add-on
IBM Algo One Credit Regulatory Capital Regulatory Reporting Add-on

IBM Algo One Buy Side Base uses the Currency Value Unit pricing metric:

The Monetary Amount is the maximum amount of assets under management processed or managed by the program at any time. The designated measure is one hundred billion (10 to the 11th power) CUs.

IBM Algo One ECAP/Solvency II Base and IBM Algo One ECAP/Solvency II Standard Formula Add-on use the Currency Value Unit pricing metric:

The Monetary Amount is the maximum amount of assets under management processed or managed by the program at any time. The designated measure is ten billion (10 to the 10th power) CUs.

Resource Value Unit - Applicable to IBM Algo One

The Resources for the purpose of RVU calculation are Documents. A Document is defined as a finite volume of data that is enveloped within a document header and trailer record that marks its beginning and end or any, physical or electronic document as defined in the Program, including but not limited to: invoices, sales orders, purchase orders, quotes, schedules, plans, returns, shipments, receipts, and financial instruments.

Resource Value Unit Conversion Table

From 1,000 to 10,000 Resources, 1.00 RVU per Resource
From 10,001 to 50,000 Resources, 10,000 RVUs plus 0.87 RVUs per Resource above 10,000
From 50,001 to 100,000 Resources, 44,800 RVUs plus 0.60 RVUs per Resource above 50,000
From 100,001 to 500,000 Resources, 74,800 RVUs plus 0.43 RVUs per Resource above 100,000
From 500,001 to 1,000,000 Resources, 246,800 RVUs plus 0.30 RVUs per Resource above 500,000
For more than 1,000,000 Resources, 396,800 RVUs plus 0.24 RVUs per Resource above 1,000,000

Processor Value unit - Applicable to IBM Algo One

Processor Value Unit (PVU) is a unit of measure by which the program can be licensed. The number of PVU entitlements required is based on the processor technology (defined within the PVU Table by processor vendor, Brand, Type and Model Number at

http://www.ibm.com/software/lotus/passportadvantage/pvu_licensing_for_customers.html

The PVU entitlement is determined by the processor technology and the number of processors made available to the program. IBM continues to define a processor, for the purpose of PVU-based licensing, to be each processor core on a chip. A dual-core processor chip, for example, has two processor cores.

Licensee can deploy the Program using either Full Capacity licensing or Virtualization Capacity (Sub-Capacity) licensing according to the Passport Advantage Sub-Capacity Licensing Terms (see web page below). If using Full Capacity licensing, Licensee must obtain PVU entitlements sufficient to cover all activated processor cores* in the physical hardware environment made available to or managed by the Program, except for those servers from which the Program has been permanently removed. If using Virtualization Capacity licensing, Licensee must obtain entitlements sufficient to cover all activated processor cores made available to or managed by the Program, as defined according to the Virtualization Capacity License Counting Rules at

http://www.ibm.com/software/lotus/passportadvantage/Counting_Software_licenses_using_sp ecific_virtualization_technologies.html

Passport Advantage

IBM Algo One

                                                                  Part
Program name/Description                                          number
 
IBM Algo One components
 
Algo One Risk Aggregator per Virtual server
 - License and Subscription & Support 12 Mo                       D0UM1LL
 - Subscription & Support Renewal 12 Mo                           E0EZ0LL
 - Subscription & Support Reinstatement 12 Mo                     D0UM2LL
 
Algo One Risk Aggregator for Non-Production Environment
  per Virtual server
 - License and Subscription & Support 12 Mo                       D0UNRLL
 - Subscription & Support Renewal 12 Mo                           E0EZVLL
 - Subscription & Support Reinstatement 12 Mo                     D0UNSLL
 
Algo One Risk and Financial Engineering Workbench
  per Authorized user
 - License and Subscription & Support 12 Mo                       D0ULXLL
 - Subscription & Support Renewal 12 Mo                           E0EYYLL
 - Subscription & Support Reinstatement 12 Mo                     D0ULYLL
 
Algo One Foundation per Value Unit
 - License and Subscription & Support 12 Mo                       D0ULVLL
 - Subscription & Support Renewal 12 Mo                           E0EYXLL
 - Subscription & Support Reinstatement 12 Mo                     D0ULWLL
 
Algo One Foundation for Non-Production Environment
  Per Value unit
 - License and Subscription & Support 12 Mo                       D0ULTLL
 - Subscription & Support Renewal 12 Mo                           E0EYWLL
 - Subscription & Support Reinstatement 12 Mo                     D0ULULL
 
Algo One Foundation Risk and Financial Engineering
  Workbench Add-on per Authorized user
 - License and Subscription & Support 12 Mo                       D0ULPLL
 - Subscription & Support Renewal 12 Mo                           E0EYULL
 - Subscription & Support Reinstatement 12 Mo                     D0ULQLL
 
Algo One Foundation Sobol Option Add-on
  Per Virtual server
 - License and Subscription & Support 12 Mo                       D0UM3LL
 - Subscription & Support Renewal 12 Mo                           E0EZ1LL
 - Subscription & Support Reinstatement 12 Mo                     D0UM4LL
 
Algo One Foundation Sobol Option Add-on
  for non production environment per Virtual server
 - License and Subscription & Support 12 Mo                       D0ULMLL
 - Subscription & Support Renewal 12 Mo                           E0EYTLL
 - Subscription & Support Reinstatement 12 Mo                     D0ULNLL
  
Algo One Liquidity Risk Base per Currency Value unit
 - License and Subscription & Support 12 Mo                       D0ULKLL
 - Subscription & Support Renewal 12 Mo                           E0EYSLL
 - Subscription & Support Reinstatement 12 Mo                     D0ULLLL
 
Algo One Liquidity Risk Funds Transfer Pricing Add-on
  per Currency Value unit
 - License and Subscription & Support 12 Mo                       D0ULELL
 - Subscription & Support Renewal 12 Mo                           E0EYPLL
 - Subscription & Support Reinstatement 12 Mo                     D0ULFLL
 
Algo One Liquidity Risk FSA UK Liquidity Reports Add-on
  per Currency Value unit
 - License and Subscription & Support 12 Mo                       D0ULGLL
 - Subscription & Support Renewal 12 Mo                           E0EYQLL
 - Subscription & Support Reinstatement 12 Mo                     D0ULHLL
 
Algo One ALM Base per Currency Value unit
 - License and Subscription & Support 12 Mo                       D0ULILL
 - Subscription & Support Renewal 12 Mo                           E0EYRLL
 - Subscription & Support Reinstatement 12 Mo                     D0ULJLL
 
Algo One ALM Funds Transfer Pricing Add-on
  per Currency Value unit
 - License and Subscription & Support 12 Mo                       D0ULRLL
 - Subscription & Support Renewal 12 Mo                           E0EYVLL
 - Subscription & Support Reinstatement 12 Mo                     D0ULSLL
 
Algo One Market Risk Base per Resource Value unit
 - License and Subscription & Support 12 Mo                       D0UM5LL
 - Subscription & Support Renewal 12 Mo                           E0EZ2LL
 - Subscription & Support Reinstatement 12 Mo                     D0UM6LL
 
Algo One Risk App Explorer Add-on
  Per Authorized user
 - License and Subscription & Support 12 Mo                       D0UM7LL
 - Subscription & Support Renewal 12 Mo                           E0EZ3LL
 - Subscription & Support Reinstatement 12 Mo                     D0UM8LL
 
Algo One Market Risk Incremental Risk Charge Add-on
  per Resource Value unit
 - License and Subscription & Support 12 Mo                       D0UM9LL
 - Subscription & Support Renewal 12 Mo                           E0EZ4LL
 - Subscription & Support Reinstatement 12 Mo                     D0UMALL
 
Algo One CCR Base per Resource Value unit
 - License and Subscription & Support 12 Mo                       D0UN2LL
 - Subscription & Support Renewal 12 Mo                           E0EZILL
 - Subscription & Support Reinstatement 12 Mo                     D0UN3LL
 
Algo One CCR CVA Add-on
  per Resource Value unit
 - License and Subscription & Support 12 Mo                       D0UN4LL
 - Subscription & Support Renewal 12 Mo                           E0EZJLL
 - Subscription & Support Reinstatement 12 Mo                     D0UN5LL
 
Algo One CCR Limits and Excess Management Add-on
  per Resource Value unit
 - License and Subscription & Support 12 Mo                       D0UN6LL
 - Subscription & Support Renewal 12 Mo                           E0EZKLL
 - Subscription & Support Reinstatement 12 Mo                     D0UN7LL
 
Algo One CCR Real Time Add-on
  per Resource Value unit
 - License and Subscription & Support 12 Mo                       D0UN8LL
 - Subscription & Support Renewal 12 Mo                           E0EZLLL
 - Subscription & Support Reinstatement 12 Mo                     D0UN9LL
 
Algo One CCR Settlement Risk Add-on
  per Virtual Server
 - License and Subscription & Support 12 Mo                       D0UNCLL
 - Subscription & Support Renewal 12 Mo                           E0EZNLL
 - Subscription & Support Reinstatement 12 Mo                     D0UNDLL
 
Algo One CCR Settlement Risk Add-on
  for non-production environments per Virtual server
 - License and Subscription & Support 12 Mo                       D0UNMLL
 - Subscription & Support Renewal 12 Mo                           E0EZTLL
 - Subscription & Support Reinstatement 12 Mo                     D0UNNLL
 
Algo One CCR Real Time API Add-on
  per Virtual server
 - License and Subscription & Support 12 Mo                       D0UNELL
 - Subscription & Support Renewal 12 Mo                           E0EZPLL
 - Subscription & Support Reinstatement 12 Mo                     D0UNFLL

Algo One Credit Risk Real Time API
  for Non-Production Environment per Virtual server
 - License and Subscription & Support 12 Mo                       D0UNGLL
 - Subscription & Support Renewal 12 Mo                           E0EZQLL
 - Subscription & Support Reinstatement 12 Mo                     D0UNHLL
 
Algo One CCR Workspace Add-on
  per Authorized user
 - License and Subscription & Support 12 Mo                       D0UNILL
 - Subscription & Support Renewal 12 Mo                           E0EZRLL
 - Subscription & Support Reinstatement 12 Mo                     D0UNJLL
 
Algo One BuySide Base per Currency Value unit
 - License and Subscription & Support 12 Mo                       D0UNKLL
 - Subscription & Support Renewal 12 Mo                           E0EZSLL
 - Subscription & Support Reinstatement 12 Mo                     D0UNLLL
 
Algo One Buy Side Optimization Add-on
  per Authorized user
 - License and Subscription & Support 12 Mo                       D0UN0LL
 - Subscription & Support Renewal 12 Mo                           E0EZHLL
 - Subscription & Support Reinstatement 12 Mo                     D0UN1LL
 
Algo One ECAP and Solvency II Base
  per Currency Value unit
 - License and Subscription & Support 12 Mo                       D0UMULL
 - Subscription & Support Renewal 12 Mo                           E0EZELL
 - Subscription & Support Reinstatement 12 Mo                     D0UMVLL
 
Algo One ECAP and Solvency II CWM Add-on
  per Authorized user
 - License and Subscription & Support 12 Mo                       D0UMBLL
 - Subscription & Support Renewal 12 Mo                           E0EZ5LL
 - Subscription & Support Reinstatement 12 Mo                     D0UMCLL
 
Algo One ECAP/Solvency II Std Formula Add-on
  per Currency Value unit
 - License and Subscription & Support 12 Mo                       D0UMLLL
 - Subscription & Support Renewal 12 Mo                           E0EZALL
 - Subscription & Support Reinstatement 12 Mo                     D0UMMLL
 
Algo One Buy Side Connect Add-on
  per Virtual server
 - License and Subscription & Support 12 Mo                       D0UMYLL
 - Subscription & Support Renewal 12 Mo                           E0EZGLL
 - Subscription & Support Reinstatement 12 Mo                     D0UMZLL
 
Algo One Buy Side Connect AO NP Env VS LIC + SW S&S 12 MO
  per Virtual server
 - License and Subscription & Support 12 Mo                       D0UMWLL
 - Subscription & Support Renewal 12 Mo                           E0EZFLL
 - Subscription & Support Reinstatement 12 Mo                     D0UMXLL
 
Algo One ECAP and Solvency II Connect Add-on
  per Virtual server
 - License and Subscription & Support 12 Mo                       D0UMFLL
 - Subscription & Support Renewal 12 Mo                           E0EZ7LL
 - Subscription & Support Reinstatement 12 Mo                     D0UMGLL
  
Algo One ECAP and Solvency II Connect Add-on
  for non production environment per Virtual server
 - License and Subscription & Support 12 Mo                       D0UMJLL
 - Subscription & Support Renewal 12 Mo                           E0EZ9LL
 - Subscription & Support Reinstatement 12 Mo                     D0UMKLL
 
Algo One Developer Add-on per Authorized user
 - License and Subscription & Support 12 Mo                       D0UP9LL
 - Subscription & Support Renewal 12 Mo                           E0F04LL
 - Subscription & Support Reinstatement 12 Mo                     D0UPALL

Algo One Stochastic Pricing Models Add-on per Virtual server
 - License and Subscription & Support 12 Mo                       D0UNTLL
 - Subscription & Support Renewal 12 Mo                           E0EZWLL
 - Subscription & Support Reinstatement 12 Mo                     D0UNULL
 
Algo One Stochastic Pricing Models Add-on
  for non production environment per Virtual server
 - License and Subscription & Support 12 Mo                       D0UQXLL
 - Subscription & Support Renewal 12 Mo                           E0F0YLL
 - Subscription & Support Reinstatement 12 Mo                     D0UQYLL
 
Algo One Commodity Models Add-on per Virtual server
 - License and Subscription & Support 12 Mo                       D0UR1LL
 - Subscription & Support Renewal 12 Mo                           E0F10LL
 - Subscription & Support Reinstatement 12 Mo                     D0UR2LL
 
Algo One Commodity Models Add-on
  for non production environment per Virtual server
 - License and Subscription & Support 12 Mo                       D0UQTLL
 - Subscription & Support Renewal 12 Mo                           E0F0WLL
 - Subscription & Support Reinstatement 12 Mo                     D0UQULL
 
Algo One Credit Derivative Models Add-on per Virtual server
 - License and Subscription & Support 12 Mo                       D0UQZLL
 - Subscription & Support Renewal 12 Mo                           E0F0ZLL
 - Subscription & Support Reinstatement 12 Mo                     D0UR0LL
 
Algo One Credit Derivative Models Add-on
  for non production environment per Virtual server
 - License and Subscription & Support 12 Mo                       D0UR3LL
 - Subscription & Support Renewal 12 Mo                           E0F11LL
 - Subscription & Support Reinstatement 12 Mo                     D0UR4LL
 
Algo One Variable Annuity Models Add-on per Virtual server
 - License and Subscription & Support 12 Mo                       D0UPNLL
 - Subscription & Support Renewal 12 Mo                           E0F0BLL
 - Subscription & Support Reinstatement 12 Mo                     D0UPPLL
 
Algo One Variable Annuity Models Add-on
  for non production environment per Virtual server
 - License and Subscription & Support 12 Mo                       D0UPHLL
 - Subscription & Support Renewal 12 Mo                           E0F08LL
 - Subscription & Support Reinstatement 12 Mo                     D0UPILL
 
Algo One MBS/ABS Add-on per Virtual server
 - License and Subscription & Support 12 Mo                       D0UPFLL
 - Subscription & Support Renewal 12 Mo                           E0F07LL
 - Subscription & Support Reinstatement 12 Mo                     D0UPGLL
 
Algo One MBS/ABS Add-on
  for non production environment per Virtual server
 - License and Subscription & Support 12 Mo                       D0UPBLL
 - Subscription & Support Renewal 12 Mo                           E0F05LL
 - Subscription & Support Reinstatement 12 Mo                     D0UPCLL
 
Algo One Dynamic Strategies Add-on per Virtual server
 - License and Subscription & Support 12 Mo                       D0UQPLL
 - Subscription & Support Renewal 12 Mo                           E0F0ULL
 - Subscription & Support Reinstatement 12 Mo                     D0UQQLL
  
Algo One Dynamic Strategies Add-on
  for non production environment per Virtual server
 - License and Subscription & Support 12 Mo                       D0UP7LL
 - Subscription & Support Renewal 12 Mo                           E0F03LL
 - Subscription & Support Reinstatement 12 Mo                     D0UP8LL
 
Algo One Credit Economic Capital Base per Currency Value unit
 - License and Subscription & Support 12 Mo                       D0UMNLL
 - Subscription & Support Renewal 12 Mo                           E0EZBLL
 - Subscription & Support Reinstatement 12 Mo                     D0UMPLL

Algo One Credit Economic Capital Adv Add-on
  per Currency Value unit
 - License and Subscription & Support 12 Mo                       D0UMQLL
 - Subscription & Support Renewal 12 Mo                           E0EZCLL
 - Subscription & Support Reinstatement 12 Mo                     D0UMRLL
 
Algo One Credit Reg Cap Base per Currency Value unit
 - License and Subscription & Support 12 Mo                       D0UMSLL
 - Subscription & Support Renewal 12 Mo                           E0EZDLL
 - Subscription & Support Reinstatement 12 Mo                     D0UMTLL
 
Algo One Credit Reg Cap Adv Add-on per Currency Value unit
 - License and Subscription & Support 12 Mo                       D0UQRLL
 - Subscription & Support Renewal 12 Mo                           E0F0VLL
 - Subscription & Support Reinstatement 12 Mo                     D0UQSLL
 
Algo One Credit Reg Cap Basel III Add-on per Currency Value unit
 - License and Subscription & Support 12 Mo                       D0UMHLL
 - Subscription & Support Renewal 12 Mo                           E0EZ8LL
 - Subscription & Support Reinstatement 12 Mo                     D0UMILL
 
Algo One Service Bureau Data per Authorized user
 - License and Subscription & Support 12 Mo                       D0UMDLL
 - Subscription & Support Renewal 12 Mo                           E0EZ6LL
 - Subscription & Support Reinstatement 12 Mo                     D0UMELL
 
Algo One Service Bureau Reports per Authorized user
 - License and Subscription & Support 12 Mo                       D0UNALL
 - Subscription & Support Renewal 12 Mo                           E0EZMLL
 - Subscription & Support Reinstatement 12 Mo                     D0UNBLL
 
Algo One Service Bureau Portal per Authorized user
 - License and Subscription & Support 12 Mo                       D0UNPLL
 - Subscription & Support Renewal 12 Mo                           E0EZULL
 - Subscription & Support Reinstatement 12 Mo                     D0UNQLL
 
Algo One Credit Regulatory Capital Regulatory Reporting
  Add-on per Currency Value unit
 - License and Subscription & Support 12 Mo                       D0UZ6LL
 - Subscription & Support Renewal 12 Mo                           E0F2ILL
 - Subscription & Support Reinstatement 12 Mo                     D0UZ7LL

Media packs

Passport Advantage customer: Media pack entitlement details

Customers with active maintenance or subscription for the products listed are entitled to receive the corresponding media pack.

 
Media packs                                                       Part
description                                                       number
 
IBM Algo One Risk Aggregator V4.9                                 B500NEN
IBM Algo One Risk and Financial Engineering Workbench V4.9        B500PEN
IBM Algo One Foundation V4.9                                      B500QEN
IBM Algo One Foundation Risk and Financial Engineering            B500REN
  Workbench Explorer Add-on V4.9
IBM Algo One Foundation Sobol Option Add-on V4.9                  B500SEN
IBM Algo One Liquidity Risk Base V4.9                             B500UEN
IBM Algo One Liquidity Risk Funds Transfer Pricing                B500VEN
  Add-on V4.9
IBM Algo One Liquidity Risk FSA UK Liquidity Reports              B500WEN
  Add-on V4.9
IBM Algo One Mortgage Backed Securities/Asset Based               B501QEN
  Securities Add-on 4.9
IBM Algo One ALM Base V4.9                                        B500XEN
IBM Algo One ALM Funds Transfer Pricing Add-on V4.9               B500YEN
IBM Algo One Market Risk Base V4.9                                B500ZEN
IBM Algo One Risk Application Explorer Add-on V4.9                B5010EN
IBM Algo One Market Risk Incremental Risk Charge                  B5011EN
  Add-on V4.9
IBM Algo One Counterparty Credit Risk Base V4.9                   B5012EN
IBM Algo One Counterparty Credit Risk CVA Add-on V4.9             B5013EN
IBM Algo One Counterparty Credit Risk V4.9                        B5016EN
IBM Algo One Buy Side Base V4.9                                   B5017EN
IBM Algo One Buy Side Connect Add-on 4.9                          B5019EN
IBM Algo One Buy Side Optimization Add-on 4.9                     B5018EN
IBM Algo One Commodity Models Add-on 4.9                          B501MEN
IBM Algo One Credit Derivative Models Add-on 4.9                  B501NEN
IBM Algo One Credit Economic Capital Advanced Add-On 4.9          B501FEN
IBM Algo One Credit Economic Capital Base 4.9                     B501EEN
IBM Algo One Credit Regulatory Capital Advanced Add-on 4.9        B501HEN
IBM Algo One Credit Regulatory Capital Base 4.9                   B501GEN
IBM Algo One Credit Regulatory Capital Basel III                  B501IEN
  Add-on 4.9
IBM Algo One Credit Regulatory Capital Regulatory                 B501UEN
  Reporting Add-on 4.9
IBM Algo One Developer Add-on 4.9                                 B501KEN
IBM Algo One Dynamic Strategies Add-on 4.9                        B501TEN
IBM Algo One ECAP/Solvency II Base 4.9                            B501AEN
IBM Algo One ECAP/Solvency II Capital Workflow                    B501BEN
  Manager Add-on 4.9
IBM Algo One ECAP/Solvency II Connect Add-on 4.9                  B501CEN
IBM Algo One ECAP/Solvency II Standard Formula Add-On 4.9         B501DEN
IBM Algo One Stochastic Pricing Models Add-on 4.9                 B501LEN
IBM Algo One Variable Annuity Models Add-on 4.9                   B501PEN


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Top rule
Terms and conditions
Bottom rule

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 Program License Agreement, IBM International Passport Advantage Agreement, and the IBM Agreement for Acquisition of Software Maintenance.

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

Licensing

IBM International Program License Agreement including the License Information document and Proof of Entitlement (PoE) govern your use of the program. PoEs are required for all authorized use. Part number products only, offered outside of Passport Advantage , where applicable, are license only and do not include Software Maintenance.

This software license includes Software Subscription and Support (also referred to as Software Maintenance).

These programs are licensed under the IBM Program License Agreement (IPLA) and the associated Agreement for Acquisition of Software Maintenance, which provide for support with ongoing access to releases and versions of the program. IBM includes one year of Software Subscription and Support (also referred to as Software Maintenance) with the initial license acquisition of each program acquired. The initial period of Software Subscription and Support (also referred to as Software Maintenance) can be extended by the purchase of a renewal option, if available. These programs have a one-time license charge for use of the program and an annual renewable charge for the enhanced support that includes technical assistance, as well as access to updates, releases, and versions of the program as long as support is in effect.

License Information form number

L-JCOS-8WJMMK IBM Algo One

The program's License Information will be available for review on the IBM Software License Agreement website

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

Yes

Limited warranty

IBM warrants that when the program is used in the specified operating environment, it will conform to its specifications. The warranty applies only to the unmodified portion of the program. IBM does not warrant uninterrupted or error-free operation of the program or that IBM will correct all program defects. You are responsible for the results obtained from the use of the program.

IBM provides you with access to IBM databases containing information on known program defects, defect corrections, restrictions, and bypasses at no additional charge. For further information, consult the IBM Software Support Handbook found at

http://www.ibm.com/support/handbook

IBM will maintain this information for at least one year after the original licensee acquires the program (warranty period).

Program technical support

Technical support of a program product version or release will be available for a minimum of three years from the general availability date, as long as your Software Subscription and Support (also referred to as Software Maintenance) is in effect. This technical support allows you to obtain assistance (via telephone or electronic means) from IBM for product-specific, task-oriented questions regarding the installation and operation of the program product. Software Subscription and Support (Software Maintenance) also provides you with access to updates (modifications or fixes), releases, and versions of the program. You will be notified, via announcement letter, of discontinuance of support with 12 months' notice. If you require additional technical support from IBM , including an extension of support beyond the discontinuance date, contact your IBM representative or IBM Business Partner. This extension may be available for a fee.

Money-back guarantee

If for any reason you are dissatisfied with the program and you are the original licensee, you may obtain a refund of the amount you paid for it, if within 30 days of your invoice date you return the program and its PoE to the party from whom you obtained it. If you downloaded the program, you may contact the party from whom you acquired it for instructions on how to obtain the refund.

For clarification, note that (1) for programs acquired under the IBM International Passport Advantage offering, this term applies only to your first acquisition of the program and (2) for programs acquired under any of IBM's On/Off Capacity on Demand (On/Off CoD) software offerings, this term does not apply since these offerings apply to programs already acquired and in use by you.

Volume orders (IVO)

No

Passport Advantage applies

Yes, and through the Passport Advantage website at

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

Yes

For additional information, refer to the License Information document that is available on the IBM Software License Agreement website

http://www.ibm.com/software/sla/sladb.nsf
Software Subscription and Support applies

Yes. Software Subscription and Support (also referred to as Software Maintenance) is included with licenses purchased through Passport Advantage and Passport Advantage Express . Product upgrades and Technical Support are provided by the Software Subscription and Support offering as described in the Agreements. Product upgrades provide the latest versions and releases to entitled software and Technical Support provides access to IBM support organizations, worldwide.

IBM includes one year of Software Subscription and Support with each program license acquired. The initial period of Software Subscription and Support can be extended by the purchase of a renewal option, if available.

While your Software Subscription and Support is in effect, IBM provides you assistance for your routine, short duration installation and usage (how-to) questions, and code-related questions. IBM provides assistance via telephone and, if available, electronic access, only to your information systems (IS) technical support personnel during the normal business hours (published prime shift hours) of your IBM support center. (This assistance is not available to your end users.) IBM provides Severity 1 assistance 24 hours a day, 7 days a week. For additional details, consult your IBM Software Support Handbook at

http://www.ibm.com/support/handbook

Software Subscription and Support does not include assistance for the design and development of applications, your use of programs in other than their specified operating environment, or failures caused by products for which IBM is not responsible under the applicable agreements.

For additional information about the International Passport Advantage Agreement and the IBM International Passport Advantage Express Agreement, visit the Passport Advantage website at

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

Passport Advantage

System i Software Maintenance applies

No

Variable charges apply

No

Educational allowance available

Not applicable.



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Top rule
Statement of good security practices
Bottom rule

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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Top rule
Prices
Bottom rule

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

For current prices, contact your IBM representative.

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, offers 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

Symphony is a trademark of IBM Corporation in the United States, other countries, or both.

IBM, Passport Advantage, AIX, System p, POWER, DB2, WebSphere and Express are registered trademarks of IBM Corporation in the United States, other countries, or both.

Linux is a registered trademark of Linus Torvalds in the United States, other countries, or both.

Intel is a trademark of Intel Corporation or its subsidiaries in the United States and other countries.

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/