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IBM Algo: On-premise risk management solutions

IBM United States Software Announcement 212-410
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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IBM® Algo industry solutions available:



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Overview
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Algorithmics is a provider of financial risk management solutions, including solutions for market, credit, operational, collateral, capital, and liquidity risk management. Algorithmic risk analytics capabilities provide you with extensive financial risk expertise. Algorithmics focus on credit and market risk, and its strong footprint in insurance and key operational risk customers, strengthen and expand the depth and breadth of risk advisory and consulting services including:

IBM Algo Financial Modeler is a model development environment used by a global client base that allows actuaries to build life insurance models to perform different calculations, and is most commonly used for product pricing and design, budgeting, production of management information, statutory valuation, market consistent embedded value valuations, International Financial Reporting Standards (IFRS), asset and liability modeling, economic capital, and Solvency II calculations on a single platform with a common set of code. The advanced design of Algo Financial Modeler specifically addresses the need for more real-world and complex modeling in life insurance, helping users to more easily face the challenges of Solvency II and other risk-based regimes is a less daunting prospect.

Algo Financial Modeler features include:

IBM Algo Audit and Compliance is a workflow, governance, and process control application designed to support efficient business analytics and reporting in financial services firms. It is used to orchestrate risk and finance processes, roles, and existing IT infrastructure, bringing control and efficiency to data gathering, validation, and processing. This results in more timely, auditable, repeatable, and reliable reports and decision intelligence, based on verified data and approved expert opinion.

Algo Audit and Compliance has built-in integration with Algo Financial Modeler to help support insurance Solvency II Standard Formula reporting and compliance. This security-rich and auditable web-based system supports regulatory compliance with Pillar 2 and Pillar 3 of Solvency II by offering insurers the cost-effective capability to integrate and control information from their existing infrastructures. By efficiently streamlining workflow, Algo Audit and Compliance reduces reporting time and allows insurers to focus on risk analysis and their primary business activities.

IBM Algo Collateral provides an enterprise-wide margining solution dedicated to reducing operational risk and mitigating credit risk. It supports the management of the key tasks associated with collateral management for the trading book. These include legal agreement management, margin call calculation and processing, collateral payments, interest payments, and reporting. In addition to providing credit risk management, it also delivers reduced operational risk through adoption of key market practice methodology. Using workflows, users are able to manage multiple tasks in a controlled manner while following standardized procedures. The system helps support growing business volumes for both increased agreements and margin calls without potential increase in headcount or risk.

The system provides the central infrastructure for management of collateral tasks associated with derivatives margining. It is able to source both trade and market data from multiple sources, combining this with application legal parameters, to calculate margin requirements per counterparty. Further automation and control, including automated downstream processing, may be supported.

Algo Collateral provides the following functionality:

IBM Algo Credit Manager helps financial institutions manage credit risk and process, over the credit lifecycle from origination, monitoring, and review to credit default and recovery management. Designed to deliver a complete, singular view of credit risk, users are provided access to relevant credit risk information. At its foundation is a credit exposure and limits management engine, within a specialized, credit enabled business process management framework that delivers consistent and efficient pre-approval and post-approval processing for measurement and consolidation of credit risk data across banking book and treasury products.

IBM Algo Strategic Business Planning provides banks with an enterprise wide integrated risk modeling, stress-testing, and forecasting solution. Its predefined, extensible, data model aggregates analytics from existing risk and finance systems. Bank management can view the results of its purpose built risk and forecasting models to evaluate total risk position, projected capital, and risk adjusted performance. Flexible reporting capabilities are provided and different risk strategies can be planned, reviewed and improved. It also provides support for regulation including macro-economic stress testing, reverse stress testing and living wills.



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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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Algo Financial Modeler

Algo Financial Modeler Foundation

Designed to make actuarial models easier to use, understand, and review, Algo Financial Modeler is a model development environment allowing actuaries to build models to perform different calculations. These calculations include product pricing and design, budgeting, statutory valuation, market consistent embedded value valuations, International Financial Reporting Standards (IFRS), asset and liability modeling, economic capital, and Solvency II performed on a single platform with a common set of code. A unique modular structure allows maximum code reuse in a highly accessible manner, helping to ensure all business lines and units within an organization can produce consistent information quickly, at the required level of detail and can capture complex interactions within a group structure.

Algo Financial Modeler has a user-friendly Windows™ interface, with full on-screen help function and documentation for model developers. The natural actuarial programming language of Algo Financial Modeler gives you access to standard mathematical and actuarial functions along with standard features such as dates, characters, flags, arrays, and actuarial tables. Calculation steps are flexible giving the model developer the ability to vary time steps and recalculation frequencies over the projection period and enabling them to choose the appropriate balance between accuracy and run times.

Algo Financial Modeler simplifies the building and understanding of large and complex company models. It is designed to enable complex actuarial models by combining layers of code components to realistically reflect the products, processes, and interactions within an insurance company. Models, enhanced for performance, are created that enable iterative runs, each referencing external data and assumptions. This model can be transferred to the Algo Financial Modeler Enterprise application for management, scheduling, and production of runs.

The modular nature of Algo Financial Modeler means that once you are happy with your code for a specific product, you can use that code in every other calculation across the full range of requirements, Helping to promote quick implementation times and consistency across the business and range of calculations.

Algo Financial Modeler Enterprise allows signed off model executable code from the Algo Financial Modeler development environment to be published to a security-enhanced web server where it can be safely prepared, managed, and scheduled for run using IBM or third-party proprietary grid capabilities. This capability makes Algo Financial Modeler Enterprise a distinct interface for users, totally separate from the modeling environment.

Use of the application requires no prior knowledge of the Algo Financial Modeler development environment. Within the application, users can prepare models for results creation, including key decisions at run-time without altering the underlying calculations. For instance, users can change the model projection step length, or the external assumptions used within the run. Exposed parameters can be defined as part of the model development process to suit the type of resources utilized within a structured, operational model development and production system.

Once set up, models can be scheduled to run using the Algo Financial Modeler Worker or the proprietary grid systems. Algo Financial Modeler Enterprise also supports a Computing on Demand environment.

To protect the integrity of production models, Algo Financial Modeler Enterprise comes with an integrated security capability so that the production of models can be safeguarded and managed across all users throughout an organization. Access to Algo Financial Modeler Enterprise is managed through customizable user profiles and defined roles and permissions. Any aspect of usage within Algo Financial Modeler Enterprise can be enabled or restricted, giving maximum flexibility for application setup and control to those administering it. The system setup is traceable so the system administrator can monitor activity performed within Algo Financial Modeler Enterprise.

Numerous internal controls and audit features are included within Algo Financial Modeler to verify the production process is auditable and supports Sarbanes-Oxley (SOX) and other IT compliance standards:

Solution packaging - Algo Financial Modeler

IBM Algo Financial Modeler Foundation is designed to be used standalone. You can purchase either Algo Financial Modeler Foundation or Algo Financial Modeler Lite as the base install. Algo Financial Modeler Lite customers can upgrade to the full Algo Financial Modeler Foundation capability by purchasing IBM Algo Financial Modeler trade-up from Algo Financial Modeler Lite. The broader range of chargeable add-ons and solution enhancements are only available with Algo Financial Modeler Foundation.

A package of components supports the requirements for Solvency II to fast track new customer compliance. IBM Algo Economic Capital and Solvency II Compliance and Reporting Edition includes:

Algo Audit and Compliance

Algo Audit and Compliance is a workflow, governance, and process control application design to support efficient business analytics and reporting in financial services firms. It is used to orchestrate risk and finance processes, roles, and existing IT infrastructure, bringing control and efficiency to data gathering, validation, and processing, resulting in timely, auditable, repeatable, and reliable reports and decision intelligence, based on verified data and approved expert opinion.

Algo Audit and Compliance has built-in integration with Algo Financial Modeler to support insurance Solvency II Standard Formula reporting and compliance. This security-rich and auditable web-based system supports regulatory compliance with Pillar 2 and Pillar 3 of Solvency II by offering insurers the cost-effective capability to integrate and control information from their existing infrastructures. Algo Audit and Compliance reduces reporting time allowing insurers to focus on risk analysis and their primary business activities by efficiently streamlining workflow.

Algo Audit and Compliance provides financial services firms with outstanding levels of security. Designed to mitigate the risk of critical reporting data being tampered, product features include version control as well as checks and approvals for data use and assumptions. It also offers smooth cost-effective integration with existing infrastructure.

Reporting time is reduced and efficiency is enhanced by streamlining workflow processes. Algo Audit and Compliance enables financial services firms to reduce reporting times, while conforming to governance and reporting requirements, by streamlining workflow production and execution processes.

In addition to Solvency II, Algo Audit and Compliance is designed to support any analytic or reporting processes with actuarial, risk, and finance systems.

Solution packaging - Algo Audit and Compliance

IBM Algo Audit and Compliance is designed for standalone use or with IBM Algo Financial Modeler.

A package of components supports the requirements for Solvency II to fast track new customer compliance. IBM Algo Economic Capital and Solvency II Compliance and Reporting Edition includes:

IBM Algo Collateral

Algo Collateral enables effective collateral management and risk mitigation for any firm using collateral. Risk mitigation may be performed globally across a large number of counterparties for multiple legal entities. Calculation of margin requirements, communication of margin call to counterparties, and receipt of collateral helps mitigate the underlying exposure on counterparty portfolios. This mandatory market practice in over the counter (OTC) derivatives can also enable increased trading capacity and better pricing, through reduced impact on credit line utilization and reduced capital requirements.

With automation of the collateral management process, Algo Collateral effectively manages collation of data from a wide range of sources, using large volumes of both legal, trading, and market data. Increased automation is required to effectively process ever growing volumes of data. Automated data capture and margin calculation can effectively help manage this data. Communication of margin call requirements and client reporting is also automated via email. The objective of automation is to shorten timeframes, reduce manual effort, and to minimize user error. Automation is the key criteria for choosing a vendor platform. Algo Collateral Operations can successfully automate the collateral process from data collation, to calculation, to client communication, and reporting.

The collateral management process depends on direct interaction with other market counterparties, so a high-level of key market practices are required. Reduced counterparty disputes and shortened operational timeframes provide overall organization confidence. Implementation of key market practices is increasingly being cited by regulators as a requirement in the collateral space, as evidenced by Basel III, ISDA Dispute Protocol, and commitments made to the NY Federal Reserve Bank by the Fed 15 group of banks. Algo Collateral Operations is designed to help firms achieve key market practices. Over the past 14 years, it has evolved to meet the growing market needs.

The OTC market is undergoing significant market reforms, at a pace not seen in the past 15 years. These wide reaching reforms (Dodd Frank, EMIR, Basel III, and MIFID) are placing significant pressure on financial firms of all sizes, in all markets. Reforms are far reaching in terms of internal impact, requiring changes to underlying operational processes and systems. A challenge for all firms is having an ability to follow all reforms and understand their impact on collateral management. The introduction of mandatory OTC clearing of derivatives by Dodd Frank and EMIR causes a significant change to the day-to-day operations for firms using derivatives. There are also impacts on costs and credit exposures as well as impacts on the operational processing of derivatives. Algo Collateral Operations can help support new mandatory clearing of OTC derivatives, both for direct members of CCPs and those who use clearing brokers.

The use of collateral has consistently increased over the last decade. This reflects both a wider use of derivatives and improved risk management. This has increased the underlying collateral volumes firms must manage. The operational burden for collateral managers has been increased by market volatility, creating not only larger volumes of margin calls, but also disputes, reconciliations, and interest payments. To meet the operational burden of growing volumes, firms must achieve scalability. Scalability can help reduce operational costs and is mandatory to support future business growth. The introduction of new market practices increases the operational burden of collateral management, mandating the need for enhanced scalability.

For many firms, traditional collateral management has largely been a manual process. This may have been acceptable in a precredit crisis environment, with small volumes or in emerging markets, but firms are being required, by internal audit departments, to improve the collateral process. This is related to the large volume of manual steps involved, but also due to external client communication and payments, as well as regulatory requirements such as SOX.

Demand for straight through processing is becoming increasingly important for both upstream and downstream data. Examples of frequent data interfaces include front office exposure valuations, risk warehouses, market data providers, and accounting and payment systems (including SWIFT). A three-tier system oriented architecture allows flexible deployment and interaction with other systems.

Solution packaging - IBM Algo Collateral
IBM Algo Collateral Foundation

Provides automated business process management to support the collateral process. The solution supports data collation from internal and market data sources, storage of legal agreements, margin calculation, workflow processing, interest calculation, dispute tracking, inventory management, and reporting. Using a workflow, users are able to mitigate credit and operational risks.

IBM Algo Business Line Add-on

Algo Business Line Add-on describes the type of business a client uses in the Algo Collateral application. Licenses are available for the following business lines:

IBM Algo Reconciliation

Provides an engine to auto-match large portfolio sets in order to support investigation of the margin call dispute process. You can use this to identify mark-to-market and trade booking differences with the capability to manually approve and match transactions.

IBM Algo Collateral Manager

Provides users with a browser-based platform for viewing current collateral requirements and available collateral positions for use to fulfill those requirements. Users are able to create custom data views to focus on specific areas of interest. This data is sourced directly from Algo Collateral and can be enriched with additional data from external sources to provide a view of collateral positions and obligations.

IBM Algo Open Connect

A data transformation platform for automating data integration of third-party systems data and services such as Central Counterparties. It provides adaptors that transform the standard data from these sources into formats to be loaded directly into Algo Collateral.

IBM Algo Management Information Dashboard

A web-based browser providing a platform for viewing management information and key performance indicators related to the collateral process, including workflow, collateral positions, exposures, disputes, system imports and calculations, and underlying collateral agreements. The system can be used to review both current and historical metrics providing a unique oversight of the collateral process.

IBM Algo 3rd Party Service: Client Clearing

Extends usage rights of Algo Collateral beyond that of your business in order to run a clearing service. This enables you to use the software to help support the business process associated with clearing OTC transactions and managing associated collateral as an intermediary on behalf of a client and a Central Counterparty (CCP).

IBM Algo 3rd Party Service: Service Bureau

Extends usage rights of Algo Collateral beyond that of your business in order to run a collateral service bureau. This enables you to use the software, including workflow and reporting, to provide an OTC collateral margining service on behalf of third-party clients.

IBM Algo Self-Service Portal

A web-based browser used to deploy data to both internal and external users to review for interacting with the core collateral management process. This portal allows users to interact with the underlying collateral operations such as margin call workflow, interest, and collateral movements without access to the core system. It may be prepared for an end user to use in their collateral service bureau.

Licensing

You require Algo Collateral Foundation plus at least one Algo Business Line Add-on, but likely two or three. Most users also include Algo Reconciliation. A license for Algo Self-Service Portal is needed when a third-party service bureau is included. Other components are selectable depending your business needs. Some examples include:

Example 1:

Example 2:

Example 3:

Example 4:

Algo Credit Manager

Foundation

Algo Credit Manager enables financial institutions to manage credit risk and processes over the credit lifecycle. This solution is designed to deliver a single customer view providing users a single tool to access relevant credit risk information.

The solution foundation consists of a credit exposure and limits management engine supported by credit-enabled business process management tools that deliver consistent and efficient workflow management and measurement, and the consolidation of credit risk data across banking book and treasury products. User-set limits can be imported or automatically generated in accordance with policy rules and metrics.

Exposure Management

Algo Credit Manager provides a view of consolidated credit risk enterprise wide. Flexible and extensive support for counterparty, facility, limit, and collateral structures within an open interface architecture enables an organization to load, consolidate, and dissect risk across the both banking and trading books.

This solution is designed to tightly interface with your key data sources, such as core banking, transactional and trading systems, and counterparty records. This reduces the administrative burden on users manually collating data from multiple sources and verifies data consistency across the infrastructure. Validation and field restrictions ensure data created or enriched is consistent with policy and downstream system requirements.

Through the use of defined counterparty, the individual exposures of the owning bank and product structures can be aggregated and viewed at any point of a legal structure, as well as wider portfolio views such as industry, country, or business area.

This solution supports multiple risk measures, as well as the ability to compose or calculate new measures using existing risks. Algo Credit Manager applies these risks to limits and facility lines, and calculates excesses and availability. Secured and unsecured risks are generated through the application of collateral at any level of product hierarchy on a one-to-one or many-to-many basis. Support includes both tangible collaterals as well as risk transfers such as guarantees.

Credit Origination and Application management

Incorporating an extensive credit data model, Algo Credit Manager supports the management of singular and structured facility and mitigation agreements while delivering streamlined origination, approval, perfection, and ongoing monitoring. Specific control can be defined for the creation and sanction of counterparty, limit, facility, and mitigant records.

This solution permits incorporating existing credit processes while retaining full flexibility to modify or streamline processes as required. Credit applications can be created directly through the user interface utilizing existing information including the latest exposure and risk measures. Delegated authority and committee approvals help ensure submissions are reviewed and approved by the relevant authority offering control avoiding the restrictive and cumbersome levels of manual oversight. The latest integration of content management software documents can be imported, stored, and created within the application.

Product definition is flexible and supports typical commercial and treasury types including margin lending facilities.

User prompts and notifications help ensure that covenants and conditions are met and necessary steps are completed. Historical records are maintained to provide accountability in decision making processes while reducing the exposure to workarounds outside of approved policies.

Documentation generation and integrated support for documentation management tools reduce dependence on manual form completion and filing. Users can create, store, and retrieve relevant documents directly.

Leveraging records of user tasks and notifications provides management a picture of operating efficiency and measurable indicators of user activity and processing times, including time-to-market for new transactions, as well as the ability to track outcomes during submission and approvals.

Multiple views of results are available through the Algo Credit Manager user interface and may be updated on batch or online basis. Exposure results automatically feed into new and existing credit applications. Triggers can be configured to initiate business process market changes and to effectively allocate limits.

Reporting

Reporting provides valuable insight into portfolio metrics and operating efficiency. The powerful combination of business process management and limit and exposure management provides insight.

Structures and transactions are smoothly created as part of the credit origination and approval processes are used to consolidate risks, from downstream and transactional systems to provide a picture of risks at any level.

Portfolio reports provide picture of risks at the counterparty level and of the complete book. Historical records permit analysis of trends and the impacts of new and rolling-off transactions on portfolio composition, as well at changes to client credit worthiness.

Solution packaging - Algorithmics Credit Lifecycle Management

IBM Algo Credit Manager Foundation - Base

Provides a consolidated view of credit risk exposures across both banking and trading book at points within a customer portfolio hierarchy.

Functions include:

IBM Algo Credit Manager Foundation Reporting Library

Requires:

IBM Algo Credit Manager Foundation Reporting Library provides an integrated historical reporting database populated through a proprietary extraction and transformation layer, as well as a Cognos Framework configured over this database for custom report development. A series of standard reports is also provided.

IBM Algo Credit Manager Credit Origination and Application Management

Requires:

Enhanced process and data controls that build on Algo Credit Manager Foundation deliver support to credit origination and lifecycle management.

Functions:

IBM Algo Credit Manager Pricing for Profit

Requires:

Algo Credit Manager Pricing for Profit enables users to generate multiple risk versus reward scenarios at the company, group, or subsidiary level, supporting the credit application approval process for individual and groups of companies.

Functions include:

IBM Algo Credit Manager Default and Recoveries Management

Requires:

IBM Algo Credit Manager Foundation
IBM Algo Credit Manager Credit Origination and Application Management

Algo Credit Manager Default and Recoveries Management provides support for the management of counterparties and associated facilities, exposures, and mitigants in or near default.

Functional highlights

Algo Strategic Business Planning

Algo Strategic Business Planning meets a need, identified by the recent financial crisis, for bank senior managers and board members to incorporate a broader range of risk indicators in setting the framework for risk appetite, with the objective of anticipating and controlling possible losses with greater certainty, while promoting overall sustainable growth potential.

Algo Strategic Business Planning offers senior executives a decision support tool that combines a view of bank operations with the ability to stress, forecast, and improve portfolios over a range of possible changes and key risk drivers at the enterprise level. A web-based dashboard interface, designed for ease of use and supported by Algorithmics advanced aggregation and calculation capabilities, Algo Strategic Business Planning facilitates both day-to-day oversight and long-term strategic planning by providing senior managers and decision makers with a holistic overview of their risk and return profile.

Enterprise wide integrated risk and stress testing

Algo Strategic Business Planning allows for combining multiple risk types - each being associated with potential losses. By consolidating data from across geographies and lines of business, management can assess group risk at any level in an organization.

Management can model the potential impact of financial market events (instantaneous shock to interest rates and stock markets) as well as economic measures, such as recession and decline in GDP, unemployment levels, inflation, or house prices, enabling them to assess the negative impact on a bank's capital (buffer against loss) or other key risk indicators under differing levels of severity. Using shock or full recalculation methods Algo Strategic Business Planning enables the assessment of how much stress a bank can afford to take (usually defined by certain measures such as capital or liquidity ratios), and what events could trigger a breach of these levels.

Algo Strategic Business Planning allows management to monitor risk appetite and key risk indicators including capital and liquidity, Economic Capital, and risk adjusted values such as Risk Adjusted Return on Capital.

Risk adjusted performance, forecasting, and optimization of capital

Algo Strategic Business Planning enables banks to make efficient use of their capital by modeling the anticipated returns within their business lines. Management can evaluate different strategies, and identify which are more likely to return stable (for example, acceptable risks), healthy returns required by the stakeholders. The measure used is generally Economic Capital (EC). The Analytic Credit VaR model is calibrated and used in the projections and full EC is recalculated for each time step. The projected growth rates for each analysis level are captured as annualized percentage or directly from bank forecasts.

Combining balance sheet forecasts with risk estimation and the potential impacts of longer term econometric stress tests to project future expectations (such as GDP), banks can assess longer term impact on profitability and capital measures.

Back-testing helps ensure projections correlate well to past performance and a range of confidence levels are provided.

Regulation

Algo Strategic Business Planning enables management to assess the impact of macroeconomic stress testing and reverse stress testing required by banks or regulatory agencies, supporting the methods required by large banks and undertaken by the US Fed CCAR stress tests, FR-Y14 reports and European Banking Authority.

Banks are now required to create Resolution and Recovery Plans, generally known as Living Wills, which assess measures to survive a major economic downturn with plans and planned actions to provide an orderly windup of the business or selected business lines.

Algo Strategic Business Planning enables management to model the impact of the complete removal of a department, business line, or region. These projections provide expected survival scenarios for the remaining units.

Solution packaging - Algo Strategic Business Planning

Algo Strategic Business offers you one user license.

Algo Strategic Business Enterprise Edition offers you unlimited users.

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-H46  2.1.0  IBM Algo Financial Modeler
5725-H47  2.1.0  IBM Algo Audit and Compliance
5725-H48  5.2.0  IBM Algo Collateral
5725-H49  5.1.0  IBM Algo Credit Manager
5725-H50  1.2.0  IBM Algo Strategic Business Planning


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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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Product documentation will be provided as part of the software install.



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Technical information
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Specified operating environment

Hardware and software requirements
Algo Financial Modeler

Algo Financial Modeler Enterprise

IBM Algo Financial Modeler Foundation

Prerequisite: Microsoft Excel (optional)

Operating systems: One of the following:

Microsoft Office software:

IBM Algo Financial Modeler Enterprise Add-on

Prerequisites:

Operating systems: One of the following:

Databases: One of the following:

Algo Audit and Compliance

Prerequisites:

Algo Collateral

Client: One of the following:

Database: One of the following:

Application Server: One of the following:

Algo Credit Manager

Red Hat Linux™

Algo Credit Manager Foundation Library

Red Hat Linux

Solaris

POWER®

Algo Strategic Business Planning

Red Hat Linux

Solaris

POWER

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:

IBM Algo Financial Modeler (5725-H46)
IBM Algo Financial Modeler Foundation V2.1
IBM Algo Financial Modeler Toolkit Add-on V2.1
IBM Algo Financial Modeler Grid Connector Add-on V2.1
IBM Algo Financial Modeler Standard Model Add-on V2.1
IBM Algo Financial Modeler Solvency II Model Add-on V2.1
IBM Algo Financial Modeler Enterprise Add-on for Non-Production Environment V2.1
IBM Algo Financial Modeler Lite V2.1
IBM Algo Audit and Compliance (5725-H47)
IBM Algo Audit and Compliance V1.0
IBM Algo Audit and Compliance for Non-Production Environment
IBM Algo Collateral (5725-H48)
IBM Algo Collateral Foundation V5.2
IBM Algo Collateral Third Party Service Provider Self-Service Portal Option V5.2
IBM Algo Collateral Open Connect Add-on V5.2
IBM Algo Collateral Reconciliation Add-on V5.2
IBM Algo Collateral Manager Add-on V5.2
IBM Algo Collateral Management Information Dashboard Add-on V5.2
IBM Algo Credit Manager (5725-H49)
IBM Algo Credit Manager V5.1
IBM Algo Credit Manager Reporting V5.1
IBM Algo Credit Manager V5.1
IBM Algo Strategic Business Planning (5725-H50)
IBM Algo Strategic Business Planning V1.2

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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Ordering information
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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 Enterprise        5724-H42
 
Product category: Customer solutions
Charge metric
 
Program name                               PID number Charge metric
 
IBM Algo Financial Modeler                  5725-H46  Authorized user
                                                      Per Value unit
IBM Algo Audit and Compliance               5725-H47  Per Value unit
IBM Algo Collateral                         5725-H48  Resource Value unit
                                                      Connection
IBM Algo Credit Manager                     5725-H49  Currency Value unit
                                                      Authorized user
IBM Algo Strategic Business Planning        5725-H50  Currency Value unit
                                                      Authorized user
 

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.

Connection is a unit of measure by which the Program can be licensed. A Connection is a link or association of a database, application, server, or any other type of device to the program. Licensee must obtain entitlements for the total number of Connections which have been or are made to the Program.

Currency Value Unit

Currency Value Unit (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

IBM Algo Strategic Business Planning and IBM Algo Strategic Business Planning Enterprise Edition use the Currency Value Unit pricing metric.

The Currency Value Unit pricing metric for IBM Algo Credit Manager 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.

The IBM Algo Credit Manager components are:

IBM Algo Strategic Business Planning uses the following Currency Value Unit pricing metric:

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

Resource Value Unit (RVU) - Applicable to

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

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 webpage 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

* An Activated processor core is a processor core that is available for use in a physical or virtual server, regardless of whether the capacity of the processor core can be or is limited through virtualization technologies, operating system commands, BIOS settings, or similar restrictions.

In addition to the entitlements required for the Program directly, Licensee must obtain PVU entitlements for this Program sufficient to cover the processor cores for the systems on which the resources managed or processed by the Program reside.

Cumulative Entitlements

Authorized User and Currency Value Unit (CVU) entitlements are not alternative means for licensing the Program. Licensee must obtain sufficient Authorized User entitlements to cover the users of the Algo Strategic Business Planning program as well as the appropriate number of Currency Value Unit (CVU) entitlements for the Algo Strategic Business Planning program.

Passport Advantage

                                                                  Part
Program name/Description                                          number
 
IBM Algo Financial Modeler (5725-H46)
 
IBM Algo Financial Modeler Foundation per Authorized User
 - License and Subscription & Support 12 Mo                       D0UP3LL
 - Subscription & Support Renewal 12 Mo                           E0F01LL
 - Subscription & Support Reinstatement 12 Mo                     D0UP4LL
 - License and Subscription & Support 12 Mo                       D0UTKLL
   Trade up from IBM Algo Financial Modeler Lite
  
IBM Algo Financial Modeler Toolkit Add-on per Value unit
 - License and Subscription & Support 12 Mo                       D0UNZLL
 - Subscription & Support Renewal 12 Mo                           E0EZZLL
 - Subscription & Support Reinstatement 12 Mo                     D0UP0LL
 
IBM Algo Financial Modeler Grid Connector Add-on
  per Authorized user
 - License and Subscription & Support 12 Mo                       D0UNXLL
 - Subscription & Support Renewal 12 Mo                           E0EZYLL
 - Subscription & Support Reinstatement 12 Mo                     D0UNYLL
 
IBM Algo Financial Modeler Standard Model Add-on
  per Authorized User
 - License and Subscription & Support 12 Mo                       D0UPLLL
 - Subscription & Support Renewal 12 Mo                           E0F0ALL
 - Subscription & Support Reinstatement 12 Mo                     D0UPMLL
 
IBM Algo Financial Modeler Solvency II Model Add-on
  per Authorized User
 - License and Subscription & Support 12 Mo                       D0UPQLL
 - Subscription & Support Renewal 12 Mo                           E0F0CLL
 - Subscription & Support Reinstatement 12 Mo                     D0UPRLL
 
IBM Algo Financial Modeler Enterprise Add-on per Value Unit
 - License and Subscription & Support 12 Mo                       D0UQKLL
 - Subscription & Support Renewal 12 Mo                           E0F0SLL
 - Subscription & Support Reinstatement 12 Mo                     D0UQLLL
 
IBM Algo Financial Modeler Enterprise Add-on for Non-Production
  Environment per Value unit
 - License and Subscription & Support 12 Mo                       D0UQILL
 - Subscription & Support Renewal 12 Mo                           E0F0RLL
 - Subscription & Support Reinstatement 12 Mo                     D0UQJLL
 
IBM Algo Financial Modeler Lite per Value unit
 - License and Subscription & Support 12 Mo                       D0UQGLL
 - Subscription & Support Renewal 12 Mo                           E0F0QLL
 - Subscription & Support Reinstatement 12 Mo                     D0UQHLL
 
IBM Algo Audit and Compliance (5725-H47)
 
IBM Algo Audit and Compliance per Value unit
 - License and Subscription & Support 12 Mo                       D0UQELL
 - Subscription & Support Renewal 12 Mo                           E0F0PLL
 - Subscription & Support Reinstatement 12 Mo                     D0UQFLL
 
IBM Algo Audit and Compliance for Non-Production Environment
  per Value unit
 - License and Subscription & Support 12 Mo                       D0UQALL
 - Subscription & Support Renewal 12 Mo                           E0F0MLL
 - Subscription & Support Reinstatement 12 Mo                     D0UQBLL
  
IBM Algo Collateral (5725-H48)
  
IBM Algo Collateral Foundation per Resource Value unit
 - License and Subscription & Support 12 Mo                       D0UQ8LL
 - Subscription & Support Renewal 12 Mo                           E0F0LLL
 - Subscription & Support Reinstatement 12 Mo                     D0UQ9LL
 
IBM Algo Collateral Business Lines Add-on per Connection
 - License and Subscription & Support 12 Mo                       D0UQ4LL
 - Subscription & Support Renewal 12 Mo                           E0F0JLL
 - Subscription & Support Reinstatement 12 Mo                     D0UQ5LL
 
IBM Algo Collateral Third Party Service Provider
 Add-on for Client Clearing per Connection
 - License and Subscription & Support 12 Mo                       D0UQ2LL
 - Subscription & Support Renewal 12 Mo                           E0F0ILL
 - Subscription & Support Reinstatement 12 Mo                     D0UQ3LL
   
IBM Algo Collateral Third Party Service Provider
 Add-on for Service Bureau per Connection
 - License and Subscription & Support 12 Mo                       D0UPYLL
 - Subscription & Support Renewal 12 Mo                           E0F0GLL
 - Subscription & Support Reinstatement 12 Mo                     D0UPZLL
 
IBM Algo Collateral Third Party Service Provider
 Self-Service Portal Option per Connection
 - License and Subscription & Support 12 Mo                       D0UPWLL
 - Subscription & Support Renewal 12 Mo                           E0F0FLL
 - Subscription & Support Reinstatement 12 Mo                     D0UPXLL
 
IBM Algo Collateral Open Connect Add-on per Connection
 - License and Subscription & Support 12 Mo                       D0UPULL
 - Subscription & Support Renewal 12 Mo                           E0F0ELL
 - Subscription & Support Reinstatement 12 Mo                     D0UPVLL
 
IBM Algo Collateral Reconciliation Add-on per Resource Value unit
 - License and Subscription & Support 12 Mo                       D0ULZLL
 - Subscription & Support Renewal 12 Mo                           E0EYZLL
 - Subscription & Support Reinstatement 12 Mo                     D0UM0LL
 
IBM Algo Collateral Collateral Manager Add-on
  per Resource Value unit
 - License and Subscription & Support 12 Mo                       D0ULCLL
 - Subscription & Support Renewal 12 Mo                           E0EYNLL
 - Subscription & Support Reinstatement 12 Mo                     D0ULDLL
 
IBM Algo Collateral Management Information Dashboard Add-on
  per Resource Value unit
 - License and Subscription & Support 12 Mo                       D0UQ0LL
 - Subscription & Support Renewal 12 Mo                           E0F0HLL
 - Subscription & Support Reinstatement 12 Mo                     D0UQ1LL
  
IBM Algo Credit Manager (5725-H49)
  
IBM Algo Credit Manager Foundation per Currency Value unit
 - License and Subscription & Support 12 Mo                       D0UQ6LL
 - Subscription & Support Renewal 12 Mo                           E0F0KLL
 - Subscription & Support Reinstatement 12 Mo                     D0UQ7LL
 
IBM Algo Credit Manager Foundation Reporting Library Add-on
   per Currency Value unit
 - License and Subscription & Support 12 Mo                       D0UQCLL
 - Subscription & Support Renewal 12 Mo                           E0F0NLL
 - Subscription & Support Reinstatement 12 Mo                     D0UQDLL
 
IBM Algo Credit Manager Credit Origination and Application
  Management Base per Authorized user
 - License and Subscription & Support 12 Mo                       D0UPSLL
 - Subscription & Support Renewal 12 Mo                           E0F0DLL
 - Subscription & Support Reinstatement 12 Mo                     D0UPTLL
 
IBM Algo Credit Manager Credit Origination App Mgmt Workflow
Add-on per Authorized user
 - License and Subscription & Support 12 Mo                       D0UP1LL
 - Subscription & Support Renewal 12 Mo                           E0F00LL
 - Subscription & Support Reinstatement 12 Mo                     D0UP2LL
 
IBM Algo Credit Manager Pricing for Profit Add-on
  per Currency Value unit
 - License and Subscription & Support 12 Mo                       D0UPDLL
 - Subscription & Support Renewal 12 Mo                           E0F06LL
 - Subscription & Support Reinstatement 12 Mo                     D0UPELL
 
IBM Algo Credit Manager Default and Recoveries Management Add-on
  per Currency Value unit
 - License and Subscription & Support 12 Mo                       D0UPJLL
 - Subscription & Support Renewal 12 Mo                           E0F09LL
 - Subscription & Support Reinstatement 12 Mo                     D0UPKLL
    
IBM Algo Strategic Business Planning (5725-H50)
  
IBM Algo Strategic Business Planning per Currency Value unit
 - License and Subscription & Support 12 Mo                       D0UQMLL
 - Subscription & Support Renewal 12 Mo                           E0F0TLL
 - Subscription & Support Reinstatement 12 Mo                     D0UQNLL
 
IBM Algo Strategic Business Planning per Authorized user
 - License and Subscription & Support 12 Mo                       D0UR5LL
 - Subscription & Support Renewal 12 Mo                           E0F12LL
 - Subscription & Support Reinstatement 12 Mo                     D0UR6LL
 
IBM Algo Strategic Business Planning Enterprise Edition
  per Currency Value unit
 - License and Subscription & Support 12 Mo                       D0UQVLL
 - Subscription & Support Renewal 12 Mo                           E0F0XLL
 - Subscription & Support Reinstatement 12 Mo                     D0UQWLL

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 Financial Modeler (5725-H46)
  
IBM Algo Financial Modeler Foundation V2.1                        B5009EN
IBM Algo Financial Modeler Toolkit Add-on V2.1                    B500AEN
IBM Algo Financial Modeler Grid Connector Add-on V2.1             B500BEN
IBM Algo Financial Modeler Standard Model Add-on V2.1             B500CEN
IBM Algo Financial Modeler Solvency II Model Add-on V2.1          B500DEN
IBM Algo Financial Modeler Enterprise Add-on V2.1                 B500EEN
IBM Algo Financial Modeler Enterprise Add-on for                  B500FEN
 Non-Production Environment V2.1
IBM Algo Financial Modeler Lite V2.1                              B500GEN
  
IBM Algo Audit and Compliance (5725-H47)
  
IBM Algo Audit and Compliance V2.1                                B500HEN
IBM Algo Audit and Compliance V2.1                                B501VEN
  for Non-Production Environment
 
IBM Algo Collateral (5725-H48)
  
IBM Algo Collateral Foundation V5.2                               B5002EN
IBM Algo Collateral Third Party Service Provider                  B5003EN
  Self-Service Portal Option V5.2
IBM Algo Collateral Open Connect Add-on V5.2                      B5004EN
IBM Algo Collateral Reconciliation Add-on V5.2                    B5005EN
IBM Algo Collateral Collateral Manager Add-on V5.2                B5006EN
IBM Algo Collateral Management Information Dashboard              B5007EN
  Add-on V5.2
 
IBM Algo Credit Manager (5725-H49)
 
IBM Algo Credit Manager V5.1                                      B500JEN
IBM Algo Credit Manager Foundation Reporting Library              B500KEN
  Add-on V5.1
 
IBM Algo Strategic Business Planning (5725-H50)
 
IBM Algo Strategic Business Planning V1.2                         B500MEN


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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 access to technical support, 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-8VARR9: IBM Algo Collateral Foundation
L-SWOG-8W2HC5: IBM Algo Audit and Compliance
L-SWOG-8VMRRG: IBM Algo Financial Modeler
L-LASY-8VNHX4: IBM Algo Credit Manager
L-EENH-8VARTN: IBM Algo Strategic Business Planning

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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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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Prices
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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

IBM, Cognos, Passport Advantage, WebSphere, POWER, AIX and Express 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.

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.

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/