TORONTO, April 14 /CNW/ - RBC Dexia Investor Services today launched a new risk disclosure service specifically tailored to help Canadian pension plans meet the risk disclosure requirements of CICA (Canadian Institute of Chartered Accountants) 3862. CICA 3862 stipulates that audited financial statements of Canadian pension plans must incorporate information on the risk arising from financial instruments to which the plans are exposed.
Developed by RBC Dexia's Risk and Investment Analytics group, the new risk disclosure service aggregates risk exposure information at the plan level and provides data on the required risk areas detailed in the CICA 3862 guideline.
"The rules are changing and RBC Dexia is providing a nimble and cost-effective solution to help ensure our clients' pension plans are meeting their disclosure requirements," said Fay Coroneos, Head, Risk and Investment Analytics, for RBC Dexia. "In addition to the disclosure obligations, this service will also provide our clients with valuable input on their overall risk management and plan oversight."
This new service includes required risk disclosures on the following:
- Credit risk exposure based on agency ratings
- Liquidity risk determined by the "term-to-maturity" of portfolio
- Interest rate sensitivity of fixed income assets based on the impact
of parallel yield curve movement
- Foreign currency exposure and the effect of exchange rate movements
- Asset sensitivity to relevant market indices
For more information regarding this service, please visit rbcdexia.com
About RBC Dexia Investor Services
RBC Dexia Investor Services offers a complete range of investor services to institutions worldwide, including Canadian pension funds. Our unique offshore and onshore solutions, combined with the expertise of our 5,300 professionals in 16 markets, help clients grow their business and sustain enhanced performance through efficiency improvements and robust risk management processes.
Equally-owned by RBC and Dexia, the company ranks among the world's top 10 global custodians with USD 2.5 trillion in client assets under administration.
RBC Dexia Investor Services Limited is a holding company that provides strategic direction and management oversight to its affiliates, including RBC Dexia Investor Services Bank S.A., a credit institution licensed in Luxembourg by the Commission de Surveillance du Secteur Financier and the Ministry of Finance. All are licensed users of the RBC trademark (a registered trademark of Royal Bank of Canada) and Dexia trademark (a registered mark of Dexia Crédit Local) and conduct their global custody and investment administration business under the RBC Dexia Investor Services brand name.
SOURCE RBC Investor & Treasury Services
For further information: For further information: Jason Graham, (416) 955-5800, firstname.lastname@example.org