Statistical Variance Tool

Statistical Variance Tool (SVT) is a collection of Variance Metrics allowing an instution to "compare" two diferent Statistical Returns and record variances amongst them.

It is used to identify variances between two Monthly Interest Rate Returns (for the same or different reference periods).
  • Schedule by Schedule Comparisons
  • Account by Account Comparisons
  • Variances in AAR, NDER, Amounts as well as statistical data classifications

It is used to identify variances between two Monthly Balance Sheet Returns (for the same or different reference periods).
  • Schedule by Schedule comparisons;
  • Includes Balance Variances and also Variancesas per Categorization Parameters
  • Granular (Account / Customer / GL)
  • Informative

Identifying Variances is an easy and effective way to monitor the quality and correctness amongst returns and focus the variances for investigating them further so as to assess their justification or proceed into corrective actions (if required).

 
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