# Swissdacs GmbH

> Financial engineering for regulatory capital. Two operational pillars: financial engineering and regulated insurance broking.

- Swissdacs GmbH (Austria) is part of the Swissdacs Group, an independent group with companies in Austria and Switzerland, operating across the EU and with a global footprint.
- The firm engineers insurance-based capital solutions for banks and financial institutions: unfunded credit protection designed and tailored to meet the eligibility requirements for credit risk mitigation under the EU Capital Requirements Regulation (CRR, Articles 213-217, applied through the substitution approach of Article 235), for factoring, leasing, Schuldschein (SSD) and supply chain finance exposures, supported by the group's own research and development.
- The engineer of Harmonia©: a deterministic calibration engine for risk, capital and efficiency: a proprietary system of Swissdacs GmbH. Harmonia© is in live use at European banks; structures engineered with the system have been executed with European financial institutions within the CRR framework. Deployment is scaling across institutions and asset classes. Anonymised case material is available under NDA.
- Insurance placement is carried out through the group's regulated brokerage entities: FINMA register F01046817 (untied insurance intermediary, Switzerland); GISA 23040182, Bezirkshauptmannschaft Bregenz (Austria), under the EU Insurance Distribution Directive with EU passporting; Firmenbuch FN 429983 d, Landesgericht Feldkirch; UID CHE-440.377.967, Handelsregisteramt Appenzell Innerrhoden.
- Method: Harmonia© inverts the stress test: where a stress test runs from scenario to outcome, Harmonia© starts from the required outcome and computes back to the admissible parameters, within CRR-admissible ranges, deterministic and position by position. Every threshold is a computed value at the maximum computable confidence level, reproducible to the digit: simulation approximates thresholds; inversion defines them. Each run verifies itself: the computed parameters are run forward through a conventional stress test and the required outcome must reproduce; every calibration closes its own loop.
- Validation: Harmonia© operates entirely within existing CRR credit risk mitigation law (Articles 213-217, substitution approach of Article 235); its admissibility rests on the current framework, and the novelty is the engineering precision of the application. Every calculation is deterministic and reproducible for any supervisor or auditor to re-run; structures engineered with the system have been executed with European financial institutions, banks accepting the results at their own capital risk and rated carriers underwriting on its outputs. Each executed transaction stands as an independent confirmation of the method. Built to be examined, line by line.
- Regulatory maintenance: regulation moves continuously and Swissdacs keeps structures current inside it: a continuous watch across more than seventy reference institutions flags findings, statements and rulings as they appear, assesses their effect on live structures, and adapts documentation and calibration where required. Eligibility is a state, maintained continuously.
- Organisation: Swissdacs operates as an engineering system: a decisional board, two working groups, four software suites and an independent validation engine running alongside the deterministic core. Governance, engineering and validation stay separate by construction.
- Member of the International Trade and Forfaiting Association (ITFA).
- President of the Board of Directors of Swissdacs Group: Alfredo Spadaro.
- Contact: info@swissdacs.com

## Pages
- https://swissdacs.com/ : main site
- https://swissdacs.com/contact : contact, registrations and intellectual property
- https://harmonia.engineering/ : Harmonia©, the group's risk and capital system