Numerix, the leading provider of cross-asset analytics for derivatives valuations and risk management and Hyper Rig, the provider of multi-asset real time risk management solutions, today announced the availability of a white paper prepared jointly by both firms entitled, “A Framework For Real-Time Risk Aggregation.” Often times due to disparate systems and locations, banks are unable to see their risk exposures in real time. They have no consistent view of aggregated risk across asset classes, no single view of market risk, no consolidated view of exposures by counterparty and no consolidated view of market and credit risk. That's where a framework for real-time risk aggregation comes in.
The whitepaper addresses the challenges and bottlenecks that banks need to overcome in terms of data, performance, scalability, openness, transparency and implementation, and outlines the information required to understand risks and opportunities in a format and timeframe that enables effective decision making.
Topics covered in the white paper include:
- Thorough discussion of what’s needed to overcome the challenges and bottlenecks for real-time risk aggregation.
- Dealing with the data challenges.
- Monte Carlo Performance: breakthrough performance through the use of intelligent distributed grid computing and optimization techniques.
- Model Consistency: consistency between the models used for pricing each instrument on a firm-wide basis.
- Scalability: Understanding what banks can do to grow their key systems.
- Volatility: managing day-to-day volatility.
If you would like to download a copy of the white paper, please visit: http://www.numerix.com/research |
