Pricing Partners , the independent revaluation expert and provider of mathematical models and analytics for derivatives and structured products, announced the release of a new module providing VaR and Stress Tests calculations.
With the recent unpredictable market movements, the accurate calculation of VaR, risks and stress tests on complex products has become a crucial issue for banks, risk control departments, asset managers and hedge funds, the vendor said in a release.
According to Pricing Partners, the new module, called Price-it VaR, helps firms capture and manage institutional risk and exposure across a variety of financial products and across various business units, as well as measuring the overall level of risks through Value at Risk (VaR and CVaR).
It also enables clients to estimate potential exposure with major sensitivities, stress-test portfolios with customized and market crisis scenarios, respond to client and counterparty demands for advanced risk analyses and risk-adjusted performances, comply with evolving regulatory capital guidelines and gain maximum balance sheet efficiency, and deliver a risk management solution that is sophisticated, scalable, flexible, and cost effective, the vendor said.
Price-it VaR includes portfolio capture, security description, pricing engine, VaR and scenario engine reporting.
Eric Benhamou, CEO of Pricing Partners and former Goldman Sachs remarked: "Price-it strengthens the VaR product range and Pricing Partners allows us to position ourselves as a global player in the world of revaluation and risk management on financial derivatives. Price-it VaR is unique and one of the most powerful modules trading VaR due to its flexibility. Price-it VaR synthesizes many years of experience and knowledge of markets and will interest many customers looking for a viable solution for VaR and Stress Tests."
Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio