Pricing Partners (www.pricingpartners.com), the independent revaluation expert and a world leader in mathematical models and analytics for derivatives and structured products, announced the release of a new module providing VaR and Stress Tests calculations today.
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. This new module, called Price-it VaR, responds to the following problems:
– Capture and manage your institutional risk and exposure across a variety of financial products and across various business units
– Measure the overall level of risks through Value at Risk (VaR and CVaR)
– Estimate the potential exposure with major sensitivities
– Stress-test your 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
– Deliver a risk management solution that is sophisticated, scalable, and flexible, yet highly cost effective and simple to implement
Delivered online, Price-it VaR is a generic risk solution that leverages the Price-it financial library and the independent revaluation service Price-it Online. Price-it VaR is very exhaustive and comprehensive. It covers all major asset class derivatives from vanilla to the most exotics on interest rates, credit, foreign exchange (FX), equity, life insurance, inflation, commodity and hybrids. It is highly customizable, as users can virtually describe any financial products due to the generic Price-it payoff language. Users can easily design, manipulate and analyze information to create tailor made solutions and reports according to their needs.
Price-it VaR includes portfolio capture, security description, pricing engine, VaR and scenario engine reporting. This provides financial institutions looking for a risk management solution with one of the most powerful tools for leveraging years of experience and market practice in the trading environment.
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. "
Founded by former professionals of the trading floor, working in investment banks like Goldman Sachs, Société Générale, Natixis or HSBC, Pricing Partners has become a major player in the financial derivatives fields in the past two years. In October 2008, Pricing Partners launched its Internet independent revaluation platform, Price-it® Online, which affirms its leading place in financial modeling as well as an independent revaluations provider. Designed for all major assets like Interest Rates, Equity, Inflation, Credit, Foreign Exchange, Commodities, and Life Insurance to Hybrid products, Price-it® comes either as a software tools or an Internet Platform, providing all the tools for the transparent revaluation on structured products. Price-it® online uses cutting edge mathematical models together with a new language to describe the complexity of any structured products.
