19 August 2017
visit www.avoka.com

Brazil's BBA Creditanstalt implements FEA VaR technology

15 March 2002  |  1570 views  |  0 Brazil's BBA Creditanstalt implements FEA VaR technology

Banco BBA Creditanstalt has implemented a customised version of Financial Engineering Associates' (FEA) value-at-risk (VaR) technology for managing risk in the Brazilian market.

The customised VaR system was built by FEA partner Ascent Financial Technologies and includes MakeVC, VaRworks and Varlib modules.

Alberto Suen, Ascent Financial Technologies CEO, says: "The main objectives of our work at BBA were to integrate FEA’s Varlib with the firm’s other systems, and to satisfy BBA´s need for a VaR analysis tool that incorporates market risk factors specific to Brazil."

Enio Bonafé Mendonça de Souza, director of risk management at BBA, comments: ”With the FEA VaRdelta technology BBA traders can rapidly choose candidate operations that optimise our hedging strategies by fully exposing the VaR and cashflow impacts of any transaction. The FEA VaR system gives us very fast performance; It allows intra-day VaR estimates, robust stress testing, and multiple reporting options.”

BBA will also use the system to support Brazil's new national requirements for online reporting of cash positions and transactions, says Suen.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

FEA puts VaR datasets online

FEA puts VaR datasets online

12 February 2002  |  1801 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.worldpaymentsreport.comdownload the paper nowvisit www.niceactimize.com

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
8811 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
7752 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
7043 views comments | 10 tweets | 7 linkedin
hands typing furiouslyWhy Blockchain Might Not Be The Future For...
6387 views 1 | 5 tweets | 3 linkedin
Apple sidelined as Beijing transit system launches payments appApple sidelined as Beijing transit system...
6246 views comments | 11 tweets | 9 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job