20 July 2018
Visit www.gemalto.com

China Citic Bank selects Numerix for risk management

13 May 2009  |  1821 views  |  0 Source: Numerix

Numerix, a leading independent provider of advanced analytics for derivatives and structured products, announced today that China CITIC Bank, a unit of China Citic Group- a financial trust controlled by the Chinese government, has deployed Numerix analytics via its Numerix 7 for Excel solution for assessing and pricing complex financial instruments, as well as managing the risk exposures of these products.

"We selected Numerix because we value its wide range of asset-class-based analytic tools and models, as well as its ability to generate risk information," said Pan Fengru, General Manager of the Market Analysis Department of CITIC.

CITIC will utilize Numerix 7 for Excel throughout the transaction process, enabling CITIC users to evaluate all the necessary information for risk management.

"We are pleased to work with CITIC in meeting their needs for assessment and risk management as they consolidate their market position and work across various asset categories," said Numerix President Steven R. O'Hanlon. "Pricing and assessing derivatives and structured products plays a pivotal part in product design, and we are confident about the critical role of Numerix analytics in that process."

"The recent agreement with CITIC shows that financial institutions are reexamining the way they exercise proper risk control from front office to back office in order to maintain their competency in a market full of challenges," said Mr. O'Hanlon. "This trend has driven global demand for the independent pricing and assessment of derivatives and structured products."


Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
Visit info.nice.comVisit http://go.jumio.com/finextraAdVisit https://secure.vasco.com

Top topics

Most viewed Most shared
Calmejane quits Lloyds Bank to join SocGenCalmejane quits Lloyds Bank to join SocGen
12168 views comments | 5 tweets | 7 linkedin
Metro Bank opens developer portalMetro Bank opens developer portal
10088 views comments | 5 tweets | 14 linkedin
Anything Visa can do...Mastercard takes time outAnything Visa can do...Mastercard takes ti...
9770 views comments | 6 tweets | 15 linkedin
Hong Kong plans September go-live for blockchain-based trade financeHong Kong plans September go-live for bloc...
9348 views comments | 9 tweets | 17 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
9330 views 19 comments | 14 tweets | 30 linkedin

Featured job

Find your next job