Numerix, the leading independent service provider of award winning cross-asset analytics for the structuring, pricing and risk evaluation of derivatives and structured products, along with CDO Software, a leading provider of CDO and CLO portfolio management tools, today announced their partnership to offer integrated "Numerix Powered" pricing and risk solutions within the CDO Tools application suite.
Users of the CDO Tools suite, including portfolio managers, investors, risk managers and trustees in the credit markets, will be able to access the extensive Numerix CrossAsset library of independent pricing models and methods to price and generate risk sensitivities across synthetic CDO and CLO instruments. The flexibility of the Numerix CrossAsset library allows users to calculate risk analytics by specifying the copula type, correlation model and base correlations from reference deals.
"The integration of Numerix analytics within the CDO Tools application suite offers users a powerful and robust pricing and risk solution. The wide variety of available models means users can now value virtually any credit product using Numerix's different methodologies and custom model calibrations. We look forward to a successful partnership with CDO software," said Steven R. O'Hanlon, President and COO of Numerix.
"We are committed to working with Numerix to deliver an integrated solution that will provide participants in the market with the tools they need to better risk manage their portfolios," said Sunay Shah, CEO and co-founder of CDO Software. "The ability to seamlessly run Numerix analytics, stress scenarios and automatically generate risk reports within our CDO Tools platform will enable users to analyse information from several perspectives and give firms in the market a transparent understanding of where their real risks and values lie."
CDO Software's tools integrate risk models and market data feeds, automate rating agency models and generate investor reports in one fully-audited environment.