Numerix, the leading provider of cross-asset analytics for derivatives valuations and risk management, today announced that The New South Wales Treasury Corporation (TCorp) of Australia has selected Numerix CrossAsset to effectively risk manage debt portfolios on behalf of clients.
As a real-time enterprise analytics platform, Numerix CrossAsset provides global, desk and portfolio-level pricing, risk aggregation, revaluation, simulation and optimization.
Numerix CrossAsset: Scalability & Performance for Real-Time Derivatives Valuation and Risk Analysis
TCorp required a platform capable of managing the business logic for its debt portfolios comprised of bespoke instruments. Numerix CrossAsset provides a flexible, high performance computing environment required to perform real-time calculations of any scale and complexity - enabling faster time-to-market with portfolio updates, and improved management of debt risk management programs. With CrossAsset TCorp is now empowered with the scalability and agility to support present offerings, and future client advisory services.
"The ability to implement the business logic for debt portfolios including custom instruments has helped us provide better service to our clients, enhance Debt Interest Forecast (DIF) services , as well as increase interoperability and transparency across systems," said Stephen Knight, Chief Executive Officer at TCorp. "With CrossAsset running debt optimization and debt risk management programs including: risk attribution, the measuring and quantifying of client portfolio versus benchmark portfolio risk and the reporting of projected debt interest costs we've successfully improved the overall Client and Risk services support. This has greatly improved our operational efficiency and established a solid ground for future services development and support."
"CrossAsset provides the flexibility to create, book and value any structure, the usability to easily price, and the ability to scale performance. Underpinned by Numerix's full portfolio coverage and advanced financial modeling framework TCorp is not only able to quickly and accurately price any deal within our sophisticated deal-structuring architecture, but manage ththe complexities and risks associated with bespoke payoffs post-trade," said Steven R. O'Hanlon, Chief Executive Officer & President of Numerix. "We're pleased to support TCorp with unparalleled valuation expertise and a best-in-class analytics infrastructure - further reducing operational risk and valuation costs, while improving enterprise wide risk management capabilities."