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The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Pricing Partners Launches Price-it VaR

Pricing Partners announced the release of a new module providing value at risk (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 VaR and CVaR; estimate the potential exposure with major sensitivities; stress test your portfolios with customised 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. 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 customisable, as users can virtually describe any financial products due to the generic Price-it payoff language. Users can easily design, manipulate and analyse 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, 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 synthesises many years of experience and knowledge of markets and will interest many customers looking for a viable solution for VaR and stress tests.”

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