The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

WestLB Selects Quantifi’s Cutting Edge Credit Valuation Adjustment Pricing Tool

Quantifi, a provider of analytics, trading and risk management solutions for the global capital markets, today announced that WestLB, a European commercial bank, has selected Quantifi’s next generation Credit Valuation Adjustment (CVA) pricing tool, Quantifi CVA.

Being able to correctly price and manage counterparty risk is a key priority for financial institutions as they look to establish best practice in the pre- and post-trade management of CVA. WestLB has been working with Quantifi for the last 2 years, using Quantifi XL for pricing and structuring. With the increasing need to better manage counterparty risk, WestLB made the decision to utilise Quantifi’s new CVA offering. Through Quantifi CVA, WestLB can quickly and accurately price and hedge the counterparty risk of new trades and existing portfolios.

“WestLB was looking for a fast, flexible and intuitive CVA solution to competitively and accurately price CVAs in near real-time. Quantifi CVA proved to be the ideal solution, as the semi-analytic models deliver superior performance without compromising accuracy. By using Quantifi CVA, traders and risk managers can now calculate CVA for new trades in seconds and identify the risk dynamics at the point of trade,” commented David Kelly, Director of Credit Products at Quantifi.

Quantifi CVA is a suite of Excel-based CVA pricing tools. Advanced semi-analytic models make it the fastest, most sophisticated and comprehensive CVA tool on the market. Best-of-breed CVA pricing models reflect current best practice, helping traders and risk managers correctly price in default correlation, i.e. wrong-way risk between the counterparty and the underlying asset, as well as volatility. Created in Excel for flexibility and ease of use, Quantifi CVA can be downloaded and deployed rapidly.

Rohan Douglas, CEO of Quantifi, comments, “I am excited to see such rapid adoption of our most recent product offering. Quantifi CVA is the result of our culture of innovation and clearly demonstrates our ongoing commitment to providing clients, such as WestLB, with groundbreaking solutions that give them a competitive edge in the market. We have maintained a long and successful partnership with WestLB and I’m delighted to continue supporting one of Europe’s leading banks.”

Related content

WEBINAR

Recorded Webinar: Evolution of data management for the buy-side 2021

The buy-side faced a barrage of regulation in 2020 and is now under pressure to make post-Brexit adjustments and complete LIBOR transition by the end of 2021. To ensure compliance and ease the burden of in-house data management, many firms turned to outsourcing and managed services. But there is more to come, as buy-side firms...

BLOG

GLEIF LEI Search 2.0 and API Offer Customised, Automated Access to Rich LEI Data

The Global LEI Foundation (GLEIF) has responded to industry demand for customised, automated access to rich LEI data with LEI Search 2.0 and an API that allows third-party developers to automate searches and retrieve open, higher quality LEI data from within their application environments. LEI Search 2.0 expands the number of search parameters available, providing...

EVENT

RegTech Summit APAC Virtual

RegTech Summit APAC will explore the current regulatory environment in Asia Pacific, the impact of COVID on the RegTech industry and the extent to which the pandemic has acted a catalyst for RegTech adoption in financial markets.

GUIDE

Regulatory Data Handbook – Fifth Edition

In response to the popularity of the A-Team Regulatory Data Handbook, we have published a fifth edition outlining the essentials of regulations that are likely to have an impact on data and data management at your organisation. New to this edition is a section on RegTech, covering drivers behind the development of innovative regulatory technology,...