Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Union Budget
Budget 2011-2012 Home
Industry Expectations - Budget 2011-2012
Industry Reactions - Budget 2011-2012
Budget 2010-2011
Budget 2010-2011 Home
Industry Expectations - Budget 2010-2011
Industry Reactions - Budget 2010-2011
Contributor's Corner
Bonanza Portfolio
Hemant K Gupta
Krish Bhatt
S A A R T H I
Trinity Investments
Exchange Information
BSE 2009 Holidays
NSE 2009 Holidays
Investor Guide
Depository & Dematerialisation
Grievance Redressal
Investor Guide
SEBI
Trading of Securities
Transfer of Securities
Your Rights
Budget 2009-2010
Budget 2009-2010 Home
Industry Expectations - Budget 2009-2010
Industry Reactions - Budget 2009-2010
Interim Budget 2009-2010 Home
Industry Expectations - Interim Budget 2009
Budget 2008-2009
Railway Budget 2008-2009
Industry Expectations - Budget 2008
Union Budget 2008-2009
Highlights of Budget 2008-2009
Summary of Budget 2008-2009
Industry Reactions - Budget 2008
IPOs
Current IPOs
Past IPOs
IPO Subscription
Mutual Funds
Gold Exchange Traded Fund
MF Unique Holding
Forthcoming Dividends
ELSS Schemes Comparison
Tax Plans
New Fund Offers
Research
Arbitrages
Equity
Market Whispers
Tax Planning
Home
Equity Linked Savings Scheme
Post Office MIS
9% GOI Senior Citizens Savings Scheme
8% Savings (Taxable) Bonds
Kisan Vikas Patra
National Savings Certificate
Public Provident Fund
Stock Report

| More

Polaris Financial Technology partners with Numerix for Credit Valuation Adjustment and Advanced Risk Capabilities

Posted On: 2013-02-12 00:31:22

Polaris Financial Technology Ltd (POLS.BO), a leader in products, solutions and services that enable unprecedented operational productivity for the global Financial Services industry, today signed a definitive agreement with US based Numerix, a leading provider of cross-asset analytics for derivatives valuations and risk management. Leveraging Numerix's newly introduced analytics calculation engine, CrossAsset Server and CrossAsset Integration Layer for the integration, this partnership will provide clients with Numerix risk analytics for improved risk monitoring, increased transparency and decision making.

Polaris' Intellect® Risk and Treasury has more than 40 customers across 80 countries, which will now be able to comply with Basel regulatory requirements, such as consistent pricing, stress testing and accurate reporting of Credit Valuation Adjustment for robust Counterparty Credit Risk management, by leveraging Numerix's comprehensive model library and risk analytics embedded as part of the solution. In addition, Polaris will support banks to integrate Numerix models into their end-to-end pricing and risk management solutions.

Speaking on the occasion, Mr. Manish Maakan, Partner & Global Head - Intellect Business, Polaris Financial Technology Limited said, "Regulatory pressure and changing business needs demand that banks, both buy side and sell side, be able to access trading and risk management information across assets with reliable risk models. Banks therefore need customizable solutions to comply with regulatory Basel requirements. We now empower banks to seamlessly comply with regulatory and Basel compliance at a competitive price point with Polaris' Treasury/Risk IP and Numerix's risk analytics."

Steven R. O'Hanlon, Chief Executive Officer & President, Numerix said, "Numerix has a proven track record of providing users with market leading risk management and pricing analytics software to structure and value any conceivable type of financial instrument - from vanillas to the most complex deals. We needed a partner with scale and reach who can provide access to various global markets and we are excited about the opportunity to partner with a global financial technology leader like Polaris."

As the global leader in cross-asset analytics for vanillas through to the most exotic Over-the-Counter (OTC) and structured products, Numerix provides support for pre-trade pricing, structuring, trade capture, valuation, market risk (all Value at Risk measures) and counterparty risk calculations including Credit Valuation Adjustment (CVA), Debit Valuation Adjustment(DVA), Potential Future Exposure(PFE) and Funding Value Adjustment(FVA).

Numerix provides comprehensive coverage for all major asset classes, including fixed income, inflation, credit, equity, foreign exchange and commodity instruments, as well as hybrids. With a flexible and transparent framework and the industry's most sophisticated library of pricing and risk models at its core, the Numerix analytics platform is the market standard for cross-asset analytics. Many of the top trading and risk platforms used by today's financial institutions and corporate treasuries have embedded the Numerix model library and pricing architecture inside their systems. This offers a consistent pricing framework that spans a wide range of standard technology platforms, fostering transparency throughout the derivatives market.

The Polaris Financial Technology Ltd stock was trading at Rs.120.60, up by Rs.0.50 or 0.42%. The stock hit an intraday high of Rs.122.50 and low of Rs.118.60.

The total traded quantity was 0.27 lakhs compared to 2 week average of 1.01 lakhs.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Persistent Systems Ltd Board declares Interim Dividend of Rs. 10 for 2014-15
Shriram Transport Finance Company Ltd to seek EGM nod for appointment of independent directors
Uniroyal Marine Exports Ltd to consider quarterly results on Feb 7, 2015
Persistent Systems posts Q3 consolidated net profit of Rs. 74.46 crores
Nahar Spinning Mills Ltd to consider financial results on Feb 3, 2015
Nahar Capital and Financial Services Ltd to consider quarterly results on Feb 3, 2015
Kilpest India Ltd to consider financial results on Feb 2, 2015
Persistent Systems Ltd Board approves 1:1 Bonus Issue
Shriram Transport Finance Company Q3 consolidated net profit lower at Rs. 321.27 crores
Man Infraconstruction Ltd to consider Q3 results on Feb 4, 2015
Goldstone Infratech Ltd to consider quarterly financial results on Feb 6, 2015
Sharda Cropchem Ltd to consider quarterly results on Feb 6, 2015
City Union Bank Q3 PAT rises to Rs. 102.70 crores
Burnpur Cement Ltd calls for Board Meeting on Jan 30, 2015
Ravileela Granites Ltd appoints K Nanda Kumar as additional director
Deepak Spinners Ltd to consider quarterly results on Feb 10, 2015
GKB Ophthalmics Ltd delists equity shares from MSE
Super Spinning Mills Ltd to consider Q3 results on Feb 4, 2015
Sharp India Ltd to consider quarterly results on Feb 7, 2015
TCI Finance Ltd appoints Hemant Kaul as additional director
Private Equity Investors cease their Right to appoint Director in K.P.R. Mill Ltd
NALCO to announce Q3 results on Feb 10, 2015
UltraTech Cement signs agreement with Jaiprakash Associates to acquire 2 cement units
Bharat Electronics Q3 net profit surges to Rs. 271.80 crores
Shri Jagdamba Polymers Ltd to consider 3rd quarter results on Feb 12, 2015
Link Pharma Chem Ltd to sell Unutilized Plots at Nandesari
India Motor Parts & Accessories Ltd elects S Ram as Chairman
Sterling Green Woods Ltd to consider quarterly results on Feb 4, 2015
Steelcast Ltd updates on change in promoters
India Ratings reaffirs Credit Rating of HeidelbergCement India Ltd
Sumedha Fiscal Services Ltd announces closure of Trading Window for results
Gujarat Gas Company Ltd appoints M K Das as Additional Director
Gruh Finance Ltd appoints Hitesh Agarwal as CFO
Dhanuka Agritech Ltd to approve Q3 results on Feb 5, 2015
Aditya Ispat Ltd appoints CFO, Company Secretary
Omax Autos Ltd Board appoints additional director
Sambhaav Media Ltd to approve quarterly results on Jan 31, 2015
Bharat Electronics Ltd Board declares Interim Dividend of Rs. 6 for 2014-15
Modern India Ltd appoints CFO
Jubilant FoodWorks Ltd to announce Q3 results on Feb 05, 2015
NHC Foods Ltd to consider 3rd quarter results on Feb 4, 2015
Orosil Smiths India Ltd to consider financial results on Feb 10, 2015
Kesar Terminals & Infrastructure Ltd Board to consider Interim Dividend for 2014-15
WABCO India Ltd appoints Ms. Lisa Brown as Director
Consolidated Securities Ltd calls for Board Meeting on Jan 30, 2015
Steelcast Ltd to consider financial results on Feb 9, 2015
Monte Carlo Fashions Ltd to consider quarterly results on Feb 3, 2015
Mount Everest Mineral Water Ltd appoints company secretary
MindTree Ltd announces Organization Changes
North Eastern Carrying Corporation Ltd to consider quarterly results on Feb 12, 2015


  
Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2014