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:

Shoppers Stop ties up with SAP hybris to boost omni-channel strategy
Shriram Transport Finance Company honored with The No.1 Brand Award
Banco Products (India) Ltd appoints scrutinizer
Arcee Industries Ltd appoints Company Secretary and Compliance Officer
Avanti Feeds approves expansion of shrimp processing facility
CARE assigns credit ratings to Automobile Corporation of Goa Ltd
Greycells Education Limited appoints Director
IIFL Holdings Ltd Fixes Book Closure for 2014-15 AGM
Prozone Intu Properties Ltd updates on subsidiary
Cerebra Integrated Technologies Ltd to disinvest stake in Geeta Monitors Private Limited
Urja Global Ltd appoints P C Das as Independent Director
LYCOS and Slingshot Power Partner to Help Homeowners see the Benefits of Solar
Phillips Carbon Black Ltd to consider first quarter results on July 31, 2015
ACC Ltd suspends limestone mining operations at Chaibasa Cement Works
Reliance Industrial Infrastructure Ltd to consider Q1 results on July 13, 2015
Navin Fluorine International Ltd to consider quarterly results on July 29, 2015
Ricoh India Ltd calls for Board Meeting on July 10, 2015
Alankit Ltd Board to consider Stock Split
MPS Ltd Board to consider 1st Interim Dividend for 2015-16
Surana Corporation Ltd appoints Executive Director
ASM Technologies Ltd Fixes Book Closure for 2014-15 Final Dividend & AGM
United Credit Ltd Fixes Book Closure for 44th AGM
Hindustan Foods Ltd Fixes Book Closure for 30th AGM
Ortel Communications Ltd Fixes Book Closure for 20th AGM
Moil Ltd fixes price of manganese ore for the quarter July - September, 2015
Delta Corp Ltd to announce Q1 results on July 16, 2015
ZEN Technologies Ltd announces resignation of CFO
SM Dyechem Ltd announces resignation of Director
Trident Ltd Board to consider First Interim Dividend for 2015-16
Linde India Ltd restructures ECBs
Balmer Lawrie & Company Ltd announces closure of a manufacturing unit at Sewree. Mumbai
Bajaj Electricals Ltd to consider Q1 results on August 06, 2015
Usha Martin Ltd skips dividend for 2014-15
ZEN Technologies Ltd announces retirement of Independent Director
Ballarpur Industries Ltd to consider sale of Sabah Forest Industries Sdn, Bhd., Malaysia
Megasoft Ltd shifts Offshore Development Centre at Hyderabad
ICICI Bank Ltd allots 163500 Equity Shares
Clariant Chemicals (India) Ltd announces retirement of Director
Brahmaputra Infrastructure Ltd announces resignation of Whole Time Director
Ashapura Intimates Fashion Ltd opens Exclusive Brand Outlet at Ashok Nagar, Hyderabad
Beckons Industries Ltd to consider merger on July 13, 2015
Indusind Bank Ltd to announce Q1 results on July 13, 2015
Rupa & Company Ltd to issue commercial paper up to Rs. 100 crores
Vimta Labs Ltd appoints new CFO
SM Dyechem Ltd appoints Women Director
Next Mediaworks Ltd Fixes Book Closure for 34th AGM
Elecon Engineering Company Ltd Fixes Book Closure for Dividend & 55th AGM
Pradeep Metals Ltd Fixes Book Closure for Dividend & 32nd AGM
Rose Zinc Ltd appoints Director
WPIL Ltd Fixes Book Closure for Dividend & 61st AGM


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

disclaimer copyright © 2005 - 2014