Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
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
Trinity Investments
Exchange Information
BSE 2009 Holidays
NSE 2009 Holidays
Investor Guide
Depository & Dematerialisation
Grievance Redressal
Investor Guide
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
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
Market Whispers
Tax Planning
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

Other Headlines:

Saumya Capital Ltd appoints women director
Perfectpac Ltd appoints Woman Director
Parrys Sugar Industries Ltd to consider financial results on Apr 24, 2015
GIVO Ltd announces demise of Director
S.E.INVESTMENTS LTD. Board recommends Dividend of Rs. 1
Sinclairs Hotels Ltd appoints S C Sekhar as Director
Rasi Electrodes Ltd appoints additional director
NTPC Ltd commissions Unit 3 of 200 MW of Koldam Hydro Power Project
Vice Chairman K D Bhat resigns from PHIL Corporation Ltd
Can Fin Homes Ltd appoints Smt. Veena G Kamath as Company Secretary
GVK Power & Infrastructure Ltd arm commissions first unit of 82.50 MW
VLS Finance Ltd announces demise of Director
Archana Software Ltd appoints women director
Magnum Ltd appoints additional director
Starvox Electronics Ltd appoints woman independent director
MCA passes draft assessment order in the matter of proposed amalgamation of NSEL with FTIL
Ramco Systems Ltd to consider financial results on Apr 20, 2015
Thomas Cook (India) Ltd appoints independent director
Great Eastern Shipping Company Ltd to consider FY15 results on May 07, 2015
Glenmark Pharmaceuticals Ltd files Scheme of Amalgamation with ROC
Real Realty Management Company Ltd appoints Woman Director
Alkali Metals Ltd announces resignation of Company Secretary & Compliance Officer
Satguru Corporate Services Pvt Ltd approves conversion of NCDs
Mount Shivalik Industries Ltd calls for Board Meeting on April 20, 2015
Hinduja Finance Ltd appoints additional director
Transgene Biotek Ltd calls for Board Meeting on April 17, 2015
Essar Securities Ltd announces resignation of Director
Mercator Ltd announces resignation of Company Secretary
TCM LTD. appoints director
Inani Marbles & Industries Ltd appoints woman director
Director resigns from PH Trading Ltd
Whole-time Director resigns from Filtron Engineers Ltd
Neyveli Lignite Corporation Ltd clarifies on MoU with Kobe Steel
Director resigns from Shree Ganesh Jewellery House (I) Ltd
Jupiter Infomedia Ltd to file application for migration to main board of BSE
Arcee Industries Ltd appoints Compliance Officer
Goa Carbon Ltd Board to consider Dividend for 2014-15
Sah Petroleums Ltd calls for Board Meeting on April 14, 2015
Walchand Peoplefirst Ltd announces demise of Director
Ramkrishna Forgings Ltd Board to consider Dividend for 2014-15
Merchant Banking activities transferred to IIFL Holdings Ltd
Pincon Spirit Ltd files for listing in NSE
Southern Latex Ltd approves change in Company Secretary & Compliance Officer
Zylog Systems Ltd calls for Board Meeting on April 17, 2015
Hindustan Copper Ltd approves formation of JV
Eastern Gases Ltd clarifies on increase in share price
Anna Infrastructures Ltd approves appointment of independent director
Bedmutha Industries Ltd restructures bank loan
Mukesh Patel expresses inability to be appointed as Independent Director of Aimco Pesticides Ltd
Srinivasa Hatcheries Ltd clarifies on delisting process

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

disclaimer copyright © 2005 - 2014