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:

Bajaj Electricals partners with IFSC as the lead sponsor
IDFC Limited appoints Sunil Kakar as MD & CEO
V-Mart Retail Ltd opens new store in UP
CES Ltd announces resignation of Director
Premco Global Limited Fixes Book Closure For Final Dividend & 33rd AGM
Dhunseri Petrochem Ltd increases stake in associate company
Enkei Wheels India Ltd Fixes Book Closure for 8th AGM
Royal Orchid Hotels adds 1 more hotels to its Portfolio
Amtek Auto Ltd approves appointment of President and Group CFO
Vedanta Limited Fixes Book Closure for 52nd AGM
Vindhya Telelinks Ltd Fixes Book Closure for Dividend & 34th AGM
Capri Global Capital Limited Fixes Book Closure for Final Dividend & 23rd AGM
Birla Cable Ltd Fixes Book Closure for 25th AGM
Balkrishna Paper Mills Ltd Fixes Book Closure for 4th AGM
Atishay Ltd Fixes Book Closure for 17th AGM
Basant Agro Tech India Ltd announces demise of Independent Director
SSK Lifestyles Limited acquires 100% in company engaged in areas of Pro-biotics
Asian Paints introduces "Signature Look"
Automotive Stampings and Assemblies Ltd calls for Board Meeting on July 28, 2017
Infosys Settlement with New York Attorney General
Mahindra & Mahindra Financial Services Ltd calls for Meeting on June 29, 2017
United Van Der Horst Ltd announces resignation of independent director
IFGL Refractories Ltd announces merge of subsidiaries in Germany
Royale Manor Hotels and Industries Limited calls for Board Meeting on June 30, 2017
Crest Ventures Limited increases stake in Crest Wealth Management Private Limited to 62%
Capri Global Capital Limited Book Closure For Dividend & 23rd AGM
Religare Enterprises Ltd calls for Board Meeting on June 29, 2017
Mangalam Industrial Finance Ltd approves voluntary delisting from Calcutta Stock Exchange
Thirani Projects Ltd approves voluntary delisting from Calcutta Stock Exchange
JLF invokes S4A scheme for Bajaj Hindusthan Sugar Ltd
Bombay Burmah Trading Corporation Ltd issues commercial paper of Rs. 50 crores
Ajay Prakash Sawhney ceases to be Director of Indian Oil Corporation Ltd
Ceat Ltd approves investment in Tyresnmore Online Pvt Ltd
B&A Packaging India Limited announces resignation of CFO
Hind Aluminium Industries Ltd announces resignation of Independent Director
BHEL registers significant increase in Intellectual Capital
TCS Ranked as a Top Employer of US Talent in the IT Services Sector
Aruna Hotels Limited calls for Board Meeting on June 30, 2017
Pincon Lifestyle Ltd calls for Board Meeting on June 29, 2017
Veto Switchgears and Cables receives order
KGN INDUSTRIES LTD approves appointment of KMP
TV Today Network Ltd invests in Mail Today Newspapers Pvt Ltd
Rishiroop Ltd assigned CRISIL A3+ rating for NCRPS
Sinclairs Hotels Ltd Board accepts resignation of 4 directors
Sanwaria Agro Oils Ltd to consider first quarter results on July 7, 2017
Zuari Agro Chemicals Ltd Fixes Book Closure for 2016-17 Dividend & AGM
Texel Industries Ltd appoints CFO
Tata Capital withdraws winding up petition against 3i Infotech Ltd
Modison Metals Ltd Fixes Book Closure for 2016-17 AGM
Kabra Extrusiontechnik Ltd Fixes Book Closure for Dividend & 34th AGM


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

disclaimer copyright © 2005 - 2017