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:

Zodiac Ventures Ltd Board to consider Dividend for 2014-15
Lakshmi Overseas Industries Ltd Board to consider Dividend for 2014-15
Reliance Communications Ltd clarifies on tower sale
Sharda Cropchem Ltd to consider financial results on May 30, 2015
Ramco Systems Ltd delists from Madras Stock Exchange Ltd
Marksans Pharma Ltd Board to consider Dividend for 2014-15
Aarti Drugs Ltd Board recommends Final Dividend of Rs. 3 for 2014-15
Jeypore Sugar Company Ltd Board to consider Dividend for 2014-15
Shree Manufacturing Company Ltd to announce yearly results on May 25, 2015
Medicamen Biotech Ltd to consider Q4 results on May 30, 2015
Shree Krishna Paper Mills & Industries Ltd to consider annual financial results on May 30, 2015
Monnet Ispat & Energy Ltd to announce annual results on May 29, 2015
Saboo Sodium Chloro Ltd to announce financial results on May 29, 2015
Tirupati Fincorp Ltd to consider quarterly results on May 29, 2015
Bajaj Finserv Ltd reports Q4 net profit of Rs. 707.12 crores
Manaksia Aluminium Company Ltd to consider financial results on May 30, 2015
Hitachi Home & Life Solutions (India) Ltd Board to consider Dividend for 2014-15
DCW Ltd commences commercial production of Synthetic Iron Oxide Pigments
JVL Agro Industries Ltd Board to consider Dividend for 2014-15
Bajaj Finserv Ltd Board recommends Dividend of Rs. 1.75 for 2014-15
Petronet LNG Ltd approves appointment of Directors
Manaksia Industries Ltd to consider financial results on May 30, 2015
Future Market Networks Ltd to consider FY15 results on May 30, 2015
Shiva Global Agro Industries Ltd Board to consider Dividend for 2014-15
Inventure Growth & Securities Ltd to consider financial results on May 30, 2015
Ramco Systems Ltd to consider quarterly results on May 29, 2015
Vijay Shanthi Builders Ltd to consider annual results on May 29, 2015
Krypton Industries Ltd to consider financial results on May 30, 2015
Gabriel India Ltd Board recommends Final Dividend of Rs. 0.60 for 2014-15
OCL Iron and Steel Ltd calls for Board Meeting on May 29, 2015
Kesar Enterprises Ltd announces change in Directorate
Future Lifestyle Fashions Ltd Board recommends Dividend of Rs. 0.40 for 2014-15
Drillco Metal Carbides Ltd appoints CFO, Company Secretary
Sunflag Iron & Steel Company Ltd to consider Q4 results on May 30, 2015
Emco Ltd Board to consider Dividend for 2014-15
Manaksia Coated Metals & Industries Ltd to consider annual accounts on May 30, 2015
Bengal & Assam Company Ltd Board to consider Dividend for 2014-15
KIC Metaliks Ltd calls for Board Meeting on May 30, 2015
Power Finance Corporation Ltd to announce FY15 results on May 28, 2015
Som Distilleries & Breweries Ltd Board to consider Dividend for 2014-15
Geojit BNP Paribas Financial Services Ltd Board recommends Final Dividend of Rs. 1.75 for 2014-15
Suzlon Energy Ltd to announce FY15 results on May 29, 2015
SMS Pharmaceuticals Ltd Board to consider Dividend for 2014-15
Shree Global Tradefin Ltd to consider annual results on May 27, 2015
Cals Refineries Ltd to consider financial results on May 29, 2015
CESC Ltd clarifies on Balagarh project
Competent Automobiles Company Ltd Board to consider Dividend for 2014-15
Archies Ltd Board recommends Final Dividend of Rs. 0.30 for 2014-15
SKM Egg Products Export (India) Ltd Board recommends Dividend of Rs. 1 for 2014-15
Orosil Smiths India Ltd to consider financial results on May 28, 2015


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

disclaimer copyright © 2005 - 2014