SINGAPORE – 17 FEBRUARY 2012 – Numerical Technologies, a leading provider of financial risk management software, announced today the release of NtInsight® for Market and Credit Risk 8.0.5. NtInsight® for Market and Credit Risk is a risk management system that calculates integrated VaR and the correlation effect among market risk and credit risk factors.
In the new version, the historical simulation feature of NtInsight® for Market and Credit Risk has been enhanced to support historical risk factor scenarios created outside of the NtInsight® system, giving risk managers greater flexibility when preparing and designing risk factor scenarios. The new version also implements the Basel III asset value correlation multiplier for exposures to large financial institutions, which promotes a banking system that is more resilient to counterparty risks.
Numerical Technologies is a financial risk management software company and consulting firm that specializes in high-performance computing (HPC), parallel Monte Carlo simulation, and financial modeling. Since 1998, we have been helping some of the largest banks and insurance companies globally to quantify risk, identify opportunities, and meet economic and regulatory capital requirements. Numerical Technologies holds office in Singapore and Tokyo.