SINGAPORE – 23 MARCH 2012 – Numerical Technologies today announced the latest release of NtInsight® for Market and Credit Risk, a financial risk management software that helps banks and insurance firms measure and manage integrated value-at-risk (VaR), and comply with the Basel III capital requirement. The updated NtInsight® for Market and Credit Risk offers risk managers greater control, precision, and transparency over their data and the VaR calculation process.
Key Features
- Enhanced Monte Carlo Simulation – risk managers now have the ability to create risk factor scenarios outside of the NtInsight® system and use these to override some or all of the scenarios generated through NtInsight®. This gives risk managers unparalleled control over their stress test data combinations and preconditions when calculating VaR through the Monte Carlo simulation method.
- Enhanced Profit/Loss Aggregation – the latest NtInsight® for Market and Credit Risk supports mixed-method profit/loss aggregation. With this feature, risk managers can specify a different accounting rule—either historical cost or mark-to-market—for each contract in the portfolio. VaRs calculated in this mode provide more precise approximation of actual financial accounting P&L.
- Enhanced Access to Input Data and Conditions – the enhanced user interface allows risk managers to view their input data from within the NtInsight® system. In addition, fundamental calculation conditions, such as the accounting method used, are now available on all output worksheets. The enhanced interface increases access to information, promotes a more transparent risk calculation process, and eases validation.
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.