22 FEBRUARY 2016 – Following the Bank of Japan’s launch of negative interest rates on January 29, the JGB 10-year yield first fell below zero on February 9. Finally on February 17, the uncollateralized overnight call rate in Japan became negative. Keeping a close look in the market, Numerical Technologies is currently promoting countermeasure regarding this sudden change in the following aspects:
Negative interest rate supported by NtInsight®
Having foreseen negative interest rate as one of the extreme but plausible economic environments, Numerical Technologies has kept the system compatible with negative interest rates for majority of its features. A new update will be released for the currently unsupported financial instruments shortly.
Customer support
For our existing clients, Numerical Technologies will be responsible for the software updating at no additional charge and put a high priority on the task.
Release date
The release is scheduled at the end of March, 2016.
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.