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.
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.
The release is scheduled at the end of March, 2016.