News from 2006

Wholesale and retail interface released for beta testing

The Verasis Risk 2.2 Sensitivity module has been released for beta testing. This provides front, middle and back offices with a fast, flexible and accurate means to establish sensitivity to user-defined shifts in market data. It operates across an extensive range of vanilla and derivative trades (linear and option based) and interfaces with wholesale and retail systems. These include Verasis Trade Finance, Misys OPICS, and TEMENOS T24.

AIBC Dublin adopts latest Mark-to-Market module

The Verasis Risk 2.1 MTM module has gone live at a leading European bank. It is being used for calculation of MTM and Greeks of European and Bermudan Swaptions maintained in third-party treasury trading systems.

Hedge Effectiveness module supports Cash Flow and Fair Value business

The Verasis Risk 2.0 HE module (phase 1) has gone live. This follows an extensive development and testing programme, which was completed on time and on budget. The HE application provides the full range of requirements for Cash Flow and Fair Value business.

These include:

  • Retail balance interface, behaviour modelling and adjustment
  • Hedge/derivative trade interface
  • Relationship allocation and hypothetical trade generation
  • Prospective, retrospective testing: regression analysis and validation
  • Effectiveness calculation

Development of phases 2 and 3 of the Verasis Risk 2.0 HE module is underway. These will provide additional relationships and full accounting.

State-of-the-art support to business layer of Verasis applications

With the completion of Verasis Platform 2.0, migration of the full suite of Verasis software has commenced. The platform combines object-oriented development, with a service-oriented architecture. This provides a state-of-the-art and future-proof technical layer, which supports the business layer of all Verasis applications.

Leading European bank adopts VAR module

One of Europe’s fastest growing banks, AIBC Dublin, has gone live with the VAR module of Verasis Risk 1.0. This Historical and Monte Carlo simulation-based solution provides fully integrated back-testing, stress testing and reporting. It complies fully with Pillars 1 & 2 of the Basel II market risk requirements.

 

If you would like more general information on Veratec or Verasis, please contact us on +44 (0)20 7375 1000, or email us at info@verasis.com.

Veratec Ltd does NOT claim any ownership of FRONT ARENA. FRONT ARENA is the property of the SunGard Data Systems Inc group of companies. Veratec Ltd is not linked to or endorsed by SunGard Data Systems Inc. Nothing on this website shall grant or purports to grant any rights in or licences to use FRONT ARENA.

Veratec Ltd does NOT claim any ownership of OPICS. OPICS is the property of members of the Misys plc group of companies. Veratec Ltd is not linked to or endorsed by Misys plc. Nothing on this website shall grant or purports to grant any rights in or licences to use OPICS.

Veratec Ltd does NOT claim any ownership of TEMENOS T24. TEMENOS T24 is the property of members of the TEMENOS group of companies. Veratec Ltd is not linked to or endorsed by TEMENOS. Nothing on this website shall grant or purports to grant any rights in or licences to use TEMENOS T24.