Verasis Risk Licensing
Verasis Risk may be licensed specifically, to cater for the level of complexity of products traded by a financial institution, while also allowing separate functional components to be added to the Core, as and when required, by the needs of the business.
This 2 dimensional approach to licensing, aims to give the business the most appropriate and relevant system, to satisfy risk and regulatory requirements, while also getting the most out of the budget spend.
Level options |
Level 1 |
Level 2 |
Level 3 |
Basic Linear Instruments
Money Market
FX
Fixed Income |
Basic Linear Instruments
Money Market
FX
Fixed Income |
Basic Linear Instruments
Money Market
FX
Fixed Income |
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Linear Derivatives
Swaps
FRAs
Futures |
Linear Derivatives
Swaps
FRAs
Futures |
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Options
Caps/Floors
European Swaptions
Bermudan Swaption
FX Options
Exotic Fx Options |
Additional components (all levels) |
VAR |
Sensitivity |
ALM |
Mark to Market |
Credit |
Liquidity |
IAS 39 – Hedge Effectiveness |
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Core composition (all levels) |
Valuation Engine |
User Desktop |
VAR Reporting |
Profiling function |
Reference Data function |
Run scheduler |
Security |
Logging |
System Administrator |
Trade Data Warehouse |
Market Data Warehouse |
Trades Interface |
Market Data Interface |
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