Key features of Verasis Server

Risk and regulatory management information requirements vary throughout an organisation. These variations exist both on horizontal and vertical axes.

Horizontally risk and regulatory frameworks span a number of primary areas. These include:

• Financial risk and regulation
• Credit risk and regulation
• Accounting policy and international standards

Verasis Server incorporates functionality designed specifically to cater for the needs of both internal management and external regulation in each of these areas. It is based on standards set by the regulators and allows banks to meet reporting and regulatory requirements from a single system.

Vertically time, detail and granularity frameworks vary by target audience, from senior management and external regulators, through mid-level management, to individual trading desks.

Verasis Server provides all users at all levels the information they need in a single system, all organised and presented to suit their individual perspectives and responsibilities, without unnecessary extraneous data. Features include:

Enterprise-level market risk

VaR, back testing, stress testing, scenario analysis, VaR decomposition and standard sensitivity measures. Limits can be set and managed on any risk measure.

Wide breadth and scope of product

Includes vanilla linear instruments, linear derivatives and exotic options.

Event-driven and timely information, when and how you want it

Retrieves updates on current trading events, accurately reflecting current positions. Selective risk performance and accuracy analysis, with fast approximations through to overnight batch runs.

Handles high volumes with accuracy and speed

Scaleable architecture meets the demands of risk calculation and processing for the largest portfolios. Also scaleable to multiple inter-connected centres worldwide, providing local as well as enterprise-wide risk consolidation.

Advanced analytics

Historical Monte Carlo engine enables you to specify arbitrary profiles while ensuring internal consistency. A variety of analytics facilitate curve creation and volatility generation.

Back-testing

Full back-testing of all VaR measures over user-specified confidence intervals and holding periods.

Market data and risk analysis warehousing

Data needed for VaR calculations is captured and managed via historical market and trade data warehouses. This enables risk factors and measures such as market rates and volatilities to be saved in an efficient relational format, all on a daily basis.

Drill-down capability

All risk results can be broken down along business structure and attributed to sources within the portfolio. Data can be tracked back down to trade level detail and all results can be graphed, printed as table reports, or extracted for further analysis and distribution.

VaR decomposition

Supports analysis to understand the change in VaR within a period attributed to 1) portfolio movements, 2) market movements and 3) VaR statistical changes. The analysis gives risk managers insight and explanation as to why the VaR values have changed in a given period.

Rapid development architecture

Verasis Grid.XML© architecture allows multiple sources of data/client interfaces via XML, also enabling solution enhancements to meet specific client requirements.

Fast and extended reporting and communication capabilities

Enables in-depth information to be administered centrally and distributed across the organisation. Recipients can review the underlying data, drill-down and apply further analysis before republishing to an audience of choice.

This enables a dynamic organisational approach to shifting business scenarios. Users can also define and create their own customised reports, using the latest design and deployment tools. These include various export and production options such as Microsoft Excel™ and Crystal Enterprise™.