Key Features of Verasis Risk

  • A global view of financial risks affecting your enterprise
  • Reduced capital requirement
  • Reduced margin/collateral against CSA agreements
  • Better informed risk management…better quality reports more often
  • Better informed trading
  • Regulatory compliance through standard approaches to deliver the Internal Models Method (IMM):
    • Expected and Unexpected Credit – CCR, CVA, EE, EPE, LGD
    • Liquidity – ILAS, LCR, NSFR
    • Market – Interest, FX and Vol Sensitivity; Historical Simulation and Monte Carlo VaR
  • Reduced daily workload due to automated report generation
  • Reduced IT costs
  • Single platform synergies – consistency, single cost, standardised methodology
Horizontal and vertical

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

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

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

Verasis Risk 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.

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

Verasis Risk delivers 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 and credit risk

CCR, CVA, VaR, Back Testing, Stress Testing and Scenario Analysis (Interest/ FX/Vol), Collateral Management, Liquidity, ALM and Hedge Effectiveness. 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.

High volumes handled with accuracy and speed

Scalable architecture meets the demands of risk calculation and processing for the largest portfolios. Also scalable 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.

Full drill-down capability

All risk results can be broken down to the lowest level of granularity 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.

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™.


Supports interactive Reporting Dashboards, to display cross discipline risk/exposure analysis at the portfolio level.

Multiple Pricing Curves

Advanced yield curve functionality providing the ability to define a range of curves by currency, including Funding Curves, Pricing Curves, Interest Basis Curves, Cross Currency Basis Curves, Ratings/Counterparty/Credit Curves, Shift and Spread Curves.

Providing the ability to allocate different curves for discounting and rate implication purposes and the ability to allocate curves at trade, rate code, or currency levels.

Shift and Stress Scenario

Fully flexible stress/scenario approach, allowing for the definition of multiple shift and stress market data scenarios, to meet management and regulatory stress testing and scenario planning.

Balance Sheet and Business Modelling

Business modelling to test and/or stress business assumptions and idiosyncratic risks.