Dubbed JuliusOne, the product will deliver independent valuations and identify risk in client portfolios by simulating defaults by companies in the CDX and iTraxx indexes by calculating the value of those companies at the time they default on a hypothetical future date, says Peter Cotton, chief executive of Julius Finance. Clients can verify a valuation by examining the supporting data and averaging the present value of cash flows for all scenarios, he says.
JuliusOne determines the "time of
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.Subscribe to Weekly Wrap emails