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Post-trade specialist TriOptima has announced the launch of triQuantify, its new service for the analysis and calculation of counterparty risk management.
Powered by Global Valuation Limited software, the new service will be integrated with triResolve, and is expected to launch later this year. The platform will offer functionality for over-the-counter (OTC) derivatives risk metrics such as credit valuation adjustment, funding valuation adjustment, potential future exposure and related areas, including regulatory capital calculation, using parallelized computing grids for enhanced numerical firepower. It can be taken as an integrated service to validate existing benchmarks, or as an outsourced risk service.
"The financial crisis in 2008 revealed shortcomings in the risk models used at the time," says Per Sjoberg, CEO at TriOptima. "Both banks and regulators are now looking for more accurate and realistic models. We are convinced that the novel approach used by GVL will mean a leap forward in the modeling of these risks. We anticipate that many types of institutions with OTC derivative portfolios will find triQuantify meets both broad and specific risk modeling requirements."
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