In other FinTech items, the Bank of England tests a new function from Wolters Kluwer and OTAS partners with Wall Street Horizon.
Numerix Expands Oneview Risk Application
Numerix, a vendor of cross-asset analytics for derivatives valuations and risk management, has just released a solution that is an expansion of its Oneview Risk application to help banks comply with the Basel Committee’s regulatory requirement for Counterparty Credit Risk (SA-CCR) Capital in time for the January 2017 implementation deadline, vendor officials say.
Oneview Risk users are able to assess expected exposure, expected positive exposure and potential future exposure, as well as exposure at default “alongside calculations for Capital SA-CCR,” Numerix officials say. “SA-CCR numbers can be leveraged within several other regulatory reporting calculations including the Basel III CVA Capital Charge and the BA-CVA (Basic Approach) for determining capital for counterparty spread.”
The expansion of the Oneview Risk offering “is underpinned by the Numerix Oneview Enterprise platform, its solutions for SA-CCR, Capital Valuation Adjustment (CVA) Basel III Capital and KVA are available within,” according to Numerix.
“In today’s market, a grasp of how the marginal risk of a potential trade impacts the overall capital requirements is critical to making informed trading decisions,” says Satyam Kancharla, chief strategy officer at Numerix, in a prepared statement.
Knowing more about marginal risk “also provides guidance on how to reflect the associated capital utilization in the pricing of trades,” Kancharla says. “But the capital regulations can be difficult to navigate and must be well understood before tackling complex computations such as trade-level KVA.”
SA-CCR, built on the Numerix core CrossAsset analytics model library and calculation engine, “adds to the existing risk modules as part of Oneview,” says Steve O’Hanlon, CEO of Numerix, in a statement.
Bank of England Tests Wolters Kluwer’s New Function for MMSR
A new function of Wolters Kluwer’s OneSumX Regulatory Reporting, Transaction Reporting for Daily Sterling Money Market Statistical Reporting (MMSR), has been tested by the Bank of England (BoE) and is already being used by early adopters picked by the BoE, vendor officials say.
The ISO 20022-compliant function will be offered to new and existing customers, vendor officials say.
“Early Adopters are already required to submit to the BoE on a regular basis prior to the full market go-live for in-scope firms on July 1, 2016,” according to Wolters Kluwer. “Wolters Kluwer will update the content in terms of the reporting items, validation and XML submission requirements with any changes published by the BoE through the firm’s Regulatory Update Service. This unique service is maintained by Wolters Kluwer experts who actively monitor regulation in approximately 50 countries, helping to ensure the solution is current at all times.”
“In 2014, the size of the Euro money market was estimated through the annual Money Market Survey (MMS) to be almost €80 trillion with 80% comprised of secured and unsecured lending, FX Swaps and Euro Overnight Index Swaps (OIS),” according to Wolters Kluwer. “In the U.K., the Sterling Overnight Index Average (SONIA) is a critical benchmark referenced in £10 trillion OIS contracts and underpins the valuation of £35 trillion swap transactions.”
“Firms are pressed for time to prepare for Daily Sterling MMSR requirements,” says Richard Bennett, vice president, regulatory reporting, for EMEA at Wolters Kluwer in a statement.
OTAS Partners with Wall Street Horizon for Decision Support Tool
OTAS Technologies (OTAS), a specialist provider of market analytics and trader intelligence, is partnering with Wall Street Horizon, a corporate event dates and information vendor, to create a decision support solution for investment and trading clients, say officials from both vendors.
The partnership will enable Wall Street Horizon’s corporate event information to be made available through OTAS’s Portfolio Analytics application, officials say.
The Wall Street Horizon’s expanding set of event datasets include earnings dates, dividend dates, options expiration dates, splits, spinoffs and a wide variety of investor-related conferences, officials say.
These datasets combined with OTAS’s analytics are intended to enable clients “to confidently capitalize on event related volatility or avoid its risks,” officials say.
“We are constantly striving to streamline our clients’ trading workflows and provide them with the information needed to make the fastest and most informed decisions,” said Tom Doris, CEO of OTAS Technologies, in a prepared statement. “Wall Street Horizon was an obvious partner for us as they share this mission and go to great lengths to ensure their data is the most accurate available.”
Need a Reprint?