Published On: Wed, Feb 23rd, 2011

Yuanta Financial Holdings Chooses Numerix Advanced Risk

Numerix, the leading provider of cross-asset analytics for derivatives valuations and risk management, announced February 22 that Yuanta Financial Holdings has chosen Numerix Advanced Risk for Portfolio to be used within its risk management department. Yuanta has been a direct client of Numerix since March of 2008, with the successful implementation and deployment of Numerix Bloomberg Edition (NBE).

Numerix Advanced Risk enables Yuanta to effectively manage, monitor and report on market risk exposure for their entire range of portfolios including banking, securities and asset management groups, across all asset classes including vanilla instruments, semi-exotics, exotics and structured products on one consolidated platform. With Numerix Advanced Risk, Yuanta can aggregate risk, drill-down across all trades and rapidly price and calculate mark-to-model as well as historical and Monte Carlo Value-at-Risk (MC VaR) computations for all OTC derivatives and structured products.

Numerix’s ability to accurately price any financial instrument, including semi-exotics and exotics and offer the broadest product coverage possible, were key factors in Yuanta’s decision to further its customer relationship with Numerix. Yuanta also plans to implement Numerix’s Counter-Party Risk functionality in the near term.

“Two years ago we chose to embed Numerix pricing and risk management tools within our organization,” said Connie Lin, Chief Risk Officer at Yuanta Financial Holdings. “We are pleased with the outcome of that decision and also with Numerix’s ability to offer valuations on our entire range of portfolios, including semiexotic and exotic instruments. We look forward to expanding our relationship with Numerix to now include market risk and Value-at-Risk (VaR) calculations and reporting capabilities as part of our daily risk management operations.”

“We are pleased that Yuanta has chosen to expand upon its client relationship with Numerix and we look forward to assisting them in the overall enhancement of their firm-wide risk management efforts,” said Steven R. O’Hanlon, President and COO at Numerix. “The implementation of Numerix Portfolio for Market Risk demonstrates our continued commitment to provide our clients with the sophisticated desk-level analytics and total product coverage they need to effectively analyze and manage risk in today’s marketplace.”

“After the events of 2008 and 2009 and the ensuing focus on rigorous risk management practices and accurate pricing of assets, Celent is witnessing strong demand for flexible analytics and portfolio risk solutions for derivatives and structured products such as the solution suite from Numerix,” states Dr. M.Habbal, Senior Vice President, Head of Securities & Investments, Celent.

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