Audit

Top audit firms around the world use Numerix analytics to accurately verify client portfolios that include a wide range of complex derivative assets.

With Numerix, auditors can represent and value any type of derivative or structured product using our flexible object-oriented pricing architecture, proprietary scripting language and a comprehensive library of models and methods. Numerix provides even more value when both the audit firm and their clients use Numerix analytics, providing a consistent and transparent method for recording and valuing securities throughout a deal's lifecycle.

Key Benefits

• Efficient pricing and risk calculations using the industry's most expansive library of market-tested models and optimized numerical methods
   
• Includes support for fixed income, inflation, credit, equity, FX and commodities, as well as hybrid structures
   
• Numerix's proprietary scripting language allows the user to define arbitrary payoff shedules and bespoke deal structures
   
• Fine-tune model calibrations for assessing and validating client models
   
• Archive and restore all information about a deal using Numerix XML technology — increasing workflow efficiency and reducing operational risk

		Numerix’s deal-scripting language is a powerful and transparent way for users to define complex instruments (click image to view full sample deal script)

Enhanced Deal Portability with Numerix XML
Clients that use Numerix make the auditing process significantly more efficient due to a powerful Numerix benefit: the ability to easily reconstruct deals in Excel at any future date.

Deals structured with Numerix solutions can be archived in self-contained Numerix XML files that capture all inputs in the valuation process, such as market data, model calibration and assumptions, calendars and the trade definition. With these files, auditors can easily rehydrate the deals in Excel and reprice them using historical data — all without the aid of IT or the need to reconstruct pricing environments.

Numerix Solutions for Auditors
We offer Numerix analytics through scalable stand-alone applications, consulting services and as an integrated solution for your proprietary platform.