Press Detail

New York, NY – June 4, 2012 – Numerix (www.numerix.com), the leading provider of cross-asset analytics for derivatives valuations and risk management, its strategic partner Microsoft and the Professional Risk Managers' International Association (PRMIA), today unveiled their plans to host a series of executive industry forums focused on CVA (Credit Value Adjustment).  These global forums will bring together industry leaders to discuss thetrading, quantitative and technological challenges banks face in CVA implementation for both vanilla and exotic derivatives under the Basel III framework.

The CVA Roadshow kicked-off with a successful event at New York City’s Harvard Club on April 10 with over 100 industry professionals in attendance. In June additional events will be hosted in Milan, Frankfurt, Vienna and Paris, with forthcoming forums scheduled for Fall 2012 in several additional locations including Beijing and London.

“As the market leader in the cross-asset analytics space, we consider it our responsibility to help the industry fully understand the broad-reaching implications of CVA, as well as practical implementation solutions,” said Steve O’Hanlon, President & COO of Numerix. “We’re proud of the initiative we’ve taken alongside Microsoft and PRMIA with regard to this important and complex regulatory requirement.  With theBasel III CVA deadline fast approaching, there’s no better time to launch a thought-provoking event series which provides actionable insights on CVA best practice from the regulatory, quantitative, trading, and technology perspectives.”

Follow the CVA Roadshow conversation and the latest from Numerix at:
Twitter: @nxanalyticshashtag: #CVAForum
LinkedIn Group: Numerix CVA Forum

The CVA Roadshow: Key Dates, Cities and Speakers

Presentations will include thought provoking discussion and interactive Q&A sessions around:

• The regulatory and business drivers for cross asset, real-time CVA
• Basel III and its ramifications for European,  U.S. and Asia Pacific market participants
• CVA VaR (Value-at-Risk)
• DVA/FVA (Debt Value Adjustment / Fund Value Adjustment)
• The quantitative and trading implications for CVA
• Real-time pre-trade analysis with CVA
• The technology implications of measuring CVA
• Data aggregation challenges
• Performance and scalability expectations

June 19, 2012 – Milan: Agenda & Registration

• Alexander Sokol, CEO,CompatibL & formerly ofNumerix (founder)
• Rita Gnutti, Head of Internal Model Market and Counterparty Risk, Intesa San Paolo
• Gianluca Liparoti, Financial Services Development Manager, Microsoft Italy
• Emanuela Poerio, Head of Risk Control, Unicredit
• Emerico Amari, Regional Director, PRMIA Italy

June 21, 2012 – Frankfurt: Agenda & Registration

• Alexander Sokol, CEO,CompatibL & formerly ofNumerix (founder)
• Jürgen Engelhardt, Department Director, CVA Desk and OTC Margining Bayerische Landesbank
• Detlev Zwiener, Industry Manager Financial Services, Microsoft Germany
• Dr. Ralf Werner, Professor of Applied Science, Munich University

June 26, 2012 – Vienna: Agenda & Registration

• Alexander Sokol, CEO,CompatibL & formerly ofNumerix (founder)
• Dirk Stemmer, Senior Manager, Leader CVA Market Initiative, Deloitte Germany
• George Ahbel, Principal Platform Specialist Financial Services, Microsoft Austria

June 28, 2012 – Paris: Agenda & Registration

• Denny Yu, Product Manager Risk, Client Solutions Group, Numerix
• Nicolas Thevenet, Regional Sales Manager, France, Belgium, Luxembourg and Iberia, Numerix
• Gilles Artaud, Head of Counterparty Credit Risk, Credit Agricole CIB
• Guillaume Ledoigt, Financial Services Development Manager,Microsoft France
• Christian Jimenez, Regional Director, PRMIA Paris