Audit and Advisory firms are responsible for helping their clients deal with complex derivative issues related to derivative accounting standards, regulations and risk management best practices. In order to fulfill their duties, these firms need best-in-class valuation tools to deal with the myriad of different derivative instruments their clients hold, as well as advanced risk capabilities to support the risk advisory engagements they undertake.
Numerix provides Audit and Advisory firms with the solutions they need to accurately and quickly price any derivative, enabling consistent, repeatable and transparent valuations that Audit and Advisory firms – and their clients – can be confident in. Moreover, advanced risk analytics enable firms to assess clients’ market risk and counterparty risk levels and deal with constantly changing banking and financial service regulations.
|•||Support audit teams in validating client valuations for any type of derivative – from vanillas to exotics across all asset classes||•||Produce accurate fair values which comply with derivative accounting standards, using market-standard practices such as OIS discounting and collateral discounting|
|•||Validate client hedge accounting calculations or conduct hedge accounting advisory work||•||Perform risk advisory work, using industry-standard market risk and counterparty risk analytics such as VaR, Expected Shortfall, CVA, PFE, stress testing, scenario analysis and risk sensitivities/Greeks|
|•||Produce valuations to support a valuation service business||•||Produce post-trade valuations for fund NAVs and client reporting, and/or obtain independent valuations to validate NAVDeal with complex and changing accounting standards and financial service regulations, using cutting edge pricing and risk analytics which are constantly updated and flexible|