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Numerix, the independent service provider of cross-asset analytics for the structuring, pricing and risk evaluation of derivatives and structured products, along with CDO Software, a provider of CDO and CLO portfolio management tools, announced their partnership to offer integrated “Numerix Powered” pricing and risk solutions within the CDO Tools™ application suite.
Users of the CDO Tools™ suite, including portfolio managers, investors, risk managers and trustees in the credit markets, will be able to access the extensive Numerix CrossAsset library of independent pricing models and methods to price and generate risk sensitivities across synthetic CDO and CLO instruments.
The flexibility of the Numerix CrossAsset library allows users to calculate risk analytics by specifying the
copula type, correlation model and base correlations from reference deals.
“The integration of Numerix analytics within the CDO Tools™ application suite offers users a powerful and robust pricing and risk solution. The wide variety of available models means users can now value virtually any credit product using Numerix’s different methodologies and custom model calibrations. We look forward to a successful partnership with CDO software,” says Steven R. O’Hanlon, president and COO of Numerix.
“The ability to seamlessly run Numerix analytics, stress scenarios and automatically generate risk reports within our CDO Tools™ platform will enable users to analyse information from several perspectives and give firms in the market a transparent understanding of where their real risks and values lie,” says said Sunay Shah, CEO and co-founder of CDO Software. *