Wolters Kluwer Financial Services aids Caisse des DA(c)pA'ts et Consignations calculate market risk.
M2 EQUITYBITES-March 6, 2015-Wolters Kluwer Financial Services aids Caisse des DA(c)pA'ts et Consignations calculate market risk
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Wolters Kluwer Financial Services announced on Thursday that it has formed a partnership with Caisse des Depots et Consignations (CDC), a public financial institution specialising in funding governmental projects, to help manage CDC's assets and liabilities and calculate market risk in its banking book.
Financial details of this association were not available.
According to the company with its OneSumX Financial Risk solution, CDC has been able to calculate Value at Risk (VaR) at a confidence level of 99.99% in less than 24 hours using dynamic Monte Carlo simulations with up to one million scenarios.
CDC has deployed OneSumX in a grid architecture using hundreds of calculation nodes simultaneously. The performance levels CDC has realized goes beyond the recommendation from the French financial services regulatory body.
Wolters Kluwer Financial Services, a provider of risk management, compliance, finance and audit solutions, is a part of Wolters Kluwer (AEX:WKL.AS).
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