Anyone who manages or deals with CDOs today knows the importance of accurate pricing and risk analysis. Over and over, we’ve seen institutions looking for a better way to model these complex instruments in order to gain a better understanding of their portfolio’s value. To help them accomplish this goal, a new “Numerix Powered” solution is available that specifically addresses the challenges of the synthetic CDO and CLO market.
This week, we announced a partnership with CDO Software that will enable financial professionals to value virtually any credit product. Using the Numerix CrossAsset SDK, the company has integrated Numerix’s extensive library of market-validated models and optimized numerical methods into their CDO ToolsTM suite. With this solution, portfolio managers, investors, risk managers and trustees in the credit markets now have the flexibility to calculate risk by specifying the copula type, correlation model and base correlations from reference deals.
Said Sunay Shah, CEO and co-founder of CDO Software: “The ability to seamlessly run Numerix analytics, stress scenarios and automatically generate risk reports within our CDO ToolsTM platform will enable users to analyze information from several perspectives and give firms a transparent understanding of where their real risks and values lie.”
Learn more about our strategic partnership with Bloomberg, offering Excel add-ins for structuring, pricing and risk; Valuation Services; and support for bespoke derivatives on the BLOOMBERG PROFESSIONAL© Service.