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COST EFFICIENCY
Quick delivery and implementation More efficient use of existing skills and assets
traditional architectures relied on the replication of trades and valuation in the risk system. But in recent years this approach has proved to be too static and rigid to provide a satisfactory computation of enterprise-wide market risk. Building replication logic not only implies high development costs, because the type of data being replicated (trades) is so complex it also needs specialist staff dedicated to exception management and reconciliation tasks. and the constant addition of new instruments in the front office creates never-ending integration efforts Until now.
EffIcIEncy
Coherence between front-office systems and risk management as they share the same pricing engine cost efficient workflow operation Flexible out-of-the-box regulatory reporting
RoBUSTnESS
scalable architecture offers the ability to manage year-on-year volume growth ability to cope with the growing complexity of scenarios and number of risk factors
SCENARIO GENERATION Market data repository historical scenario generation based on stored historical data Monte Carlo-based scenario generation flexible scenario generation tool that offers the ability to set horizons and choose any risk factors
PRICING SIMULATION delegated pricing at front office level, orchestrated and controlled through KGRs graphical interface Pricing process, progress monitoring, and audit of all pricing inconsistencies or reported errors
RATE MANAGEMENT fill gaps, identify outliers and define proxies and adjustment factors, e.g. for corporate actions with time-series management features generate historical and stress test rate scenarios generated from historical data factors
REPORTING Var reporting tool consolidates all activity (Var per activity, per system, per geographical location any aggregation level) Var results are displayed by each risk class: ir, fx, equity, credit component Var, marginal Var, incremental Var calculations Var drill down from the scenario to risk factor causality for each aggregation level
BACK TESTING loading of action and no action P&ls from external sources, triggered from KGRs graphical interface Back-test reports daily view of the Var figures against the P&l numbers for any period of time (100 days, 250 days) graphical representation of backtest results
STRESS TESTING risk calculation for stress events flexible Market rates shift definition scenario generation to represent market events of the worst case scenario
DATA INTEGRATION
data quality is crucial for risk management, so Kgr leverages the thomson reuters enterprise Platform to offer a fully integrated enterprise risk solution. together these provide a powerful enterprise risk data and workflow platform that easily integrates with in-house data sources. Our solution efficiently orchestrates the loading, aggregation, cleansing and normalization of data from multiple sources used for risk computation.
REUTERS/ALESSIA PIERdoMEnIco
FAST
TIME TO MARKET
the thomson reuters solution brings new trades under market risk control dramatically faster than traditional software. our generic data model and distributed pricing architecture requires only lightweight data integration and allows for on the fly introduction of new products, including complex structures. Once the front office receives a sign-off, risk management does not need to go through the same lengthy process. new trades, even complex structured ones, can be mapped and are included in all Kondor global risk reports in a matter of minutes.
STRONG
OpTIMIZED FOR TRuE ENTERpRISE vOLuMES
our solution is designed to manage the vast volumes of data associated with enterprise risk data management. it addresses the problem of manipulating high volumes of data at speed. the solution can quickly load data and provides impressive report generation performance with the capacity to archive simulations. Kondor global risk also supports configurable aggregation and purge tasks to manage historical archives, increase the speed of intraday reporting and consolidate global reporting across the enterprise.
RATIONAL
COST EFFICIENT
operating multiple data sources, each with its own proprietary data models and semantics, is expensive. a new, holistic approach to data management improves efficiency and reduces costs. Kondor global risk is cost efficient both to implement and to run. in Kgr, the deal repository is in the front office, so there is no need for costly trade replication. save time on ongoing reconciliation and exception management between the front offices and risk management.
THoMSon REUTERS REcEnT MARKET REcoGnITIon nUmbeR one RisK teCHnoLoGy PRovideR 2009 & 2010 RisK teCHnoLoGy RanKinGs 2010
number one overall Technology Vendor number one Trading Systems cross asset number one Trading Systems fx number one Pricing and Analytics inflation number one IAS compliance number one Pricing and Analytics fx number one Pricing and Analytics rates number one Risk Aggregation Market, credit, counterparty, liquidity, operational
nUmbeR one RisK teCHnoLoGy PRovideR 2008, 2009 & 2010 asia RisK teCHnoLoGy awaRds 2010
number one overall Technology Vendor number one Support Services implementation efficiency number one Trading Systems front-to-Back office foreign exchange number one Trading Systems front-to-Back office interest rates number one Risk Management Back office number one Risk Management credit risk Management number one Trading Systems front-to-Back office Hybrids/Cross-asset class number one derivatives Pricing and Risk Analytics interest rates number one derivatives Pricing and Risk Analytics Hybrid/Cross-asset class number one derivatives Pricing and Risk Analytics credit
best vendoR FoR deaLinG teCHnoLoGy FX weeK best banKs awaRds 2010
AbOuT THOMSON REuTERS RISK MANAGEMENT thomson reuters is the largest provider of risk and trade management solutions globally, servicing over 700 financial institutions. our solutions offer sophisticated, tailored functionality at every step of the trade, from STP enabled front-to-back trading systems to enterprise wide risk management. We have the global reach and local expertise that is required of a long term strategic partner with more than 950 risk professionals worldwide. and with more than 20 years of experience, our customers can rely upon Thomson Reuters proven track record of delivering complex solutions to meet their exact requirements. for more information on thomson reuters risk Management solutions please take a look at financial.thomsonreuters.com/risk