Nature of Business
Legal Status of Firm
Private Limited Company
Upto Rs. 50 Lakh
This product is designed to compute "Value at Risk" (VaR) by combining both market and credit risks. This software is designed to meet the requirements of securities dealers, bank treasuries, mutual funds and all players in the securities market. We customize the software to download the market rate feeds for risk-free paper from data providers such as Reuters, BridgeTelerate or Bloomberg, generate the RF curve and calculate the VaR at one or five percent tolerance levels. Controls can be installed to ensure that capital adequacy norms are not breached.
A unique feature of the software is that it can also generate credit ratings for unrated counterparties. It can compute VaR at one and five percent levels for an unrated corporate bond after generating a rating for the security. In effect this means that the software provides you VaR figures for both market and credit risks. The ability to generate credit ratings has some other spin-off benefits. It gives the user the capability to assess counter-party risk and compute loss estimates for forward contracts booked at the behest of a business house. Thus, the software can provide the user with an aggregate Value at Risk figure for:
Treasury bills and bonds,
Other assets that carry market risk, and
Corporate bonds and other investments that carry both credit and market risk.
|Plan||Key Outputs||Ideal For|
|Silver||Rating & Associated Default Probability||Casual Customer|
|Gold||Company Report, Rating & Associated Default Probability||Small Banks, Large Exporters, Corporate Credit Controllers|
|Gold Premium||Company Report, Rating & Associated Default Probability, Risk Premiums*||Medium sized Banks, Investment Departments of Insurance Companies, Asset Management Companies, etc.|
|Platinum||Company Report, Rating & Associated Default Probability, Risk Premiums*||Medium to Large Banks, Investment Departments of Insurance Companies, Asset Management Companies, etc.|
|Platinum Premium||Company Report, Rating & Associated Default Probability, Risk Premiums*||Large Banks, Investment Departments of Insurance Companies, Asset Management Companies, etc.|
The Regulators in many countries have issued notifications in the recent past on the subject of Basel II and Credit Risk. These requirements are based on the recommendations of the Bank of International Settlements (BIS). Our software, CreditWiz+, will enable the Banks to comprehensively meet these statutory requirements and achieve Advanced Internal Rating Based System (AIRB) compliance.
CreditWiz+, is a credit evaluation model for evaluating a wide spectrum of credits from SMEs to large companies. The software was developed by bankers with a collective experience of over 100 years in international banking at very senior levels. CreditWiz+ can provide:
This is a software package for Bank and Financial Institution ratings. Using the conventional CRAMEL approach is not enough. These ratings are generated using sophisticated alogrithms. For more information on BankWiz,
InsuWiz has been designed keeping in mind the specific needs of the Insurance industry and the need to meet Solvency II norms. InsuWiz can estimate fairly accurately the capital adequacy necessary for a particular type of transaction at the 99.5% confidence level as prescribed by the European Insurance & Occupational Pensions Authority (EIOPA) or any other level desired. This is done on the basis of the insurance company’s empirical data. InsuWiz has, therefore, to be customized to a client’s specific experience and requirements. CreditWiz+ and CreditWizVar are then deployed to assess the fair market value of the company’s investments in line with the market data and estimate the gap, if any, between the required capital and what is available.
Riskontrol is in a position to undertake the Solvency II implementation at insurance companies in a very cost-effective and time-bound manner since many industry regulators have prescribed definite deadlines. For more information write to firstname.lastname@example.org
Riskontrol Consultants (Bombay) Private Limited
Post Box 6185 Malabar Hill Post Office, Malabar Hill,
Mumbai-400006, Maharashtra, India