QuIC Mechanics is a rapid-development, structured product framework that decomposes a financial instrument into a series of “events” – such as cashflows, exercise decisions, resets and maturities – and prices the instrument as a portfolio of individual events. QuIC Mechanics™ has a strong following in the complex structured market, providing a time-to-market advantage for new instrumentation. Solutions can be built using Finite Difference or Monte Carlo techniques. QuIC Mechanics allows for faster time-to-market for new instrumentation.

QuIC Mechanics CDL™

QuIC Mechanics CDL was designed to help financial institutions accurately determine price and risk for structured products.  It provides clients with unmatched speed, performance and visibility into pricing models; improving operational efficiency, transparency and time-to-market for its products. 

A key component of QuIC Mechanics CDL is the Contract Definition Language, a high-level, human readable description of a transaction, which brings added convenience and performance to a broad range of complex instruments and structured products. QuIC Mechanics CDL represents a modularized packaging of QuIC’s models and solvers and allows for standard interfaces. It easily captures all the data and information related to a trade, streamlines pricing model processes and defines new trade types in a fraction of the time which facilitates quicker and more accurate pricing of structured products.

With a practical plug and play feature, QuIC Mechanics CDL integrates with many of the finance industry’s leading models and eliminates the need for users to understand each specific programming language before creating a transaction, resulting in increased interoperability and a high level of functionality and performance. With QuIC Mechanics CDL, the Contract Definition Language is separated from the numerical solution, which means that users do not need to be experts in mathematics to perform the application.

QuIC Mechanics CDL easily links to trade capture systems; powers the analytics for third party providers; and improves the consistency across pricing and risk management in all areas of business operations.