QuIC provides innovative solutions to meet your needs. Here’s how.
At QuIC, we like to offer our clients the best of all worlds. After all, our solutions calculate credit risk for the global books of leading financial institutions around the world. This means that our clients require the speed of a super computing solution, the stability of proven risk architecture, and the flexibility to tailor a solution to the client’s environment. Fortunately we deliver.
We develop core technologies that provide our solutions with exceptional levels of speed and power. Each of the solutions that we design and implement are individually crafted to best suit the operation of that particular client. We ensure that solutions are compatible with the majority of systems used by the world’s financial institutions.
QuIC’s IMM (Internal Model Method) Solution
Price the widest choice of instruments and set up flexible CCR (Counterparty Credit Risk) models to accommodate changing regulatory requirements.
QuIC presents you with the ability to decrease your credit risk while reducing economic and regulatory capital requirements. Developed particularly for use in counterparty credit risk management, this solution is designed for risk managers, credit portfolio managers and capital managers.
We understand your market. That means we understand that most organisations are currently running their workload through systems that have been developed in-house. These tend to use a Basel I standard model in conjunction with their own non-approved internal models, for economic capital modeling and calculations. However, as global organisations begin to face increasingly rigorous credit risk and exposure demands, this situation is not going to be sustainable over the long term.
We can help. QuIC’s IMM Solution captures credit and market risk data from across the organisation. The subsequent modelling and simulation then underpins all decisions related to regulatory capital requirements and investment strategies. In fact, users of QuIC’s IMM Solution have already been successful in gaining IMM approval from their regulatory authorities for model validation, documentation, back testing and stress testing.
Innovative, fast, reliable response to a market necessity
Benefit from credit risk processes and systems that are conceptually sound and implemented with integrity.
As capital funding and regulatory requirements become more stringent, credit risk management has been made a board-level concern. Financial institutions should now be looking for IMM approval as a part of their overall risk management strategy. That’s because, in today’s market, it is essential to understand the sensitivity of your risk exposures and capital requirements, while still focusing on your market reputation, share price and credit rating.
QuIC’s IMM Solution has proved that a third-party solution can handle the widely varying scope and complexity of IMM and CCR requirements. Because this solution uses QuIC Script™ and a set of pre-configured, open-source algorithms, it can be easily customised to suit any changing requirements and new models. This empowers in-house developers and delivers considerable time and cost benefits.
This solution also provides you with the ability to create multiple intra-day simulations by reducing the time taken to accurately calculate CCR across the portfolio. You will have less need to estimate unknown risks when calculating your credit risk. This is because QuIC’s IMM Solution covers most asset classes and instruments so that no trades are ‘off the system’.
Furthermore, while IMM covers internal model sign-off under Basel II, it also gives financial institutions the ability to receive regulatory sign-off for capital management, market risk and operational risk models.
- SATISFY REGULATORY INTEREST
Demonstrate exemplary practice to your regulators, in areas such as model validation, documentation, back testing and stress testing. - STAY AHEAD OF INDUSTRY STANDARDS
Make updates to the solution as soon as any issues become evident. - CREATE MULTIPLE INTRA-DAY SIMULATIONS
Benefit from the QuIC Engine™’s exceptional processing speeds and overall power. - MINIMISE TECHNOLOGY COSTS
Employ fewer, lower-cost processors. - EXTEND YOUR EXISTING ARCHITECTURE
Adopt solutions that work alongside existing risk-management solutions.