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Financial services

OTP Bank strengthens risk analytics

OTP Bank has selected the Numerix CrossAsset analytics platform to support its derivatives analytics capabilities.

CrossAsset enables insight into the risk of structured products, and improves our ability to provide more reliable mark-to-market prices for these instruments

Krisztian Kovacs, OTP Bank
The Central and Eastern European bank selected the solution for its independent library of market-tested pricing models and comprehensive instrument coverage.

The bank is using CrossAsset for model validation, pricing complex derivatives and drilling down to comprehensive pre- and post-trade risk analysis, including Greeks, scenarios and stress testing.

“Numerix CrossAsset is a highly flexible tool, which provides us with complete model coverage in all relevant asset classes,” said Krisztian Kovacs, head of middle office at OTP Bank. “The solution enables insight into the risk of structured products, and improves our ability to provide more reliable mark-to-market prices for these instruments.

“Furthermore with the help of Numerix CrossAsset we now have the tools needed to assess model risk and reduce operative risks in complex financial products. We can validate prices on structures helping to improve profitability and produce fully transparent reporting.”

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