More NewsSwedbank Chooses Numerix CrossAsset for Structuring and Pricing Complex Derivatives

Swedbank Chooses Numerix CrossAsset for Structuring and Pricing Complex Derivatives

Swedbank, a bank in the Nordic and Baltic countries has selected Numerix CrossAsset for pricing complex structures and model validation. The Numerix CrossAsset analytics platform provides a framework for structuring, pricing and managing complex derivatives and structured products, allowing users to calculate prices and Greeks, and perform scenario analysis using real-time data.

Selected for its flexible and transparent framework for structuring the exotic, illiquid deals, Numerix CrossAsset provides Swedbank with a unified valuation framework enabling further control and understanding of pricing and risk quantification. Numerix also supports Swedbank in its model validation and model comparison processes.

“Recognised in the market for its asset class coverage and market tested models, with Numerix Swedbank is able to confidently manage and report pricing and risk for complex structures,” said Mats Ihrlund, chairman of the valuation steering group of Swedbank. “By implementing Numerix analytics and using its models and methods library we’re able to reduce operational risk and external valuation costs across the bank.”

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