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QuIC Credit Valuation Adjustment Solution™ Gaining Traction in Deteriorating Credit Market, Delivers Strong ROI for Tier One Banks

Recent Deployment of QuIC’s Solution Increases Return on Capital and Lowers Profit and Loss Volatility for Major European Bank

QuIC Financial Technologies Inc., a leading global solutions provider of risk management, pricing and financial analytics solutions, today announced its Credit Valuation Adjustment (CVA) Solution, which enables dynamic hedging of counterparty credit exposure on an incremental deal basis, is providing significant positive results for its banking and finance clients, specifically during times of high volatility in credit markets.

“The ability to perform complex analytics with exceptional speed is a critical element to providing credit exposure management desks with unmatched power and agility in managing credit portfolios, especially in times of deteriorating credit market conditions,” stated Tony Coppellotti, QuIC’s Chief Technology Officer. “When global financial and banking organisations select the QuIC CVA Solution they can be confident our technology will improve their ability to measure and manage credit exposure, resulting in improved trading efficiency and ultimately, return on assets.”

Over the last 3 quarters, the continued weakening of the global credit market has prompted international banking and finance organisations to deploy more open, flexible and faster risk measurement and management solutions. The QuIC CVA Solution is designed to meet this challenge by delivering flexible, near-real-time pricing, expected future exposure and incremental expected future exposure of large complex portfolios, covering interest rates, foreign exchange, equity, commodities and credit instruments.

The QuIC CVA Solution empowers trading and risk management professionals to simply run a full range of simulation and pricing models, capturing either market-implied or historical parameters; incorporate user defined aggregation levels, which properly assess collateral and netting agreements; and accurately calculate hedge parameters for market and credit risk factors.

Utilizing the calculation speed of the QuIC Engine™, the QuIC CVA Solution returns results in time for overnight and intra-day credit mitigation strategies, such as contingent credit trading with Contingent Credit Default Swaps (CCDS).

By calculating complex cross-asset portfolios at a fraction of the time required by competitive risk-management systems, the QuIC CVA Solution helps banking and finance organisations externalise market and credit risk and free up capital reserves, allowing far greater trading potential than comparable solutions in the marketplace.