Credit Research & Risk Measurement

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Credit Research & Risk Measurement"

Transcription

1 Credit Research & RISK MEASUREMENT Credit Research & Risk Measurement

2 Leverage the market standard in credit analysis and utilize the latest risk management technology to improve the efficiency of your team and make better credit investment decisions. TODAY S CHALLENGES Whether your goal is to identify and monitor key investments or meet the demands of regulators, conducting credit research and risk measurement can be daunting. You are frequently required to make sense of multiple credit signals, tackle converging industry sectors and address the rising interdependency between asset classes. In the face of increasing market volatility and complexity, it is more important than ever to have access to timely information and knowledgeable professionals that can help you identify, understand and monitor key risks. Credit Research & Risk Measurement solutions from Moody s Analytics give you the scale and scope to respond to ever-increasing demands on your limited resources.

3 Credit Research & Risk Measurement DELIVERING MULTIPLE PERSPECTIVES ON CREDIT RISK By combining qualitative analyses with quantitative approaches that create early warning systems, economic stress tests that help you understand tail risk, and market indicators that suggest what your peers think, you can be confident in the accuracy of your analysis. Multiple Perspectives on Credit Research & Risk Management Credit Research Market Knowledge credit research In-depth research reports on specific industries, companies and deals are just the beginning. Insight into Moody s transparent ratings methodologies and globally comparable ratings frameworks will help you to benchmark your own opinions on credit risk and establish best practices within your team. Our solutions give you access to the same data, ratios, models and rating methodologies created by Moody s ratings analysts, allowing you to obtain insight into their thought process. Market knowledge Understand market sentiment and take advantage of the information captured in CDS, bond and equity prices without introducing significant volatility into your monitoring system. Our tools isolate changes in risk for individual issuers from the noise of the markets by comparing the signals for a given company to comparable groups of companies using agency ratings. This completely transparent, straight-forward approach allows you to identify and analyze early warning signals from the market. Credit Analysis, Monitoring & Valuation Quantitative Insight Economic Understanding Quantitative insight Detect credit deterioration early and focus your analysis on your riskiest exposures. As the pioneer in quantitative credit risk measurement, we enable you to use market, financial and other data sources to set up effective credit monitoring systems. Built around the KMV Expected Default Frequency TM (EDF) credit measure, an industry standard for measuring probability of default, our quantitative tools accommodate companies that are public and private, large and small, worldwide. Integration with portfolio management, data collection and valuation tools is seamless. Economic Understanding Incorporate a variety of economic assumptions into your credit analysis framework to conduct stress testing and scenario analysis. Convert ratings into forecasted default and rating migration probabilities. Analyze and accurately forecast the future performance of consumer loan portfolios. The tie between credit risk and economic cycles is clear, and our tools allow you to translate this understanding into actionable information.

4 Moody s Analytics Support Add to your team more than 1,000 seasoned credit analysts with expertise across all industry sectors, asset classes and geographies. Acquire the resources and knowledge to track more than 11,000 corporate issuers, 25,000 public finance issuers and 100,000 structured finance obligations. Enjoy access to the most extensive credit-focused event program in the market and take advantage of opportunities to build relationships with analysts, network with peers and hear the latest views on market issues. Take advantage of over 20 years of quantitative credit modeling expertise and one of the largest and most comprehensive credit risk databases in existence. Speak with our credit strategists to understand market dynamics and work with our economists to understand how the nuances of specific regions might influence your scenario analysis. OFFERING PERSONAL SUPPORT Credit Research & Risk Measurement solutions from Moody s Analytics include the tools and data used by Moody s ratings analysts to monitor and assess credit risk, the models behind our award-winning software, and the support you need to take full advantage of these capabilities. Market Participant Reports Analytical Tools Data Analyst Access Events Professional Services Better Credit Decisions We Provide Opinions that Move the Market Over 40,000 leading market participants rely on Moody s Analytics for critical input into their investment and risk management decisions. These include institutional investors, fixed-income credit professionals, risk professionals, equity market participants, commercial lenders and underwriters. Whether you are looking for a stable, through-the-cycle measure of credit risk or a more dynamic approach, Moody s Analytics can address your needs. We offer several forwardlooking metrics, snapshots of current market sentiment and robust historical data.

5 CREATING A SOLUTION In addition to providing a comprehensive set of credit risk measures and research, we also offer some of the most robust datasets and software on the market. Use our solutions, combined with our professional services, to create your own credit risk measures and train your teams. Data & Software Services Obtain default data that extends back to the great depression; access data feeds of both current and historical ratings; leverage platforms that allow you to slice and dice economic data and spread financial data, adjusted to be globally comparable using advanced software. Providing the Data & Software You Need to Find Answers» How can we build quality PD and LGD measures on low default portfolios?» How can we ensure that data is captured consistently across the company?» Where can we obtain data to support objective external testing and validation? Risk Management Services Moody s Analytics Risk Management Services can work with you to build internal credit risk assessment systems and the appropriate set of supporting scorecard templates to evaluate probability of default and loss given default across sectors. Offering the Expertise Required to Keep Up With Market Changes» When should we update models and approaches to adapt to market changes?» What are the industry best practices and innovations in credit risk assessment?» How do we apply outcomes of risk rating systems to make better decisions? Training Services Whether you are interested in providing your team with the skills to make sound judgments about creditworthiness, developing an in-depth understanding of the rating practices employed by Moody s Investors Service or gaining a better understanding of advanced financial topics, Moody s Analytics has a training program to meet your needs. Advancing the Skills of Your Team» What tools are appropriate to capture, analyze and make use of data?» How do we build these tools?» What is the appropriate way to capture and assess qualitative risk factors?» How do we overcome internal resistance to collecting data and review procedures? Moody s Analytics: Essential Insight Serving Global Financial Markets About Moody s Moody s Analytics: Analytics Essential Insight Serving Global Financial Markets Moody s Analytics helps capital markets and credit risk management professionals worldwide respond to an evolving marketplace with confidence. The company offers unique tools and best practices for measuring and managing risk through expertise and experience in credit analysis, economic research and financial risk management. By providing leading-edge software, advisory services, and research, including the proprietary analysis of Moody s Investors Service, Moody s Analytics integrates and customizes its offerings to address specific business challenges.

6 CONTACT US Visit us at moodysanalytics.com or contact us at a location below: AMERICAS EMEA Asia (excluding Japan) JAPAN Copyright 2010, Moody s Analytics, Inc. All Rights Reserved. SP12759/101122/CRRM_001

Moody s Analytics Solutions for the Asset Manager

Moody s Analytics Solutions for the Asset Manager ASSET MANAGER Moody s Analytics Solutions for the Asset Manager Moody s Analytics Solutions for the Asset Manager COVERING YOUR ENTIRE WORKFLOW Moody s is the leader in analyzing and monitoring credit

More information

COMMERCIAL BANK. Moody s Analytics Solutions for the Commercial Bank

COMMERCIAL BANK. Moody s Analytics Solutions for the Commercial Bank COMMERCIAL BANK Moody s Analytics Solutions for the Commercial Bank Moody s Analytics Solutions for the Commercial Bank CATERING TO ALL DIVISIONS OF YOUR ORGANIZATION The Moody s name is synonymous with

More information

INSURANCE. Moody s Analytics Solutions for the Insurance Company

INSURANCE. Moody s Analytics Solutions for the Insurance Company INSURANCE Moody s Analytics Solutions for the Insurance Company Moody s Analytics Solutions for the Insurance Company HELPING PROFESSIONALS OVERCOME TODAY S CHALLENGES Recent market events have emphasized

More information

Enterprise Risk Management

Enterprise Risk Management Enterprise Risk Management Enterprise Risk Management Understand and manage your enterprise risk to strike the optimal dynamic balance between minimizing exposures and maximizing opportunities. Today s

More information

How do you transform risk into high performance? An Overview of Moody s Analytics

How do you transform risk into high performance? An Overview of Moody s Analytics How do you transform risk into high performance? An Overview of Moody s Analytics Essential insight serving global financial markets Moody s Analytics offers award-winning solutions and best practices

More information

Moody s Analytics. RECOVERY RATE Peer Analysis Portfolio VALUE. Counterparty. EDF Through-the-Cycle EDF MODEL. Credibility DEFAULT RATES

Moody s Analytics. RECOVERY RATE Peer Analysis Portfolio VALUE. Counterparty. EDF Through-the-Cycle EDF MODEL. Credibility DEFAULT RATES CREDIT RESEARCH & RISK MEASUREMENT Model Through-the-Cycle Portfolio RISK FAIR VALUE SPREADS Implied Ratings Fixed Income Early Warning Quantitative RATING Equity Capital Issuers Screener RATING Exposure

More information

RISK YSIS Counterparty PEER ANAL Bonds Spread Equity CreditEdge RISK lio Bonds F 9 Capital rtfo harti CDS-Implied EDF C AlertsAlpha Factor

RISK YSIS Counterparty PEER ANAL Bonds Spread Equity CreditEdge RISK lio Bonds F 9 Capital rtfo harti CDS-Implied EDF C AlertsAlpha Factor Through-the-Cycle EDF odel DF Portfolio RISK FAIR VALUE SPREADS plied Ratings ixed Income arly Warning uantitative RATING Equity Capital Issuers Screener RATING Exposure Moody s Analytics RECOVERY RATE

More information

Portfolio Management for Banks

Portfolio Management for Banks Enterprise Risk Solutions Portfolio Management for Banks RiskFrontier, our industry-leading economic capital and credit portfolio risk management solution, along with our expert Portfolio Advisory Services

More information

Essential expertise on the economic and consumer credit trends that impact your business and investments.

Essential expertise on the economic and consumer credit trends that impact your business and investments. economic & consumer credit analy tics Essential expertise on the economic and consumer credit trends that impact your business and investments. Economic & Consumer Credit Analytics Essential expertise

More information

Moody s Analytics How To Use RiskAnalyst Agenda

Moody s Analytics How To Use RiskAnalyst Agenda event summary Event Name How to Use RiskAnalyst Training Contact Us Moody s Analytics Product Training +1.415.874.6000 MATraining@moodys.com Moody s Analytics How To Use RiskAnalyst Agenda Overview This

More information

Industry-leading Credit Risk Solutions

Industry-leading Credit Risk Solutions Industry-leading Credit Risk Solutions About Us Fitch Solutions provides a range of industry-leading products and professional development services to the global financial community. In addition to offering

More information

Bank Credit Risk Indicators

Bank Credit Risk Indicators Bank Credit Risk Indicators Fitch Solutions offers the most comprehensive suite of bank credit risk indicators available in the market to help you monitor your exposure to bank credit and counterparty

More information

Solutions for Balance Sheet Management

Solutions for Balance Sheet Management ENTERPRISE RISK SOLUTIONS Solutions for Balance Sheet Management Moody s Analytics offers a powerful combination of software and advisory services for essential balance sheet and liquidity risk management.

More information

BLOOMBERG DATA LICENSE. A Bloomberg Data Solutions Offering

BLOOMBERG DATA LICENSE. A Bloomberg Data Solutions Offering BLOOMBERG DATA LICENSE A Bloomberg Data Solutions Offering MEETING TODAY S DATA CHALLENGES IN INNOVATIVE WAYS >>>>>>>>>>> DATA LICENSE Bloomberg Data License helps you meet current challenges and prepares

More information

MULTIPLY YOUR REACH THOMSON REUTERS CONTRIBUTIONS CHANNEL. Contribute your content to Thomson Reuters and expand your business INTRODUCTION

MULTIPLY YOUR REACH THOMSON REUTERS CONTRIBUTIONS CHANNEL. Contribute your content to Thomson Reuters and expand your business INTRODUCTION THOMSON REUTERS CONTRIBUTIONS CHANNEL MULTIPLY YOUR REACH Contribute your content to Thomson Reuters and expand your business 1 EXPAND YOUR BUSINESS WITH THE THOMSON REUTERS CONTRIBUTIONS CHANNEL THE THOMSON

More information

S&P Capital IQ for Fixed Income Professionals

S&P Capital IQ for Fixed Income Professionals S&P Capital IQ for Fixed Income Professionals As a credit professional you rely on accurate and timely information to help you better evaluate credit quality and monitor the ongoing financial, operating,

More information

Impact Investing TAILORED, TRANSPARENT SOLUTIONS

Impact Investing TAILORED, TRANSPARENT SOLUTIONS We set the standard for Impact Investing and are the first-choice partner for asset owners seeking to understand and control their global impact. Build your impact strategy with us - see inside for details.

More information

Business Process Services. White Paper. Effective Credit Risk Assessment Strengthening the Financial Spreading with Technology Enablers

Business Process Services. White Paper. Effective Credit Risk Assessment Strengthening the Financial Spreading with Technology Enablers Business Process Services White Paper Effective Credit Risk Assessment Strengthening the Financial Spreading with Technology Enablers About the Author Vijay Muppavarapu Vijay is a subject matter expert

More information

Credit Risk Management: Trends and Opportunities

Credit Risk Management: Trends and Opportunities Risk & Compliance the way we see it Credit Risk Management: Trends and Opportunities The Current State of Credit Risk Management 1 Overview The crisis exposed the shortcomings of existing risk management

More information

IBM Business Analytics: Finance and Integrated Risk Management (FIRM) solution

IBM Business Analytics: Finance and Integrated Risk Management (FIRM) solution IBM Sales and Distribution Solution Brief Banking IBM Business Analytics: Finance and Integrated Risk Management (FIRM) solution Risk transparency across the enterprise 2 IBM Business Analytics: Finance

More information

Expected default frequency

Expected default frequency KM Model Expected default frequency Expected default frequency (EDF) is a forward-looking measure of actual probability of default. EDF is firm specific. KM model is based on the structural approach to

More information

High Yield Bonds A Primer

High Yield Bonds A Primer High Yield Bonds A Primer With our extensive history in the Canadian credit market dating back to the Income Trust period, our portfolio managers believe that there is considerable merit in including select

More information

Integrated Stress Testing

Integrated Stress Testing Risk & Compliance the way we see it Integrated Stress Testing A Practical Approach Contents 1 Introduction 3 2 Stress Testing Framework 4 3 Data Management 6 3.1 Data Quality 6 4 Governance 7 4.1 Scenarios,

More information

STATEMENT ON IMPLEMENTATION OF NEW ACCOUNTING STANDARDS

STATEMENT ON IMPLEMENTATION OF NEW ACCOUNTING STANDARDS STATEMENT ON IMPLEMENTATION OF NEW ACCOUNTING STANDARDS Final Report THE BOARD OF THE INTERNATIONAL ORGANIZATION OF SECURITIES COMMISSIONS FR12/2016 December 2016 I. Introduction The International Organization

More information

UBS Municipal Trading and Portfolio Specialist Group. Understanding your options and opportunities in today s municipal bond marketplace.

UBS Municipal Trading and Portfolio Specialist Group. Understanding your options and opportunities in today s municipal bond marketplace. ab UBS Municipal Trading and Portfolio Specialist Group Understanding your options and opportunities in today s municipal bond marketplace. The expertise you need to guide your municipal bond decisions.

More information

Current Aircraft Finance Market Outlook 2015

Current Aircraft Finance Market Outlook 2015 Boeing Capital Corporation Current Aircraft Finance Market Outlook 2015 Copyright 2014 Boeing. All rights reserved. T he Current Aircraft Finance Market Outlook for 2015 anticipates continued strength

More information

A. M. Best Company & The Rating Process

A. M. Best Company & The Rating Process A. M. Best Company & The Rating Process Raymond J. Thomson, ARe, ARM Senior Financial Analyst, Property/Casualty Ratings Oldwick NJ Disclaimer AM Best Company (AMB) and/or its licensors and affiliates.

More information

Cash Management Group Solvency II and Money Market Funds

Cash Management Group Solvency II and Money Market Funds Cash Management Group Solvency II and Money Market Funds The opinions expressed are as of June 2012 and may change as subsequent conditions vary. Managing cash and short term investments is an essential

More information

Group-wide Stress Testing: A Case Study. Enrico Piotto

Group-wide Stress Testing: A Case Study. Enrico Piotto Group-wide Stress esting: A Case Study Enrico Piotto Background Severe Losses Beyond scope of risk models Reluctance to statistical models Emphasis on stress testing as risk control and risk management

More information

Loss Given Default What is your potential loss position in the current volatile environment?

Loss Given Default What is your potential loss position in the current volatile environment? Loss Given Default What is your potential loss position in the current volatile environment? Complete your credit risk assessments with recovery analyses. Evaluate potential economic losses for a range

More information

Fixed Income Investing: What s an Investor to Do?

Fixed Income Investing: What s an Investor to Do? INSIGHTS Fixed Income Investing: What s an Investor to Do? July 2012 203.621.1700 2012, Rocaton Investment Advisors, LLC Executive Summary As interest rates have fallen steadily over the past 20 years,

More information

A Global Rating Agency >

A Global Rating Agency > A Global Rating Agency > Who We Are > Fitch Ratings is committed to providing the world s credit markets with reliable, timely and prospective credit opinions. Built on a foundation of organic growth and

More information

IMPLEMENTATION NOTE. Validating Risk Rating Systems at IRB Institutions

IMPLEMENTATION NOTE. Validating Risk Rating Systems at IRB Institutions IMPLEMENTATION NOTE Subject: Category: Capital No: A-1 Date: January 2006 I. Introduction The term rating system comprises all of the methods, processes, controls, data collection and IT systems that support

More information

A strategic, multisector approach to fixed-income investing

A strategic, multisector approach to fixed-income investing Alternative Solutions Forward Credit Analysis Long/Short Fund A strategic, multisector approach to fixed-income investing Is it time to adapt your fixed-income approach? Today s fixed-income investors

More information

Market Implied Ratings FAQ Updated: June 2010

Market Implied Ratings FAQ Updated: June 2010 Market Implied Ratings FAQ Updated: June 2010 1. What are MIR (Market Implied Ratings)? Moody s Analytics Market Implied Ratings translate prices from the CDS, bond and equity markets into standard Moody

More information

Morningstar Qualitative Rating & Morningstar Fund Research Report

Morningstar Qualitative Rating & Morningstar Fund Research Report Morningstar Qualitative Rating & Morningstar Fund Research Report February, 2009 2009 Morningstar, Inc. All rights reserved. The information in this document is the property of Morningstar, Inc. Reproduction

More information

Canaccord Genuity GPS

Canaccord Genuity GPS Canaccord Genuity GPS O p t i m i z e d Po r t f o l i o s Returns include peace of mind. To us there are no foreign markets. N49º18'1" W121º47'7" investment outcome Superhero Mom Harrison Hot Springs,

More information

INDEX SERIES FTSE PUBLICATIONS. FTSE ETF Issuer Services.

INDEX SERIES FTSE PUBLICATIONS. FTSE ETF Issuer Services. INDEX SERIES FTSE PUBLICATIONS FTSE ETF Issuer Services. BEIJING BOSTON DUBAI HONG KONG LONDON MILAN MUMBAI NEW YORK PARIS SAN FRANCISCO SHANGHAI SYDNEY TOKYO FTSE FTSE Group ( FTSE ) is a world-leader

More information

Central Bank of Ireland Guidelines on Preparing for Solvency II Pre-application for Internal Models

Central Bank of Ireland Guidelines on Preparing for Solvency II Pre-application for Internal Models 2013 Central Bank of Ireland Guidelines on Preparing for Solvency II Pre-application for Internal Models 1 Contents 1 Context... 1 2 General... 2 3 Guidelines on Pre-application for Internal Models...

More information

Application of Quantitative Credit Risk Models in Fixed Income Portfolio Management

Application of Quantitative Credit Risk Models in Fixed Income Portfolio Management Application of Quantitative Credit Risk Models in Fixed Income Portfolio Management Ron D Vari, Ph.D., Kishore Yalamanchili, Ph.D., and David Bai, Ph.D. State Street Research and Management September 26-3,

More information

Solutions for Bank Credit Risk

Solutions for Bank Credit Risk Solutions for Bank Credit Risk Fitch Solutions delivers a comprehensive suite of data, analytical tools and risk services to provide organizations with a more efficient way to analyze and address exposure

More information

Olympia Capital Management

Olympia Capital Management Olympia Capital Management Olympia Capital Management 2 Delivering innovative solutions since 1989 An independent and experienced team Founded in 1989 to manage funds of hedge funds Richmond Park: an active

More information

Credit Suisse Portfolio Solutions. Personalized strategies to help you grow, preserve, and use your wealth

Credit Suisse Portfolio Solutions. Personalized strategies to help you grow, preserve, and use your wealth Credit Suisse Portfolio Solutions Personalized strategies to help you grow, preserve, and use your wealth 1 Credit Suisse Portfolio Solutions Personalized strategies to help you grow, preserve, and use

More information

FTIF Templeton Global Bond Fund

FTIF Templeton Global Bond Fund FTIF Templeton Global Bond Fund The STRATEGY Investment Goal FTIF Templeton Global Bond Fund seeks to maximize total return, with a combination of interest income, capital appreciation and currency gains

More information

Citi OpenInvestor. OpenLend. Securities Lending Solutions. Customized Programs to Optimize Portfolio Performance

Citi OpenInvestor. OpenLend. Securities Lending Solutions. Customized Programs to Optimize Portfolio Performance Citi OpenInvestor sm OpenLend sm Securities Lending Solutions Customized Programs to Optimize Portfolio Performance 2 Citi Transaction Services Innovative Solutions for a Sophisticated Market Lending programs

More information

Pricing across bonds, CDS and loans, as well as equity volatility data and securities lending data for stocks and bonds

Pricing across bonds, CDS and loans, as well as equity volatility data and securities lending data for stocks and bonds Pricing Data Pricing across bonds, CDS and loans, as well as equity volatility data and securities lending data for stocks and bonds Complete transparency, with detailed information relating to methodology

More information

Training & Certification Solutions for Corporate and Commercial Banks

Training & Certification Solutions for Corporate and Commercial Banks TRAINING & CERTIFICATION Training & Certification Solutions for Corporate and Commercial Banks 1.0 / 06.2009 Learning Programs for Organizational and Individual Performance THE BANKING LANDSCAPE IS RAPIDLY

More information

Data and Analytics: A New Toolkit for Asset Managers

Data and Analytics: A New Toolkit for Asset Managers Data and Analytics: A New Toolkit for Asset Managers Featuring highlights of the State Street 2013 Data and Analytics Survey conducted by the Economist Intelligence Unit About the Research A global survey

More information

Understanding Fixed Income

Understanding Fixed Income Understanding Fixed Income 2014 AMP Capital Investors Limited ABN 59 001 777 591 AFSL 232497 Understanding Fixed Income About fixed income at AMP Capital Our global presence helps us deliver outstanding

More information

Accenture Risk Analytics Network. Credit Risk Analytics

Accenture Risk Analytics Network. Credit Risk Analytics Accenture Risk Analytics Network Credit Risk Analytics Accenture, as a leader in risk analytics, works closely with banks and other financial institutions in developing the building blocks of credit risk

More information

Financial Statement Management and Analysis

Financial Statement Management and Analysis Financial Statement Management and Analysis CreditQuest Financial Analyzer: Financial Statement Management and Analysis CreditQuest Financial Analyzer performs advanced financial statement management and

More information

Risk management within AIFMD for private equity and real estate funds. Sylvain Crépin Senior Manager Capital Markets/Financial Risk Deloitte

Risk management within AIFMD for private equity and real estate funds. Sylvain Crépin Senior Manager Capital Markets/Financial Risk Deloitte Risk management within AIFMD for private equity and real estate funds Xavier Zaegel Partner Capital Markets/Financial Risk Deloitte Sylvain Crépin Senior Manager Capital Markets/Financial Risk Deloitte

More information

Methodological Tool. Draft tool to determine the weighted average cost of capital (WACC) (Version 01)

Methodological Tool. Draft tool to determine the weighted average cost of capital (WACC) (Version 01) Page 1 Methodological Tool Draft tool to determine the weighted average cost of capital (WACC) (Version 01) I. DEFINITIONS, SCOPE, APPLICABILITY AND PARAMETERS Definitions For the purpose of this tool,

More information

SEI Japan Equity Fund As at 30th June, 2009

SEI Japan Equity Fund As at 30th June, 2009 Benchmark TOPIX Base Currency JPY Currencies Available EUR, GBP Fund Complex SEI Global Assets Fund PLC SEI Japan Equity Fund As at 30th June, 2009 SEI MANAGER OF MANAGERS PHILOSOPHY SEI employs a sophisticated

More information

Zurich, 13 December 2007. Introductory remarks by Philipp Hildebrand

Zurich, 13 December 2007. Introductory remarks by Philipp Hildebrand abcdefg News conference Zurich, 13 December 2007 Introductory remarks by Philipp Hildebrand Six months ago, when our Financial Stability Report was published, I stated that "the global financial system

More information

Services and Capabilities. Financial Services Transfer Pricing

Services and Capabilities. Financial Services Transfer Pricing Services and Capabilities Financial Services Transfer Pricing Our team of experts offers an unmatched combination of economic credentials, industry expertise, and testifying experience. FINANCIAL SERVICES

More information

PRISONERS DATA. The Mortgage Industry and Predictive Modeling

PRISONERS DATA. The Mortgage Industry and Predictive Modeling PRISONERS of DATA the The Mortgage Industry and Predictive Modeling By Jonathan Glowacki and Eric Wunder THE GROWTH IN COMPUTING POWER AND DATA STORAGE capabilities over the past decade has led to the

More information

INDEXIQ LAUNCHES WORLD S FIRST SUITE OF 50% CURRENCY-HEDGED ETFS

INDEXIQ LAUNCHES WORLD S FIRST SUITE OF 50% CURRENCY-HEDGED ETFS INDEXIQ LAUNCHES WORLD S FIRST SUITE OF 50% CURRENCY-HEDGED ETFS International-, Europe- and Japan-focused funds are the first currency-neutral ETF offerings that allow investors to better manage currency

More information

Data Quality for BASEL II

Data Quality for BASEL II Data Quality for BASEL II Meeting the demand for transparent, correct and repeatable data process controls Harte-Hanks Trillium Software www.trilliumsoftware.com Corporate Headquarters + 1 (978) 436-8900

More information

Validation of Internal Rating and Scoring Models

Validation of Internal Rating and Scoring Models Validation of Internal Rating and Scoring Models Dr. Leif Boegelein Global Financial Services Risk Management Leif.Boegelein@ch.ey.com 07.09.2005 2005 EYGM Limited. All Rights Reserved. Agenda 1. Motivation

More information

Credit risk-ratings allow banks to estimate the risk of loss from a

Credit risk-ratings allow banks to estimate the risk of loss from a QUANTIFYING RISK Crafting a Market Landscape Quantitative vs. Judgmental Credit Risk-Rating Systems by Ivo Antonov Credit risk-ratings allow banks to estimate the risk of loss from a borrower s failure

More information

ACTIVATE ALL NINE MODULES TO ACHIEVE STRAIGHT-THROUGH-PROCESSING

ACTIVATE ALL NINE MODULES TO ACHIEVE STRAIGHT-THROUGH-PROCESSING CASHSuite A powerful commercial lending software solution that helps business lenders increase profits and grow top line revenue by achieving straightthrough-processing across every step of the commercial

More information

Understanding the Equity Summary Score Methodology

Understanding the Equity Summary Score Methodology Understanding the Equity Summary Score Methodology Provided By Understanding the Equity Summary Score Methodology The Equity Summary Score provides a consolidated view of the ratings from a number of independent

More information

Fixed-income opportunity: Short duration high yield

Fixed-income opportunity: Short duration high yield March 2014 Insights from: An income solution for a low or rising interest-rate environment Generating income is a key objective for many investors, and one that is increasingly difficult to achieve in

More information

Auto Days 2011 Predictive Analytics in Auto Finance

Auto Days 2011 Predictive Analytics in Auto Finance Auto Days 2011 Predictive Analytics in Auto Finance Vick Panwar SAS Risk Practice Copyright 2010 SAS Institute Inc. All rights reserved. Agenda Introduction Changing Risk Landscape - Key Drivers and Challenges

More information

1 Copyright Phoenix Marketing International 2012. All rights reserved.

1 Copyright Phoenix Marketing International 2012. All rights reserved. 1 Copyright Phoenix Marketing International 2012. All rights reserved. D A V I D M. T H O M P S O N Managing Director Phoenix Affluent Market +44 (0) 20 3427 6157 / London +011 860 404 5414 / New York

More information

Why high-yield municipal bonds may be attractive in today s market environment

Why high-yield municipal bonds may be attractive in today s market environment Spread Why high-yield municipal bonds may be attractive in today s market environment February 2014 High-yield municipal bonds may be attractive given their: Historically wide spreads Attractive prices

More information

Lazard Asset Management An Overview

Lazard Asset Management An Overview Lazard Asset Management An Overview Founded in 1848, Lazard has long served as a trusted advisor to governments, businesses, and individuals around the world. With an international presence that dates

More information

Better planning and forecasting with IBM Predictive Analytics

Better planning and forecasting with IBM Predictive Analytics IBM Software Business Analytics SPSS Predictive Analytics Better planning and forecasting with IBM Predictive Analytics Using IBM Cognos TM1 with IBM SPSS Predictive Analytics to build better plans and

More information

POINT Innovative Multi-Asset Portfolio Analysis

POINT Innovative Multi-Asset Portfolio Analysis Index, Portfolio and Risk Solutions POINT Innovative Multi-Asset Portfolio Analysis The Difference Is Clear POINT: Dynamic Decision Support Flexible portfolio and index reporting Draw from our vast database

More information

Measurably DifferentTM. Plan Design Fee Benchmarking Provider Searches Investment Advisory Fiduciary Compliance

Measurably DifferentTM. Plan Design Fee Benchmarking Provider Searches Investment Advisory Fiduciary Compliance Measurably DifferentTM Plan Design Fee Benchmarking Provider Searches Investment Advisory Fiduciary Compliance Independence Independence is core to American life. We look for it in new ideas. In our work.

More information

INSURANCE RATING METHODOLOGY

INSURANCE RATING METHODOLOGY INSURANCE RATING METHODOLOGY The primary function of PACRA is to evaluate the capacity and willingness of an entity / issuer to honor its financial obligations. Our ratings reflect an independent, professional

More information

Effective Techniques for Stress Testing and Scenario Analysis

Effective Techniques for Stress Testing and Scenario Analysis Effective Techniques for Stress Testing and Scenario Analysis Om P. Arya Federal Reserve Bank of New York November 4 th, 2008 Mumbai, India The views expressed here are not necessarily of the Federal Reserve

More information

Fixed Income Trading ACCESS A WORLD OF FIXED INCOME OPPORTUNITIES. Your Business Without Limits TM

Fixed Income Trading ACCESS A WORLD OF FIXED INCOME OPPORTUNITIES. Your Business Without Limits TM Fixed Income Trading ACCESS A WORLD OF FIXED INCOME OPPORTUNITIES Your Business Without Limits TM 2 FIXED INCOME TRADING Explore Our Fixed Income Capabilities Our dedicated team of experts, electronic

More information

Trusted by the Market. Driven by You. www.yieldbook.com. We stop at nothing. Portfolio analysis and risk management

Trusted by the Market. Driven by You. www.yieldbook.com. We stop at nothing. Portfolio analysis and risk management Trusted by the Market. Driven by You. www.yieldbook.com We stop at nothing. The is the trusted and authoritative source for fixed income analytics that enables market makers and institutional investors

More information

Standard & Poor s perspective on Swedish insurance sector risks

Standard & Poor s perspective on Swedish insurance sector risks Standard & Poor s perspective on Swedish insurance sector risks Summary In May 2013, Standard & Poor's published new insurance criteria. Our objective with the new criteria is to improve the transparency

More information

PRODUCT HIGHLIGHTS SHEET

PRODUCT HIGHLIGHTS SHEET Prepared on: 21 February 2013 This Product Highlights Sheet is an important document. It highlights the key terms and risks of the ILP sub-fund and complements the Product Summary and Fund Summary. It

More information

Yukon Wealth Management, Inc.

Yukon Wealth Management, Inc. This summary reflects our views as of 12/15/08. Merrill Lynch High Yield Master Index effective yield at 23%. Asset Class Review: High-Yield Bonds Executive Summary High-yield bonds have had a terrible

More information

Corporate Portfolio Management

Corporate Portfolio Management Corporate Risk Corporate Portfolio Management Capital allocation from a risk-return perspective Premise Aligning the right information with the right people to make effective corporate decisions is one

More information

IBM Cognos 8 Controller Financial consolidation, reporting and analytics drive performance and compliance

IBM Cognos 8 Controller Financial consolidation, reporting and analytics drive performance and compliance Data Sheet IBM Cognos 8 Controller Financial consolidation, reporting and analytics drive performance and compliance Overview Highlights: Provides all financial and management consolidation capabilities

More information

August 2010. State of Nevada Deferred Compensation Plan. Manager Due Diligence Education Session

August 2010. State of Nevada Deferred Compensation Plan. Manager Due Diligence Education Session August 2010 State of Nevada Deferred Compensation Plan Manager Due Diligence Education Session Fiduciary Responsibility Investment prudence relies on process, not investment results Three investment principles

More information

Seeking Alternatives. Senior loans an innovative asset class

Seeking Alternatives. Senior loans an innovative asset class Trends 09 10.11 Seeking Alternatives Senior loans an innovative asset class Dirk Wieringa, Alternative Investments Advisory Senior loans are an innovative asset class that provide a hedge against rising

More information

Fixed Income Liquidity in a Rising Rate Environment

Fixed Income Liquidity in a Rising Rate Environment Fixed Income Liquidity in a Rising Rate Environment 2 Executive Summary Ò Fixed income market liquidity has declined, causing greater concern about prospective liquidity in a potential broad market sell-off

More information

Back to Basics Investment Portfolio Risk Management

Back to Basics Investment Portfolio Risk Management Back to Basics Investment Portfolio Risk Management By Tom Slefinger, Senior Vice President, Director of Institutional Fixed Income Sales at Balance Sheet Solutions, LLC. Tom can be reached at tom.slefinger@balancesheetsolutions.org.

More information

The timeless (and timely) case for high-yield bonds

The timeless (and timely) case for high-yield bonds INCOME EATON VANCE Looking beyond traditional sources of yield MARCH 2016 TIMELY THINKING The timeless (and timely) case for high-yield bonds SUMMARY High-yield bonds occupy a special capital market niche:

More information

Claims Paying Ability Ratings for General Insurance Companies

Claims Paying Ability Ratings for General Insurance Companies Claims Paying Ability Ratings for General Insurance Companies ICRA's Claims Paying Ability Ratings (CPRs) for general insurance companies are opinions on their ability to honour policy-holder claims and

More information

CALVERT UNCONSTRAINED BOND FUND A More Expansive Approach to Fixed-Income Investing

CALVERT UNCONSTRAINED BOND FUND A More Expansive Approach to Fixed-Income Investing CALVERT UNCONSTRAINED BOND FUND A More Expansive Approach to Fixed-Income Investing A Challenging Environment for Investors MOVING BEYOND TRADITIONAL FIXED-INCOME INVESTING ALONE For many advisors and

More information

STARMINE MONITOR THOMSON REUTERS SOLUTIONS FOR SELL SIDE RESEARCH

STARMINE MONITOR THOMSON REUTERS SOLUTIONS FOR SELL SIDE RESEARCH STARMINE MONITOR THOMSON REUTERS SOLUTIONS FOR SELL SIDE RESEARCH StarMine Monitor offers the most proven, fair, and rigorous tools to objectively measure the performance of your research team. StarMine

More information

Principles and Practices in Credit Portfolio Management

Principles and Practices in Credit Portfolio Management International Association of Credit Portfolio Managers Principles and Practices in Credit Portfolio Management Findings of the 2013 Survey Survey Goal IACPM Members share their views on the state of CPM

More information

Credit Portfolio Rating Methodology February Credit Portfolio Rating Methodology. Euler Hermes Rating GmbH

Credit Portfolio Rating Methodology February Credit Portfolio Rating Methodology. Euler Hermes Rating GmbH Credit Portfolio Rating Methodology Euler Hermes Rating GmbH 0 Euler Hermes Rating GmbH 2016 Contents 1 Basics 2 1.1 Introduction 2 1.2 Credit Portfolio Rating 2 2 Areas of Analysis 4 2.1 Quantitative

More information

Rating Action: Moody's upgrades LEAF Receivables Funding equipment backed ABS from 2011 and 2012

Rating Action: Moody's upgrades LEAF Receivables Funding equipment backed ABS from 2011 and 2012 Rating Action: Moody's upgrades LEAF Receivables Funding equipment backed ABS from 2011 and 2012 Global Credit Research - 28 Feb 2014 Approximately $168 million of asset-backed securities affected New

More information

The Role of Credit Scores in Consumer Loan Securitization

The Role of Credit Scores in Consumer Loan Securitization SM FEBRUARY 2015 The Role of Credit Scores in Consumer Loan Securitization Contents Using Credit Scores in the Securitization Process 1 The Credit Score: Securitization Risk Disconnect 3 Resolving the

More information

(Part.1) FOUNDATIONS OF RISK MANAGEMENT

(Part.1) FOUNDATIONS OF RISK MANAGEMENT (Part.1) FOUNDATIONS OF RISK MANAGEMENT 1 : Risk Taking: A Corporate Governance Perspective Delineating Efficient Portfolios 2: The Standard Capital Asset Pricing Model 1 : Risk : A Helicopter View 2:

More information

Planning a Basel III Credit Risk Initiative

Planning a Basel III Credit Risk Initiative Risk & Compliance the way we see it Planning a Basel III Credit Risk Initiative How to Achieve Return on Investment Contents 1 Introduction 3 2 Banks need a strong data foundation 4 3 A new focus on models

More information

Asset Management Solutions for Research Analysts THE CHALLENGE YOUR END-TO-END RESEARCH SOLUTION

Asset Management Solutions for Research Analysts THE CHALLENGE YOUR END-TO-END RESEARCH SOLUTION Asset Management Solutions for Research Analysts THE CHALLENGE In today s high-speed global research and investment environment, the primary challenge for research analysts is how to efficiently collect,

More information

JULY 2015 METHODOLOGY. Canadian Surveillance Methodology for CDOs of Large Corporate Credit

JULY 2015 METHODOLOGY. Canadian Surveillance Methodology for CDOs of Large Corporate Credit JULY 2015 METHODOLOGY Canadian Surveillance Methodology for CDOs of Large Corporate Credit PREVIOUS RELEASE: JULY 2014 Canadian Surveillance Methodology for CDOs of Large Corporate Credit DBRS.COM 2 Contact

More information

Global Oil & Gas Suite

Global Oil & Gas Suite IHS ENERGY Global Oil & Gas Suite Comprehensive analysis and insight on upstream opportunities, risk, infrastructure dynamics, and downstream markets Global Oil & Gas Suite Make optimal decisions about

More information

Investment Performance Analysis Market Practices and Industry Trends

Investment Performance Analysis Market Practices and Industry Trends Investment Performance Analysis - Market Practices and Industry Trends January 2015 1 Investment Performance Analysis Market Practices and Industry Trends Published January 2015 PK Consulting Ltd Sponsored

More information

CRISIL Mutual Fund Ranking Methodology

CRISIL Mutual Fund Ranking Methodology CRISIL Mutual Fund Ranking Methodology Argentina China Hong Kong India Poland Singapore UK USA CRISIL Limited: CRISIL House, Central Avenue, Hiranandani Business Park, Powai, Mumbai 400076. India Phone:

More information