a ladder report) or randomized set of shocks applied to various scenarios taken from historical data.
Our quantitative services clients benefit from the fact that Numerix separates the model from the payoff and the method.
In fact, any validation test can be serialized and exported into a self-contained Numerix XML file that captures all model inputs, including terms and conditions, market data, model choice and calibration assumptions, calendars and more.
Once converted to XML, the model can be ported throughout the institution for use within any operations.
We can help you to select and implement the most suitable procedures that you need to validate your risk model, to ensure that they can be performed reliably and repeatably as needed.