Numerix Launches Industry’s First CVA Roadshow Examining the Challenges of Credit Value Adjustment under Basel III

Business Wire

Monday, June 4th 2012

Numerix, Microsoft & PRMIA Partner to Host Global Executive Thought Leadership Event Series Addressing CVA Business, Quantitative and Technology Best Practices

Numerix (www.numerix.com), the leading provider of cross-asset analytics for derivatives valuations and risk management, its strategic partner Microsoft and the Professional Risk Managers' International Association (PRMIA), today unveiled their plans to host a series of executive industry forums focused on CVA (Credit Value Adjustment). These global forums will bring together industry leaders to discuss the trading, quantitative and technological challenges banks face in CVA implementation for both vanilla and exotic derivatives under the Basel III framework.

The CVA Roadshow kicked-off with a successful event at New York City’s Harvard Club on April 10 with over 100 industry professionals in attendance. In June additional events will be hosted in Milan, Frankfurt, Vienna and Paris, with forthcoming forums scheduled for Fall 2012 in several additional locations including Beijing and London.

“As the market leader in the cross-asset analytics space, we consider it our responsibility to help the industry fully understand the broad-reaching implications of CVA, as well as practical implementation solutions,” said Steve O’Hanlon, President & COO of Numerix. “We’re proud of the initiative we’ve taken alongside Microsoft and PRMIA with regard to this important and complex regulatory requirement. With the Basel III CVA deadline fast approaching, there’s no better time to launch a thought-provoking event series which provides actionable insights on CVA best practice from the regulatory, quantitative, trading, and technology perspectives.”

Follow the CVA Roadshow conversation and the latest from Numerix at:

Twitter: @nxanalytics hashtag: #CVAForum

LinkedIn Group: Numerix CVA Forum

The CVA Roadshow: Key Dates, Cities and Speakers

Presentations will include thought provoking discussion and interactive Q&A sessions around:

The regulatory and business drivers for cross asset, real-time CVA
Basel III and its ramifications for European, U.S. and Asia Pacific market participants
CVA VaR (Value-at-Risk)
DVA/FVA (Debt Value Adjustment / Fund Value Adjustment)
The quantitative and trading implications for CVA
Real-time pre-trade analysis with CVA
The technology implications of measuring CVA
Data aggregation challenges
Performance and scalability expectations

June 19, 2012 – Milan: Agenda & Registration