☁ Runs on the Cloud or on premises
Cover IFR/IFD and simulate impact
Everix proposes funds and investment firms a robust and easy-to-use implementation of 2019/2033 regulation with rich view of K-factors available from your browser.
Simulate pre-trade impact on capital of any asset class right from your browser, receive daily reports and be guided on the methodological choices.
K-factors without hassle
Most investments firms and funds are subject to report K-factors
K-factors rely on different methods of data aggregation depending on methodological choices. This requires significant attention to details, requires a lot of manipulations and is prone to errors.
Figures computed daily and published monthly with internal and regulatory limits . All asset classes covered for listed and OTC derivatives: commodities, equities, interest rate, forex.
Guided experience
We provide full guidance: plugging Everix to your Front-Office system, choosing the most suitable methodology, tuning for your needs, adjusting regulatory reports. No thirdparty contractors, fast implementation, very affordable.
Regulatory Coverage
Risk-To-Clients (RtC) factors
- Scope: all trades
- Various historical depths computed: 6/9/15 previous months
- Arithmetic average of daily volumes of trading
- K-COH Interest Rates derivatives adjusted by duration
Market Risk: Risk-To-Market (RtM) factors
- Scope: listed and OTC derivatives of trading portfolio
- K-NPR for uncleared portfolios and K-CMG for clearing or margining upon approval, or both
- Automatic replication of the trades in elementary positions to properly net within bands
- Goal: Proper capture of netting and hedging effects
Counterparty Risk: Risk-To-Firms factors (RtF)
- Scope: derivatives portfolio for K-TCD and K-CON
- Exposure by counterparty = replacement cost RC + PFE potential future exposure
- Several options for PFE: standardized approach of CCR 575/2013, SA-CCR, or internal models with justification and approval
- Netting and hedging with risk mitigants: collateral balance, CSA attributes (MTA, IA, TH, IM etc.)
- Daily monitoring of exposure to check concentration with reporting and warnings
Reporting, Limits, Alerts
- Limits and alerts for trading
- Auditing workflow of the results
- Client-specific reporting to risk management and executives
- Monthly regulatory reporting to the authorities (EOM)
Pre- and Post-trade What-if
- Analyze impact of new and modified trades on K-Factors and other metrics
- Run from Front-Office or Everix
- Simulate single trades, groups, books, or portfolios
- 🍒 Combine with market What-If analysis
Consolidate Risks
Initial Margin and VaR
- Ready for Initial Margin (SIMM or schedule)
- Forecast, stress tests or extreme scenarios
- Plug your own VaR or compute it in Everix
- Fully compatible with internal model approval
