Prometeia, the global provider of Risk Management consulting and software solutions, released a new version of its ERMAS Suite that includes a innovative tool for the calculation of future value of the bank’s portfolio. The Future Portfolio Evaluation Module is the new component of ERMAS Suite, fully integrated with the award-winning Enterprise Risk Management platform developed by Prometeia.
“This new development is a further step to make the Balance Sheet Simulation framework of Prometeia even more responsive to the needs of our international customers,” comments Andrea Partesotti, Head of Enterprise Risk Management Area in Prometeia. “We are confident that our clients will find our solution to be a powerful and effective answer to their demand for the evaluation of future estimated exposures, in order to verify the impact of alternative strategies and market scenarios.”
Among the newly released features, the new ERMAS module includes:
The Future Portfolio Evaluation methodology is based on an approximation method developed through a Taylor Series Expansion. As a foundation, Prometeia has put some key concepts:
Users of ERMAS will greatly benefit from this new set of features, which allow them to couple the projection of MTM and accrual basis measures in order to:
ERMAS, Prometeia’s new generation of value-centric Risk solutions, is used by over 200 clients in more than 20 different countries to support their critical decisions and to comply with local and international regulatory requirements.