The UnRisk consortium takes UnRisk 3 to financial institutions, to quickly analyse a broad variety of deal types of Equities, FX and Interest Rates in an easy-touse, cost-effective system.

16-Oct-08 – UnRisk today announced it has released UnRisk PRICING ENGINE version 3, introduced as UnRisk 3. This release is free for all UnRisk Premium Service users and will be shipped to all new customers immediately. The UnRisk PRICING ENGINE has been introduced 2001. Now, UnRisk 3 is the 14th release of the fast-paced and accurate derivatives analytics platform.

UnRisk 3 turns Hull & White, Black Karasinski and Libor Market models into values by representing them with the most advanced numerical schemes and solve the inverse problem of model calibration correctly. As all previous releases, UnRisk 3 includes new deal types, which were required by its fast growing customer base and tested on real deal cases. UnRisk customers receive know-how packages, supported an interactive help browser and a documentation of the algorithmic approaches.

UnRisk 3 integrates an optimized C++ engine into Mathematica. It is a complete solution for professionals who require immediate pricing and analytics. They usually work in its Excel front-end. And it is a development environment for declarative derivatives analytics customization.

Beneficial on its own and powerful for more

A grid-enabled version of the UnRisk PRICING ENGINE is also the computational foundation for UnRisk’s risk-analytics-in-real-time platform, the UnRisk FACTORY. UnRisk FACTORY is designed to offer the following benefits to its users:

• Faster Time-to-Insight – thousands of positions across scenarios are Valuated in short time
• High Accuracy – computational speed allows for uncompromised model precision
• Complete Evidence – all valuations are made persistent for unlimited historical analysis
• Wide Access – via an easy to use web front-end
• Lower Total Cost of Ownership – high throughput with a high utilization of a minimalist infrastructure

Great Opportunity for Customers and Partners

Close to 100 institutions world-wide (30 in Austria) use UnRisk. But UnRisk is also a broad platform for partners. They range from front-to-back office system makers to solution integrators. Solventis, a highly specialized consulting services firm, located in Barcelona, Spain selected UnRisk as strategic platform for risk management consulting and as the technological foundation for their online application server. “At Solventis, we design and implement risk management policies, procedures and measures and thus cannot use black-box solutions,” said Guillermo Alfaro Bau, member of the top management team, when he explained, why Solventis selected UnRisk.