The UnRisk consortium takes UnRisk 4.1 to financial institutions, to valuate new deal types and features, like amortization features.

27-Jul-10 – UnRisk today announced it has released UnRisk PRICING ENGINE and UnRisk-Q version 4.1, introduced as UnRisk 4.1. 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 4.1 is the 17th release.

New in UnRisk 4.1: the vast variety of interest rate based contracts can be analyzed across short rate and market models. It has been extended by new bond and swap types with sophisticated contract features. More complex equity derivatives can be valued under the Heston model.

The valuation and calibration engines are implemented the UnRisk way: with the most advanced numerical schemes, parameter identification and optimization techniques transferred from the most complex technical system solving to finance.

Compute – develop

UnRisk integrates a numerically optimized C+ engine into Mathematica 7. The PRICING ENGINE comes with a Mathematica and an Excel front-end. UnRisk-Q, dedicated to quant-programmers, with a Mathematica front-end.

With built-in parallel computing, every copy of UnRisk 4.1 comes standard with parallelized computation kernels over multiple local cores or over networks of UnRisk 4.1 deployed across a grid. Every copy of UnRisk 4.1 comes with four computation kernels that can be extended easily.