Polaris FT Partners with Numerix for Credit Valuation Adjustment and Advanced Risk Capabilities

  Polaris FT Partners with Numerix for Credit Valuation Adjustment and
  Advanced Risk Capabilities

 Partnership Will Strengthen Polaris’ Intellect ^® Risk and Treasury Product
         with Numerix Risk Analytics for Basel Regulatory Compliance

Business Wire

CHENNAI, India & NEW YORK & LONDON -- February 12, 2013

Polaris Financial Technology Ltd (POLS.BO), a leader in products, solutions
and services that enable unprecedented operational productivity for the global
Financial Services industry, today signed a definitive agreement with US based
Numerix, a leading provider of cross-asset analytics for derivatives
valuations and risk management. Leveraging Numerix’s newly introduced
analytics calculation engine, CrossAsset Server and CrossAsset Integration
Layer for the integration, this partnership will provide clients with Numerix
risk analytics for improved risk monitoring, increased transparency and
decision making.

Polaris’ Intellect^® Risk and Treasury has more than 40 customers across 80
countries, which will now be able to comply with Basel regulatory
requirements, such as consistent pricing, stress testing and accurate
reporting of Credit Valuation Adjustment for robust Counterparty Credit Risk
management, by leveraging Numerix’s comprehensive model library and risk
analytics embedded as part of the solution. In addition, Polaris will support
banks to integrate Numerix models into their end-to-end pricing and risk
management solutions.

Speaking on the occasion, Mr. Manish Maakan, Partner & Global Head - Intellect
Business, Polaris Financial Technology Limited said, “Regulatory pressure and
changing business needs demand that banks, both buy side and sell side, be
able to access trading and risk management information across assets with
reliable risk models. Banks therefore need customizable solutions to comply
with regulatory Basel requirements. We now empower banks to seamlessly comply
with regulatory and Basel compliance at a competitive price point with
Polaris’ Treasury/Risk IP and Numerix’s risk analytics.”

Steven R. O’Hanlon, Chief Executive Officer & President, Numerix said,
“Numerix has a proven track record of providing users with market leading risk
management and pricing analytics software to structure and value any
conceivable type of financial instrument — from vanillas to the most complex
deals. We needed a partner with scale and reach who can provide access to
various global markets and we are excited about the opportunity to partner
with a global financial technology leader like Polaris.”

As the global leader in cross-asset analytics for vanillas through to the most
exotic Over-the-Counter (OTC) and structured products, Numerix provides
support for pre-trade pricing, structuring, trade capture, valuation, market
risk (all Value at Risk measures) and counterparty risk calculations including
Credit Valuation Adjustment (CVA), Debit Valuation Adjustment(DVA), Potential
Future Exposure(PFE) and Funding Value Adjustment(FVA). Numerix provides
comprehensive coverage for all major asset classes, including fixed income,
inflation, credit, equity, foreign exchange and commodity instruments, as well
as hybrids.

With a flexible and transparent framework and the industry’s most
sophisticated library of pricing and risk models at its core, the Numerix
analytics platform is the market standard for cross-asset analytics. Many of
the top trading and risk platforms used by today's financial institutions and
corporate treasuries have embedded the Numerix model library and pricing
architecture inside their systems. This offers a consistent pricing framework
that spans a wide range of standard technology platforms, fostering
transparency throughout the derivatives market.

About Numerix
Numerix is the award winning, leading independent analytics institution
providing cross-asset solutions for structuring, pre-trade price discovery,
trade capture, valuation and portfolio management of derivatives and
structured products. Since its inception in 1996, over 700 clients and 75
partners across more than 25 countries have come to rely on Numerix analytics
for speed and accuracy in valuing and managing the most sophisticated
financial instruments. With offices in New York, London, Paris, Frankfurt,
Milan, Stockholm, Tokyo, Hong Kong, Singapore, Dubai, South Korea, India and
Australia, Numerix brings together unparalleled expertise across all asset
classes and engineering disciplines. For more information please visit

About Polaris Financial Technology Ltd
Polaris Financial Technology Ltd (formerly known as Polaris Software Lab Ltd)
(POLS.BO) is a leader in Products, Solutions and Services that enable
unprecedented operational productivity for the global Financial Services
industry with its comprehensive portfolio of products and services. Polaris
has a talent strength of over 13,000 solution architects, domain and
technology experts. The company owns the largest set of Intellectual
Properties for a comprehensive product suite, Intellect^® Global Universal
Banking (GUB) M180. Intellect^® is the first pure play Service Oriented
Architecture (SOA) based application suite for Retail, Corporate, Investment
banking and Insurance.

Headquartered in Chennai, Polaris has offices in all global financial hubs,
including Bangalore, Belfast, Chennai, Chicago, Dhaka, Dublin, Dubai,
Frankfurt, Hong Kong, Ho Chi Minh City, Hyderabad, Kuala Lumpur, Lisle,
London, Madrid, Manila, Melbourne, Mississauga, Mumbai, Nairobi , Neuchatel,
New Delhi, New York (New Jersey), Paris, Pittsburgh, Pune, Riyadh, Santiago,
San Francisco, Seoul, Shanghai, Singapore, St. Germain En Laye, Sydney, Thane,
Tokyo, Toronto, Victoria and Wicklow. For more information, please visit


Polaris Financial Technology Ltd
Minal Sahani, +91 91766 26468
Emily Ahearn, 646-898-1294
Polaris Financial Technology Ltd
G. Sunanthy Devi, +91 8939933564
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