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Comprehensive credit risk management solution for brokerages with counterparty exposure tracking, limit monitoring, collateral management, margin calculation, pre-trade controls, and regulatory compliance capabilities.
More about Calypso Technology (Adenza)
Solutions for assessing counterparty credit risk, setting and monitoring credit limits, and managing collateral requirements for margin accounts and securities lending.
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Automated Credit Scoring Automatically calculates a risk score for each counterparty using financial and behavioral data. |
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Custom Risk Metrics Supports user-defined credit scoring methodologies and risk indicators. |
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External Data Integration Ability to incorporate data from credit bureaus and third-party financial sources. |
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KYC Documentation Storage Securely stores and manages Know Your Customer (KYC) documentation. |
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Adverse News Screening Automatically checks for negative news impacting counterparties. |
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Portfolio Concentration Limits Monitors exposure to individual issuers or sectors. |
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Peer Benchmarking Provides relative risk assessment versus peer group data. |
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Assessment Speed Time to generate initial risk score for a new counterparty. |
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Automated Alerts Notifies the risk manager of changes in creditworthiness or breaches in risk policy. |
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Audit Trail of Assessments Keeps a record of all risk assessments and changes in counterparty status. |
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Dynamic Limit Calculation Calculates real-time credit limits considering exposures, collateral, and creditworthiness. |
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Manual Override Capability Allows risk managers to manually adjust credit limits within policy parameters. |
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Limit Hierarchies Supports group- and entity-level limit aggregation. |
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Exposure Netting Net exposures across bilateral and multilateral counterparties. |
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Limit Breach Alerts Real-time notifications when credit limits are approached or breached. |
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Proposed vs. Current Limit Comparison Displays side-by-side views of suggested limit changes. |
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Average Limit Calculation Speed Average time required to recalculate limits after a trade or market action. |
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Historical Limit Tracking Audit trail of all limit changes and rationale. |
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Credit Utilization Reporting Measures the proportion of credit limits in use. |
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Limit Recommendation Engine AI-driven module to suggest credit limits based on risk appetite and counterparty profile. |
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Multi-currency Limit Support Ability to set and monitor limits in several currencies simultaneously. |
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Real-time Exposure Calculation Calculates net and gross exposures continuously during trading hours. |
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Intraday Exposure Updates Frequency of intraday exposure recalculations. |
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Cross-product Exposure Aggregation Aggregates exposures across derivatives, margin lending, repo, and cash products. |
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Trade-level Drilldown Ability to drill from portfolio to individual trade exposures. |
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Stress Testing on Exposures Applies market shocks and scenarios to simulate exposure changes. |
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Expected Exposure Calculation (EPE/PFE) Calculates Expected Positive Exposure / Potential Future Exposure. |
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Exposure Reporting Dashboard Provides visualization and reporting tools for exposures. |
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Exposure Aging Analysis Analysis of how long exposures have been held. |
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Multi-asset Support Tracks exposures across equities, fixed income, FX, and derivatives. |
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Intraday Peak Exposure Recording Records and reports on peak exposures during the day. |
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Collateral Valuation Engine Real-time calculation of collateral values and haircuts. |
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Eligibility Checks Enforces collateral eligibility and concentration limits. |
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Margin Call Automation Automated calculation and issuance of margin calls. |
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Optimization Algorithms Suggests optimal allocation of collateral across portfolios/counterparties. |
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Dispute Management Workflow Tracks and manages margin/collateral disputes. |
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Substitution Processing Facilitates collateral substitution and tracking. |
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Multi-asset Collateral Support Supports cash, securities, and non-cash collateral types. |
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Collateral Coverage Ratio Measures percentage of exposure covered by collateral. |
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Real-time Collateral Shortfall Alerts Instant notification of insufficient collateral. |
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End-of-day Margin Call Volume Number of margin calls processed per day. |
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Intraday Margin Calculations Frequency of updating margin requirements within the trading day. |
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Scenario Margining Margin requirements can be run under stress or ‘what-if’ scenarios. |
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Portfolio Margining Margin calculation considers risk offsets at the portfolio level. |
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Real-time Breach Notification Detects and notifies about margin breaches as they occur. |
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Minimum Margin Enforcement System enforces predefined minimum margin requirements. |
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Margin Requirement Analytics Visual analytics and reporting for margin set, called, and posted. |
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Historical Margin Utilization Reporting Tracks margin utilization trends over time. |
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Automated Liquidation Triggers Auto-initiates asset liquidations if margin calls are not met. |
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Multi-currency Margin Support Handles margin calculations across multiple currencies. |
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Client Notification Workflow Automated communications for margin requirements. |
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Custom Report Builder Enables users to design customized credit risk and exposure reports. |
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Regulatory Reporting Templates Predefined templates for BASEL, EMIR, and other regulatory regimes. |
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Trend Analysis Tools Analyze trends in exposure, margin, and limit breaches. |
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Real-time Dashboard Widgets Allows for live visualization of exposures and limit statuses. |
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Export to Multiple Formats Supports data export in XLS, PDF, CSV, XML, etc. |
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Scheduled Report Automation Automatic generation and distribution of risk reports. |
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Access and Permissions Management Controls report access by user, group, or role. |
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Drill-down/Drill-through Reporting Interactive exploration from summary to detail in reports. |
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Exception and Outlier Detection Flags exposures or limit utilizations that deviate from historical norms. |
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Report Generation Speed Time taken to produce standard risk reports. |
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API Availability Exposes RESTful and/or SOAP APIs for data exchange. |
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FIX Protocol Support System supports FIX messages for trading and credit checks. |
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Plug-ins for Major OMS/EMS Pre-built interfaces to most major Order/Execution Management Systems. |
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Batch Import/Export Handles large data imports/exports on a scheduled or ad-hoc basis. |
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Real-time Data Feed Integration Integrates with market data, reference data, and clearing services. |
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Single Sign-On (SSO) Seamless authentication integration via SSO protocols. |
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Custom Integration Toolkit Provides tools for building custom connectors or adapters. |
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Latency of Integration Minimum time delay for real-time data synchronization. |
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Cloud-native Support Ready for use in public/private/hybrid cloud environments. |
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Data Transformation Utilities Automated translation/mapping between external and internal data formats. |
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Role-based Dashboards Tailors presentation and data access by user role (risk, sales, operations, etc.). |
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Self-service Configuration Users can customize workflows, alerts, and reports without IT intervention. |
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Notification Preferences Users can define how and when to receive alerts (email, in-app, SMS). |
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Accessibility Features Supports accessibility standards for visually or physically impaired users. |
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Multi-language Interface System provides UI in multiple languages. |
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Web and Mobile Access Available via both web browser and mobile applications. |
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Custom Theme/Branding Allows organizations to apply their own branding and style. |
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Average Screen Load Time Time to load standard user interface screens. |
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Help and Training Modules Built-in training and contextual help documentation. |
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User Feedback Mechanism In-app submission of suggestions, feature requests, or issues. |
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Data Encryption Uses strong encryption for data at rest and in transit. |
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Access Control Robust, configurable permissions down to the field level. |
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Audit Logging Full logs of user activities and system events. |
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GDPR/CCPA Compliance System facilitates compliance with privacy regulations. |
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Secure API Authentication Supports OAUTH2, SAML, or similar protocols. |
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Penetration Testing Status Whether the product undergoes regular penetration tests. |
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Segregation of Client Data Prevents access to one client’s data from another client’s users. |
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Automated Compliance Checks System runs policy checks on all risk and limit actions. |
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Configurable Data Retention Policies Ability to set data archival/scrubbing rules for regulatory retention. |
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Incident Response Time Expected time to respond to security/compliance alerts. |
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Real-time Breach Alerts Instant notifications of exceeded credit limits, margin shortfalls, or other key thresholds. |
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Configurable Alerting Rules Users can define custom alerting logic and thresholds. |
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Alert Escalation Workflow Escalates unaddressed alerts to higher-level management. |
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Alert Delivery Methods Methods supported (email, SMS, push, system inbox). |
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Historical Alert Log Full history of triggered alerts and user responses. |
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User Acknowledgement Tracking Requirement and tracking of user acknowledgement on critical events. |
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Average Alert Delivery Latency Time to deliver and acknowledge alerts. |
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Automated Remediation Initiates workflow actions (e.g., block trades) when breaches persist. |
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24/7 Monitoring Capability Around-the-clock surveillance of critical risk metrics. |
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Alert Prioritization Ranking and color-coding of alerts by criticality. |
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Bulk User Administration Add, edit, or remove multiple users simultaneously. |
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Self-healing Infrastructure Automated system recovery and failover capability. |
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Scheduled Maintenance Tools Tools for system updates, backups, and maintenance windows. |
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Health Monitoring Dashboard Live view of system health and component status. |
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Change Management Logging Full audit of all configuration and maintenance changes. |
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Automated Uptime Reporting Automated calculation and alerting for system availability. |
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Average System Downtime Average downtime per month during maintenance or outage. |
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Automated Backup Scheduling Schedule and execute regular full/system backups. |
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Role-based Administration Controls Limits admin function access by role. |
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Cloud or On-prem Deployment Option Available for either on-premises or cloud environments. |
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Software for measuring market exposure through VaR (Value at Risk), stress testing, and scenario analysis across diverse market conditions and asset classes.
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Real-Time Data Feeds Supports automated, real-time streaming of prices and quotes from exchanges and OTC sources. |
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Historical Data Support Enables handling of large volumes of historical data for backtesting and scenario construction. |
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Multiple Data Source Integration Allows integration with various market data providers (e.g., Bloomberg, Reuters, ICE, proprietary). |
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Data Cleansing Capabilities Systematically corrects and fills gaps in market data for improved reliability. |
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Reference Data Management Supports mapping and enrichment of assets with reference and master data (e.g., ISIN, CUSIP, sector). |
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Latency The time taken to update the system with new data. |
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Data Storage Capacity The maximum volume of historical market data the system can store and process. |
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Event-based Data Triggers Ability to process data update triggers based on market events (e.g., circuit breakers, corporate actions). |
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Normalization Engine Ensures all data inputs are standardized for downstream analytics. |
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Market Specific Data Parsing Recognizes and appropriately parses data from asset class-specific feeds (FX, rates, equities, commodities). |
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Value at Risk (VaR) Models Supports parametric, historical simulation, and Monte Carlo VaR calculation methods. |
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VaR Horizon Customization User-defined horizons (e.g., 1-day, 10-day) for VaR computation. |
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Confidence Level Setting Customizable VaR confidence intervals (e.g., 95%, 99%). |
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Stress Testing Tools Configurable stress testing for idiosyncratic and systemic events. |
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Scenario Analysis Framework Create and run hypothetical or historical scenarios across portfolios. |
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Backtesting Capabilities Compares predicted risk measures with actual outcomes to validate models. |
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Expected Shortfall (ES) Calculation of Expected Shortfall (CVaR) to supplement VaR. |
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Incremental and Marginal VaR Calculates risk contribution or reduction by portfolio components. |
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Multi-Factor Risk Models Integrates systematic risk factors across asset classes. |
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Model Performance Metrics Built-in analytics to report and monitor risk model accuracy. |
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Number of Models Supported Number of distinct risk modeling methodologies supported. |
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Listed Equities Direct support for global equities and related derivatives. |
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Fixed Income Instruments Coverage for government, corporate, municipal bonds and their derivatives. |
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FX Products Handles spot, forward, and options in foreign exchange trading. |
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Commodities Supports commodity spot, forwards, future contracts and options. |
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Structured Products Ability to analyze custom and structured notes, CLNs, etc. |
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Complex Derivatives Covers exotic options, swaps, and other non-vanilla derivatives. |
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Private Assets Integration of private placements, PE, VC positions if relevant. |
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Crypto & Digital Assets Capability to assess risk on digital tokens and crypto derivatives. |
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Asset Class Extensibility Support for user/administrator-driven addition of new instruments. |
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Number of Asset Classes Total number of distinct asset classes covered. |
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Multi-level Aggregation Aggregates risk at trade, account, desk, portfolio, and firm levels. |
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Legal Entity Views Organizes exposures by legal entity/subsidiary. |
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Portfolio Customization Flexible portfolio and sub-portfolio definitions by user. |
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Dynamic Hierarchy Management Allows dynamic creation/modification of portfolio or client hierarchy. |
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Cross-Currency Consolidation Automated FX conversion and reporting currency selection for all holdings. |
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Real-time Exposure Aggregation Instant updating of risk exposures upon data or trade changes. |
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Segregated and Consolidated Views Toggle between consolidated and segregated risk views at any hierarchy level. |
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User-defined Groupings Flexible grouping of accounts or trades for specialized analysis. |
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Maximum Hierarchy Levels Defines the number of portfolio levels supported. |
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Computation Time per VaR Run Average time needed to compute VaR for a given portfolio. |
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Concurrent Users Maximum number of users who can access/run risk calculations simultaneously. |
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Transactional Data Throughput Volume of position/trade updates processed per second. |
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Horizontal Scalability System can scale across multiple servers or cloud instances as load increases. |
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Cloud-native Capabilities Optimized for deployment and scaling in cloud environments. |
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Parallel Computation Support Leverages multi-threading and distributed computing for large-scale calculations. |
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Batch Processing Capabilities Allows overnight or scheduled risk computations for all portfolios. |
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Failover and Redundancy Systems are designed with redundancy for high-availability and disaster recovery. |
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Data Archiving & Retention Automatic archiving of risk results and source data. |
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Resource Utilization Monitoring Tracks CPU/memory/network resource usage during calculations. |
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Web-based Interface Accessible via browser with no client installation required. |
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Customizable Dashboards End users can tailor dashboards and layouts to personal preferences. |
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Rich Visualization Tools Interactive charts, heatmaps, and risk distribution graphics. |
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Role-based Access Controls Granular user permissions and access settings for different teams/roles. |
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Multi-language Support System interface available in multiple languages. |
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Accessibility Compliance Adherence to standards (e.g., WCAG) for users with disabilities. |
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Search & Drill-down Functionality Powerful tools to locate, filter, and drill into risk data. |
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Mobile Compatibility Accessible and functional on tablets and smartphones. |
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Notification and Alerting System Automated, configurable alerts for threshold breaches or data anomalies. |
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Help and Training Support Contextual help, tutorials, and knowledge base. |
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Standard Risk Reports Pre-built regulatory, executive, and detailed risk reports. |
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Custom Report Builder User-driven creation and scheduling of custom risk reports. |
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Automated Report Distribution Automated emailing and secure distribution of reports to end-users. |
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Drill-down Reporting Ability to generate reports from aggregate to transaction level. |
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Ad-hoc Query Tool On-demand analytics and query capabilities for risk managers. |
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Multi-format Export Exports to Excel, PDF, CSV, XML, etc. |
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Schedule-based Reporting Supports automated scheduling of recurring reports. |
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Regulatory Compliance Reports Configurable templates for regulatory submissions (Basel, SEC, etc.). |
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Interactive Analytics Online analytics with filters and scenario sliders. |
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Audit Trails for Reports Tracks who accessed, generated, or modified reports. |
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Open APIs RESTful or SOAP APIs available for inbound/outbound data and process integration. |
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Trading Platform Connectivity Out-of-the-box links to major trading and order management systems. |
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Risk Data Push/Pull Can proactively push or allow pulling of results for external systems (PMS, CRM, custom analytics). |
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Batch File Interfaces Process bulk data loads or exports via flat files (CSV, XML, JSON). |
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Third-party Analytics Integration Plugin or interface for advanced analytics tools (e.g., MATLAB, R, Python). |
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Authentication Integration Single-sign-on (SSO) integration with directory services (LDAP, Active Directory). |
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Event-driven Hooks Automated workflows and responses triggered by system events or external calls. |
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Custom Adapter Toolkit APIs or SDKs for building connectors to proprietary or legacy systems. |
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Real-time Messaging Interfaces Supports real-time streaming integration via message buses (e.g., Kafka, RabbitMQ). |
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Data Mapping and Transformation Tools Flexible engine for mapping and transforming inbound/outbound data formats. |
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Complete Audit Trails Logs all key events, calculations, and user actions within the system. |
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Permissions Audit Reports Generate reports detailing user access and permission changes. |
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Configurable Approval Workflows Custom workflows for approving risk limits or overrides. |
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Change Management Logging Full record of changes to risk models, parameters, and hierarchy. |
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Regulatory Compliance Checks Automated validation against regulatory rules or internal guidelines. |
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Risk Limit Monitoring Configurable limits with real-time alerts/breach notifications. |
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Historical Snapshots Ability to retrieve full risk and exposure reports from any past date. |
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Role Segregation Enforcement Separation of duties and enforced workflow for key governance steps. |
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Model Governance & Validation Tools for model validation, governance reporting, and sign-off workflows. |
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E-Signature Integration Supports regulatory or audit e-signature approval for key risk or limit changes. |
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Data Encryption At Rest & In Transit Encryption protocols for stored and transmitted risk data. |
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Multi-factor Authentication Support for MFA to secure access to sensitive risk data. |
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Intrusion Detection Integration Links to organization security tools for threat detection. |
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Marketplace Certification Compliance with security certifications (SOC 2, ISO, etc.). |
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Disaster Recovery Procedures Documented and tested disaster recovery process. |
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Business Continuity Planning Redundant infrastructure to ensure service during outages. |
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Data Anonymization Built-in data masking and anonymization tools where applicable. |
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Audit Logging of Security Events Detailed logging of all access and security events. |
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User Session Timeout Automatic session expiration for inactive users. |
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Penetration Testing & Vulnerability Assessments Regularly scheduled security assessments. |
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Model Versioning Tracks all versions of risk models, with rollback capability. |
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Model Documentation Attach supporting documentation for each model in use. |
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Model Validation Workflow Formal workflow for model validation, sign-off, and periodic review. |
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Independent Model Review Support Enables external or independent model validators to access models securely. |
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Parameter Sensitivity Analysis Tools for analyzing model behavior as parameters change. |
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Model Approval Recording Logs dates and sign-offs for all major model changes. |
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Out-of-sample Testing Support for model validation using out-of-sample data. |
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Model Performance Reporting Automatic reports on model accuracy and predictive power. |
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Model Decommissioning Tools Formal process and workflows for retiring obsolete models. |
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Number of Models under Management The total number of risk models the system can version and track. |
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