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CubeMatch is currently developing two new products for the banking industry.
The first is called CreditCube II (CCII) which is a Credit Risk management system tool. CreditCube II is a new release based on experience gained and work carried out for WestLB and BgB in the past (The systems were originally named GCIS and Drake).
CreditCube II is available in 4 separate modules. The Limit Manager and Exposure Manager modules can be used independently.
- Limit Manager.This manages the limits in a bank. (Phase 2 includes full limit application workflow and Internal Rating models)
- Exposure Manager. Independently calculates exposures of all trades based on a MTM plus volatility method. This can be used in real time and has the capacity for pre-deal checks (Phase 2 and 3 includes scenario based calculations, a MonteCarlo engine and the ability to calculate a CVAR)
- Violations Monitor. Calculates and manages Excesses and Violations (Phase 2 includes a workflow process for improved management of the Violations process)
- Reporting. - The reporting of limits, exposures and violations of counterparties, portfolios, risk categories and countries. (Phase 2 provides BASEL II calculation and extended reporting, including ad hoc reporting capabilities).
A technical fact sheet on the CCII can be accessed via CreditCube II Technical Fact Sheet. For more details on the CCII product, please contact consulting@cubematch.com.
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