ACES+ platform for complete credit risk analysis launched

The development work for ACES+ platform has been completed. ACES+ is a platform for counterparty credit risk measurement, analysis and pricing. It can be applied for the analysis of both cash and derivatives instruments portfolios. The system uses the technique of path-dependent Monte Carlo simulation to uncover exposures, and covers issues such as rating, rating migration, default, netting, portfolio effects, collateral and recoveries. The system is parallel-processing ready, and thereby, can deal with the largest and most complex of credit risk portfolios.