QuIC Financial Technologies

QuIC Financial Technologies

October 16, 2009 10:00 ET

QuIC Financial Technologies to Host Series of CVA (Credit Valuation Adjustment) Seminars in Asia Pacific

Seminars to discuss best practices and knowledge gained from successful CVA implementations in Europe and North America

VANCOUVER, CANADA--(Marketwire - Oct. 16, 2009) - QuIC Financial Technologies Inc, a global solutions provider of risk management, pricing and financial analytics, today announced that following the overwhelming success and interest in the company's CVA Solution in Europe and North America, QuIC aims to build on its global CVA leadership with a series of CVA seminars in the Asia Pacific region.

Responding to accelerated demand for CVA solutions in Asia Pacific, these QuIC seminars offer an in-depth look at lessons learned from real-life implementations. Each seminar combines the best business practices for CVA currently being adopted by global tier-one financial institutions with practical knowledge designed to help implement CVA in local and regional markets.

"The tremendous success and interest in our CVA solution in Europe and North America has enabled our team to develop best practices and implementation strategies that offer significant value to the entire industry," stated Liam Cuddy, Sales Director North America and Asia for QuIC. "We are extremely pleased to host our CVA Seminar Series in Asia Pacific so that we may not only deliver our vision and expertise to better serve clients in this key market region, but also to open up dialog between the financial institutions to foster a regional approach to best business practices."

In line with increasing market sensitivities, mounting regulatory mandates and on-going credit market volatility in today's global marketplace, QuIC's CVA Solution has gained significant traction amongst risk managers in Europe and North America. This flexible solution accommodates the varied approaches to CVA, delivers a strong return on investment and provides assistance in moving towards an active dynamic hedging strategy.

"Despite the growing demand for CVA, there are still unique challenges to implementing a solution that achieves desired internal and regulatory outcomes. Currently there is no common process or industry recommended practice," stated Mark Putnam, who oversees business development in Asia for QuIC. "We developed this seminar series to bring together key stakeholders in the Australian and Asia Pacific regions to discuss our experiences and successes, and prompt discussion on CVA implementation and hedging."

About QuIC Financial Technologies, Inc.

QuIC is a global solutions provider for risk management, pricing and financial analytics. The QuIC Product Suite features an exceptionally fast vector-based calculation and simulation platform for pricing, risk management and financial analytics. Built with fully open technology, the QuIC Product Suite integrates easily with in-house and partner systems and operates in diverse environments, from a single laptop to large distributed grids. QuIC technology is delivered on a shared calculation fabric available to multiple recipients throughout the enterprise, allowing risk management professionals to collaborate in developing new analytics strategies and technology solutions.

Contact Information

  • QuIC Financial Technologies Inc.
    Julie Zuzek
    Director of Marketing and Communications
    +44 (0)20 7562 4570
    +44 (0)20 7562 4571 (FAX)
    julie.zuzek@quic.com