SOURCE: Kamakura Corporation

Kamakura Corporation

September 14, 2011 11:00 ET

Kamakura Corporation Announces Non-Public Firm Default Model

Model Is Seamlessly Integrated With KRIS and KRM

NEW YORK, NY--(Marketwire - Sep 14, 2011) - Honolulu-based Kamakura Corporation announced Wednesday that the Kamakura Risk Information Services Non-Public Firm Default Model is immediately available on the KRIS web site and within Kamakura Risk Manager. The Kamakura Non-Public Firm Model is based on 2.866 million annual observations of non-public firms and 41,119 company failures in a multi-national non-public firm data base. The KRIS Non-Public Firm Model uses six key inputs from Kamakura's industry leading KRIS Public Firm Models, first launched in 2002. The KRIS Non-Public Firm Model displays default probabilities on an annualized, cumulative and forward basis for a 1, 2 and 3 year term.

"In the wake of the 2007-2009 credit crisis and the well-known performance of legacy rating agencies, Kamakura's risk information and risk management software clients have strongly encouraged Kamakura to launch a state of the art non-public firm model," said Kamakura Chief Administrative Officer Martin Zorn. "As a banker with three decades of lending experience, I can say that the new KRIS Non-Public Firm Model brings credit risk insights that are orders of magnitude better than existing models from both an accuracy and a stress testing perspective. We look forward to working with Kamakura clients around the world to help them immediately profit from these insights."

The Kamakura Non-Public Firm Model subscription includes a complete technical guide authored by Professor Robert A. Jarrow, Kamakura's Managing Director for research, and other Kamakura colleagues. The technical guide includes all inputs and all coefficients used in the model and a complete suite of Basel-focused accuracy tests. Because of the complete integration of KRIS version 5.0 public firm default probabilities in the KRIS Non-Public Firm Model, the long term accuracy of the Non-Public Firm Model is actually even better than older versions of KRIS public firm models. Those older public firm models, in turn, were more accurate than legacy ratings on public firms. For a complete review of the Kamakura Non-Public Firm Model and its accuracy, please contact and download the KRIS Non-Public Firm brochure from the following link:

About Kamakura Corporation
Founded in 1990, Honolulu-based Kamakura Corporation is a leading provider of risk management information, processing and software. Kamakura has taken Credit Technology Innovation Awards from Credit Magazine each year since 2008. In 2010, Kamakura was the only vendor to win 2 innovation awards, one each with distribution partners Fiserv and Thomson Reuters. Kamakura, along with its distributor Fiserv, was ranked number one in asset and liability management analysis and liquidity risk analysis in the RISK Technology Rankings in 2009. Kamakura Risk Manager, first sold commercially in 1993 and now in version 7.3, was also named in the top five for market risk assessment, Basel II capital calculations, and for "risk dashboard." Kamakura was also ranked in the RISK Technology Rankings 2008 as one of the world's top 3 risk information providers for its KRIS default probability service. The KRIS public firm default service was launched in 2002, and the KRIS sovereign default service, the world's first, was launched in 2008. KRIS default probabilities are displayed for 4000 corporates and sovereigns via the Reuters 3000 Xtra service and the Thomson Reuters Eikon service. Kamakura has served more than 200 clients ranging in size from $1.5 billion in assets to $1.6 trillion in assets. Kamakura's risk management products are currently used in 34 countries, including the United States, Canada, Germany, the Netherlands, France, Austria, Switzerland, the United Kingdom, Russia, the Ukraine, Eastern Europe, the Middle East, Africa, South America, Australia, Japan, China, Korea and many other countries in Asia.

Kamakura has world-wide distribution alliances with Fiserv (, Sumisho Computer Systems (, Unisys (, and Zylog Systems ( making Kamakura products available in almost every major city around the globe.

Contact Information