As an independent expert, the Norwegian Computing Center (Norsk Regnesentral, NR) has during the last year performed a validation of a Risk Management Software (RMS) for the Swiss company SIX Securities Services.

“We are very satisfied with the work NR has conducted in this project,” says Markus Gumpfer, Head Risk Management, Member of the Management Committee, SIX Securities Services. “In addition to their extensive knowledge of statistical methods used for risk management purposes, NR has acted very professional, with services delivered on time and within budget.”

SIX Securities Services provides a range of post-trade services that play a key role for Switzerland’s financial market infrastructure. Over the past twelve months, it implemented an external Risk Management Software (RMS) in order to enhance the risk management framework of its legal entities SIX x-clear Ltd (international central counterparty in securities trading) and SIX SIS Ltd (settlement of securities transactions, safe custody and administration of securities). The RMS shall perform daily validation of the model parameters and assumptions of SIX Securities Services’ clearing model and collateral management framework. 

As an independent expert, the Norwegian Computing Center (Norsk Regnesentral, NR) has performed a validation of the RMS. “We are very satisfied with the work NR has conducted in this project,” says Markus Gumpfer, Head Risk Management, Member of the Management Committee, SIX Securities Services. “In addition to their extensive knowledge of statistical methods used for risk management purposes, NR has acted very professional, with services delivered on time and within budget.”