Norma Exposure

Counterparty exposure,
recomputed on demand.

PFE with and without initial margin, limit usage, what-if and stress, recomputed before the trade and when markets move, alongside the SA-CCR figures from Norma Capital. Supervisors ask for limits monitored daily and stress at the pace of the market; an overnight batch cannot do either.

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Supervisory expectations

The ECB's 2023 report set out 43 sound practices for counterparty credit risk, made remediation a priority for 2024 to 2026 and ran a counterparty-risk scenario exercise in 2025. The practical demand is the same everywhere: know your exposure before the trade, re-run it when markets move, and stress it without an IT project.

Norma computes

PFE profiles per netting set and counterparty
SA-CCR exposure and capital, from Norma Capital
Pre-trade incremental exposure and limit usage
Initial margin under ISDA SIMM, and the exposure that remains after it
What-if on trades, market data and collateral terms
Historical and hypothetical stress, on demand

Exposure by netting set

Profiles over time

Expected exposure, PFE and expected negative exposure per netting set out to maturity, recomputed on demand.

Any netting set, any date
Limit usage alongside
Pre-trade incremental view

Expected positive, potential future and expected negative exposure profiles for a netting set, with exact values on hover

The difference a trade makes

Exposure before and after a what-if on the same chart, so a new trade, an unwind or a change of terms is judged on its real effect on the profile.

Before and after on one chart
By netting set
Novation, unwind, new trade

Exposure profiles before (solid) and after (dashed) the what-if scenario, with exact values on hover

The terms that shape them

The CSA terms of each netting set, thresholds, minimum transfer amounts, variation and initial margin, editable for what-if and re-run live.

CSA terms, VM and IM, per netting set
Change a term, re-run live
Trades and counterparties behind it

Change a netting set's collateral terms and assess its impact, to see whether it is worth renegotiating with the counterparty

Stress on demand

Pick saved shock scenarios and apply them to the book in a what-if run; exposure and limits re-run without an IT request.

Historical and hypothetical
Saved and reusable
Same engine as capital

Norma Market Risk

Pick one or more saved shock scenarios to apply to the market data in the what-if run

See your exposures recomputed live, on your own trades.

Get in touch

Request a demo on your own trades, or just talk to us.

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