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Every institution that holds OTC derivatives needs these numbers: for pricing, for capital, for IFRS 13 fair value, for counterparty limits. The engine is the same. The entry point differs.
Pre-trade XVA impact with capital in the quote, SA-CVA and BA-CVA side by side, PFE and limits live, VaR drilldown live, on the same engine. Hosted analytics dashboards, or the API in your own tenancy.
Start hereTwo banks will quote different XVA on the same hedge, because their methods, their funding and the CSA terms differ. Norma gives you your own number to check the quotes against, on uncleared hedging books, and the initial margin cost across counterparties and CSAs.
Start hereCVA and DVA for IFRS 13 fair value and hedge accounting on the house hedging book, and a check on what the banks charge, without a quant team.
Start hereCounterparty exposure and XVA on physical and financial books, where margining and credit terms drive the cost of hedging.
Start hereIf your bank hedges its derivatives book and sits on BA-CVA, you are paying capital on the hedges. The study shows what SA-CVA would do to the number, within days, on your own book.
ReadThe quote carries its own XVA, initial margin and capital, priced on the netting set before the trade is booked. The desk hedges from today's Greeks, not last night's run.
ReadPFE, SA-CCR and limit usage recomputed live for pre-trade checks and stress. And an engine validated against reference implementations for checking the numbers your firm already produces.
ReadFRTB and expected shortfall punish slow aggregation. Norma Market Risk re-aggregates the full portfolio in real time, from your own P&L vectors, so drilldown, what-if and attribution are questions, not overnight jobs.
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