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Article: JULIUS FINANCE SELECTS SUPERCOMPUTING FOR CREDIT MODELING.
- Article from:
- Mainframe Computing
- Article date:
- October 1, 2007
CopyrightCOPYRIGHT 2007 Worldwide Videotex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Interactive Supercomputing's Star-P software is helping Julius Finance bring new computational techniques to one of the most challenging analytical problems in institutional finance: credit modeling.
Julius Finance is a private research company that is using high performance computers (HPCs) to analyze credit derivative products. With Star-P, the firm's researchers are able to rapidly develop new algorithms to create realistic credit models from which banks, hedge funds and other financial institutions can make more accurate predictions about a portfolio's potential.
"Existing mathematical frameworks for CDO (collateralized debt obligation) valuation ...