Moody’s RiskCalc× for private UK companies is a web-based model for estimating the probability of default (PD) on obligations of non-financial UK private companies. Moody’s RiskCalc UK uses eight financial ratios to reflect a firm’s profitability, gearing, debt coverage, liquidity, activity levels and sales growth. Adjustments were made for industry sector and firm size. MRMS chose the ratios for each category on the basis of their stand-alone ability to predict default and for their behaviour within a multivariate model. They were then transformed to produce one and five-year PD’s that are also mapped to Moody’s Investors Service’s historical bond default rates. The model, developed in co-operation with Oliver, Wyman & Company, has been calibrated to the unique attributes of UK private companies, using financial statement data on a historical database of UK private firms, of which over 4,500 had defaulted. This model can be used to benchmark risk for a single company or manage the credit risk of an entire portfolio.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more