Ermas Consulting Inc. : Exceeding Expectations

Our Approach to Integration Consulting

Ermas Cash Flow Generator

  1. Overview
  2. Benefits
  3. Features
  4. Screenshots
  5. System Requirements

Overview

  • Streams of Cash flows can be computed based on SAS code
  • Alternatively third party cash flow generators (e.g. C language) can be leveraged
  • Ermas Cash flow Generator is extendible: The user can leverage any stress tests, scenarios and simulations, and can reuse the same cash flow generator to compute cash flows under scenarios and simulations
  • Scenarios can include both market scenarios and scenarios of transaction characteristics. Scenarios of transaction characteristics enable the user to simulate the construction of new structured deals for example.
  • Models written in SAS can be easily integrated in the application
  • Model versions can be kept (code driven)

Benefits

Cost efficient
  • Ermas Software deployment is based on basic SAS Modules referring to SAS BASE, STAT, ETS, IML, Graph, Integration Technology and SAS Share. This is a very cost effective way of deploying Risk Analytics.
  • Ermas Software also supports R language, C and C++ code. This enables the user for example to build Risk Analytics based on R open source language, in order to reduce commercial Software Fees.
Integrated with SAS
  • Proprietary SAS Model code can be fully applied within Ermas software.
  • Ermas Software is fully integrated with the SAS language and enables the user to develop proprietary SAS models and to expedite the deployment of new production SAS models.
Scalable
  • Ermas Software can leverage a multi-core computing infrastructure and can be grid-enabled for fastest processing and scalability.
  • For example, Ermas Software can use SAS Connect (MP/Connect) to distribute processing load across multiple CPU cores fastest processing and maximum scalability.
  • No limitation in data volume processed.
Flexible
  • Open integration with proprietary or third party models allows to apply 'best-in-class' models for each financial product type ensuring unlimited financial product coverage and leveraging full pricing.
  • Each individual model (such as cash flow model, pricing model, PD-, LGD- and prepayment model, term structure model, credit-Value-at-Risk model, Economic Capital model, or other model) can be chosen by the user allowing leveraging proprietary knowledge and propriety models to perform most accurate risk management.
  • The Ermas Risk Framework allows banks to develop, validate, deploy, and track risk models faster, cheaper, and more flexibly than outsourced alternatives or desktop solutions.
Consistent
  • Ermas Risk Framework provides a risk management framework that is consistent with best practice of risk modeling in the financial services industry.
  • Consistent, accurate and reliable data is required in order to achieve best practice in risk management. Based on Ermas Risk Framework you can efficiently manage vast quantities of data from across the enterprise - this includes data from loan capture systems, trading systems, and risk factor agencies, loan performance data, among other data.
  • Ermas Risk Framework ensures to apply risk models and model parameters consistently across all portfolio and exposure types.

Features

  • The Ermas Cash Flow Generator can be audited by using standard software version control in order to track any changes applied by a group of users

Screenshots

System Requirements

SAS Software Requirements - SAS 9.1.3 or 9.2
  • SAS 9.1.3 or 9.2
  • SAS BASE, STAT, ETS, IML, Graph
  • SAS Connect
  • SAS Integration Technology
  • SAS Share
Java Requirements
  • Java 1.6
Web Portal Requirements
  • LifeRay 6.0