Case Studies

Helaba Enhances Enterprise-Wide Derivatives Counterparty Risk Management

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Helaba, one of the leading German banks, with a workforce of approximately 6,300 and a balance sheet total of around EUR 180 billion, offers financial services to companies, banks, institutional investors and the public sector, both within Germany and internationally. The bank also acts as central clearing institution and service provider for 40% of German savings banks.

"During the due diligence process, Quantifi's single solution for the calculation of XVA measures proved to be more sophisticated, flexible and scalable compared to other solutions we considered." 

Volker Wittermann
Head of Credit Products & Bonds, Risk Control



The Challenge 

Many banks have attempted to manage counterparty risk in a fragmented way, either by building tactical in-house solutions or investing in simple point solutions. As markets have evolved, banks are realising these systems are complex, expensive to maintain and lack the sophistication and flexibility to keep pace with regulatory and market reforms. These challenges have forced banks to update their counterparty risk management processes by investing in new technology.


Selection Process

After a rigorous and transparent selection process involving several other solution providers, Quantifi was shortlisted for the proof-of-concept (POC) phase. Following a successful POC, Quantifi was chosen as the preferred partner to implement its platform consistently for front office, accounting and risk control purposes.


A Single Integrated Solution

To satisfy counterparty risk and IFRS 13 requirements, Helaba required a solution that could provide the desired functionality including performing calculations for a large number of trades, both plain vanilla and exotic instruments, in a timely manner. With Quantifi, the risk function can capture all XVA measures, generate consistent analytics, including sensitivities, scenarios, and daily XVA Explain at trade-level. The front office benefits from being able to run incremental XVA and trade profitability analysis and price XVA for all components in basis points. 

A Well Defined Implementation

The combination of Quantifi’s modern technology, comprehensive data management tools, and commitment to support and adapt to Helaba’s business resulted in the project being delivered on time and within budget. With Quantifi live and fully integrated into the banks multiple processes and systems, Helaba has the advantage of a more powerful, sophisticated and performant XVA solution to support their business, mitigate risk, and satisfy regulatory demands.


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