In a world under great economic turmoil and increasing regulation, Asset and Wealth

Managers can accommodate their market needs both in terms of Market Risk exposure monitoring as well as of required Reporting, via our state-of-the-art Risk Management software, Paragon.

What makes Paragon unique?

Innovative Risk Measurement and Management functionality for the Buy-

Side sector, well suited for Asset and Fund Managers, Private and Wealth

Managers, Hedge Funds, as well as Family Offices and Private Advisors.

Advanced Risk Evaluation of Value-at-Risk (VaR) through both market

approaches, Ex-Post and Ex-Ante, and Calculation Methodologies such as Monte Carlo Simulation, Parametric, Historical and Weighted Historical

Simulation.

PRODUCT INFO SHEET

Change the Game with Paragon!

A turn-key Risk Management solution

Ex-post Distribution of Returns

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Calculation of several VaR related measures such as: Marginal and Component

VaR along with Tracking Error, Relative VaR, Expected Shortfall,

Diversification Benefit, Portfolio Distribution Moments and other portfolio metrics such as Sharpe and Sortino Ratio.

Advanced Risk Analysis on Group,

Consolidated Group and Portfolio level: The user can run analysis for

a group of portfolios receiving

calculated risk metrics either for each portfolio member of the

group or treat it as one entity where diversification effects

can be captured.

Advanced Risk Analysis on Group, Consolidated Group and Portfolio level. The user can run analysis for a group of portfolios receiving calculated risk-related values per portfolio member of the group or treat it as one entity where

diversification effects can be captured.

Risk Decomposition into all available Classifications (asset classes, sectors, risk countries, capitalization etc).

User-Defined Volatility & Correlations used with Monte Carlo or Covariance

Market Risk calculation methodology, in order to achieve more accurate

(according to risk manager’s market perception) VaR and VaR-related measures.

Ability to specify a single or multiple proxies for unlisted instruments.

Portfolio Risk Factor Analytics.

Conduct ad-hoc Stress Tests to your portfolio in order to view the impact of significant market views on your portfolio’s value.

Performing an ad-hoc Stress Test on a group of

portfolios and looking at the impact on their value

Backtesting snapshot: VaR projections vs realized

returns across time

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SSRS Report Integration

with intuitive display

options, drilling down

functionality and interactive

sorting filtering capabilities

Raw calculated data

available to be used by

any system & user

Intuitive Display Options

Drilling Down

Functionality

Interactive

Sorting/Filtering

Exportable to Various

Formats (xml, csv,

database)

Easily modified reports

Data available in

Dashboards

All reports can be

combined in a Pitchbook

format for new client

acquisition assistance.

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Predefined Stress Test Scenarios. More than (20) twenty Predefined High-Volatility-Stress-Testing-Scenarios can be selected, affecting different currencies and different Risk Factors per case, to test the resilience of your portfolios.

Powerful Back Testing, where VaR projections are compared against realized

returns assessing the accuracy of the selected model.

Powerful Credit Risk measures such as Credit Valuation Adjustment (CVA), Loss

Given Default (LGD) and Credit VaR.

Liquidity-adjusted VaR that captures the extra Market Risk of holding Assets with liquidity constraints.

VaR Method Optimization tool: Assess the accuracy of a VaR method for a

certain portfolio before adopting it.

Dynamic What-if Scenario Analysis decision tools that allow the user to create on

the fly copies of the working portfolio/fund and investigate how risk figures would shift according to potential changes of its holdings.

Consolidation of all future fixed income cash flows per currency and

their Credit Value Adjustment along with the relevant interest rate curves

User defined Risk Calculation

thresholds and Real time Monitoring of calculated metrics (Dashboard Items and Standalone Report)

Interest rate modelling. The mapping of interest rate products to deterministic

future cash flows, which are then modeled using zero-coupon yield curves, render our model the perfect combination between accuracy and parsimony.

Instrument level sensitivities (Delta, Gamma, Vega, Theta, Rho & Bond`s Duration,

Convexity, DV01, CS01) which can also be aggregated to portfolio level.

VaR Attribution / Contribution dynamic reports (grouping and drill down) are provided through a powerful reporting engine.

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Risk Reporting for well-informed decision making. Paragon comes with a variety of

Risk reports providing detailed information to the user through graphs and Risk

figures. The user can receive customizable reports on Paragon’s Dashboards upon accessing the system. All Reports can be exported in a variety of file formats and can

be generated automatically as a schedule-base activity.

Decisive contribution in constructing Regulatory Reports, by providing several Market Risk measures, VaR, Stress Testing outcome and limits, Back Testing results and graphs which are necessary in all relevant Regulations (UCITS, Basel II, MiFID,

SCA CMA).

Risk calculation against any Index, Blended Index or Portfolio: Benchmark rebased VaR, Tracking Error and Relative VaR.

Volatility/Correlation transparency: View the volatility and correlation

numbers estimated by Paragon or

Define implied volatilities coming from a third system.

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Systematic Risk. The Beta Factor “β" as the optimum estimator, expresses the rate

of return of an instrument or portfolio in comparison with a selected Benchmark.

Wide range of instrument coverage spanning from vanilla instruments such as

Equities and Bonds to Options and exotic CDS and MBS.

On Demand and Scheduled Risk Calculation and Report generation with multiple

export formats available.

Strong Integration with any Back-Office, MS Excel, or flat files, based on embedded

Integration mechanism and SQL Technology.

High Security Standards, Single Sign-on, Auditing and multiple Authorization

& Authentication levels.

Technology

Paragon is a web based application that is developed using state-of-the-art frameworks and applications listed below:

Microsoft .Net framework 4.0 Microsoft Silverlight 4.0

MVC 3.0 Microsoft SQL Server 2012+ IIS 6.0+

KlarityRisk

KlarityRisk is an international Risk Management software and services provider, exclusively focused on the Buy-Side sector of the Investment Management industry.KlarityRisk is an Official SS&C Advent Software Global Alliance Partner.

40 Gracechurch St. London, EC3V 0BT United Kingdom Telephone: +44(0)207 118 7088 Email: info@klarityrisk.com Website: www.klarityrisk.com

Copyright© 2016. KlarityRisk S.A. All rights reserved. Information subject to change

without notice. Paragon, the Paragon logo, are registered trademarks of KlarityRisk S.A. All other products or services herein are trademarks of their respective companies.

mailto:info@klarityrisk.com