New South Wales Treasury Corp. (TCorp) has gone live with enterprise analytics from Numerix for in-house debt interest forecasting and debt management services, say TCorp and Numerix officials.
The latest Numerix implementation at TCorp, based in Australia, follows the firm’s usage of Numerix’s CrossAsset offering for debt risk management of client portfolios, officials say.
With the analytics deployment, TCorp will use Numerix’s server architecture, supported by “a custom build web front-end and on-demand reporting framework,” according to Numerix officials.
A centralized provider of debt, funds management and financial risk solutions for the New South Wales public sector, TCorp offers clients projections of expected interest costs as part of its debt management service, TCorp officials say. This includes interest cost attribution, interest payment forecasts and what-if scenarios, as well as debt interest forecast risk analysis and interest cost reports.
TCorp will use the analytics support to produce custom reports for forecast projections and present them in pre-specified formats to TCorp end clients.
“As clients rely heavily on forecasted interest costs to assist with their budgeting process, it is crucial for TCorp to have a simple-to-use and intuitive tool that can be used conveniently to produce debt interest forecast reports to clients,” says Stephen Knight, CEO at TCorp.
TCorp is the financial markets partner of New South Wales public sector agencies.
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