Bloomberg’s Multi-Asset Risk System (MARS) uses consistent pricing and risk data to model every deal in your portfolio, giving you an accurate picture of hedging dynamics at the portfolio level and ensuring that you don’t underestimate or overestimate your risk. Built on top of Bloomberg’s Server API (SAPI) and B-PIPE platform, MARS API provides over-the-counter derivative creation, pricing, Greeks calculation, stress testing, scenario analysis and other risk analytics for both derivatives and cash instruments. And all optimized to return results from a single market data snapshot tailored to your required response time.
As a leading provider of financial data and technology, Bloomberg has been at the forefront of efforts to support clients through the LIBOR transition.
MARS API enables clients to perform “what-if” analysis to understand the profit and loss implications and risk impacts on portfolios under different scenarios, including an early migration to risk-free rates (RFRs). With real-time market observations and results produced from a single data snapshot, MARS API helps ensure full transparency and confidence as your firm looks towards restructuring existing contracts to mitigate transition risks.
Key benefits
Each portfolio-level calculation is processed with a single-market data snapshot.
Equity, FX, fixed income, inflation, credit and mortgages
Listed and OTC derivatives from vanillas to exotics
Mark-to-market and Greeks
Flexible key rate risk
Custom scenario analysis
Real-time and historical analytics
A large library of derivatives pricing models
Flexible and persistent model settings
The ability to leverage SAPI’s and B-PIPE’s robust entitlement control, SSL encrypted connections and scalability
Seamless integration with Bloomberg trading systems: AIM and TOMS
Universal uploader for stand-alone clients, with client-driven response times as short as two, five and 15 minutes
Client use cases
Interest rate book calculation at Japanese and ASEAN mega banks
Bloomberg has helped a number of Japanese and ASEAN commercial banks enhance their capabilities, allowing them to handle the daily compounding of loans, mortgages and bonds required for the transition to risk-free rates (RFRs). Bloomberg’s solution helps calculate accrued interest and future flows for RFRs, as well as expected cashflows, to establish the amount of interest to pay out each month and the interest due to be received on each loan.
Bloomberg provided both data and technology for the new calculations. Compared to an upgrade of legacy systems, the Bloomberg MARS solution was relatively low-cost, and could be seamlessly integrated into the bank’s existing infrastructure. The MARS API helped the banks face challenges around fixing floating rates and calculating interest rates for floating rate cashflows — such as accruals and settlement rates for loans, bonds and derivatives — by creating a new workflow involving the input of trade data to feed into calculation models and produce new rates.
See Bloomberg in action
Events
Press announcements
Insights
News
Singapore bids LIBOR farewell with surge in SORA derivatives
Singapore’s financial markets have rapidly switched to a new lending benchmark as the city-state joins the world in saying goodbye to the discredited London interbank offered rate.
Article
Global Regulatory Brief: Risk, capital and financial stability, July edition
May’s risk, capital and financial stability Regulatory Brief covers the regulatory focus on the ‘non-bank sector’ at the BoE, Singapore's implementation timeline for Basel III banking reforms, US underwriting requirements, Switzerland's insurance rules, and the EU's retail investment strategy.
Article
Global Regulatory Brief: Risk, capital and financial stability, June edition
May’s risk, capital and financial stability Regulatory Brief covers the Fed’s takeaways on SVB’s bank failure, the FCA calls for greater disclosure from non-bank financial institutions, and the FSB statement on final preparations for US dollar LIBOR transition.
Article
Global regulatory bodies provide updates on the LIBOR transition
A number of global regulatory bodies recently provided updates on the LIBOR transition.
Article
Global Regulatory Brief: Risk, capital and financial stability, May edition
This month’s risk, capital and financial stability Regulatory Brief covers the FSB's surveillance of market risk vulnerabilities, financial stability risks, and global regulatory updates on LIBOR transition.
Each portfolio-level calculation is processed with a single-market data snapshot.
Equity, FX, fixed income, inflation, credit and mortgages
Listed and OTC derivatives from vanillas to exotics
Mark-to-market and Greeks
Flexible key rate risk
Custom scenario analysis
Real-time and historical analytics
A large library of derivatives pricing models
Flexible and persistent model settings
The ability to leverage SAPI’s and B-PIPE’s robust entitlement control, SSL encrypted connections and scalability
Seamless integration with Bloomberg trading systems: AIM and TOMS
Universal uploader for stand-alone clients, with client-driven response times as short as two, five and 15 minutes
Interest rate book calculation at Japanese and ASEAN mega banks
Bloomberg has helped a number of Japanese and ASEAN commercial banks enhance their capabilities, allowing them to handle the daily compounding of loans, mortgages and bonds required for the transition to risk-free rates (RFRs). Bloomberg’s solution helps calculate accrued interest and future flows for RFRs, as well as expected cashflows, to establish the amount of interest to pay out each month and the interest due to be received on each loan.
Bloomberg provided both data and technology for the new calculations. Compared to an upgrade of legacy systems, the Bloomberg MARS solution was relatively low-cost, and could be seamlessly integrated into the bank’s existing infrastructure. The MARS API helped the banks face challenges around fixing floating rates and calculating interest rates for floating rate cashflows — such as accruals and settlement rates for loans, bonds and derivatives — by creating a new workflow involving the input of trade data to feed into calculation models and produce new rates.
Events
Press announcements
News
Singapore bids LIBOR farewell with surge in SORA derivatives
Singapore’s financial markets have rapidly switched to a new lending benchmark as the city-state joins the world in saying goodbye to the discredited London interbank offered rate.
Article
Global Regulatory Brief: Risk, capital and financial stability, July edition
May’s risk, capital and financial stability Regulatory Brief covers the regulatory focus on the ‘non-bank sector’ at the BoE, Singapore's implementation timeline for Basel III banking reforms, US underwriting requirements, Switzerland's insurance rules, and the EU's retail investment strategy.
Article
Global Regulatory Brief: Risk, capital and financial stability, June edition
May’s risk, capital and financial stability Regulatory Brief covers the Fed’s takeaways on SVB’s bank failure, the FCA calls for greater disclosure from non-bank financial institutions, and the FSB statement on final preparations for US dollar LIBOR transition.
Article
Global regulatory bodies provide updates on the LIBOR transition
A number of global regulatory bodies recently provided updates on the LIBOR transition.
Article
Global Regulatory Brief: Risk, capital and financial stability, May edition
This month’s risk, capital and financial stability Regulatory Brief covers the FSB's surveillance of market risk vulnerabilities, financial stability risks, and global regulatory updates on LIBOR transition.
