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Who it's for

RAID for the work you do

Each page shows what RAID does for one kind of book.

RAID for

Counterparty credit

Early warning on every counterparty, and the move that breaks each limit.

Every client against its two limits

0%25%50%75%100%5%10%25%50%1×2×5×10×20×PFE LIMITSTRESS LIMITNEARConditional Visibility LP: PFE 105% of its limit; 6.6× its stress limit in COVID crashOakmont Energy Trading AG: PFE 48% of its limit; 3.3× its stress limit in 2009 momentum crashKestrelmoor Basis Partners LP: PFE 42% of its limit; 0.1× its stress limit in Global financial crisisCrescent Quantitative LP: PFE 47% of its limit; 1.3× its stress limit in 2009 momentum crashCedar Macro Partners LP: PFE 84% of its limit; 2.0× its stress limit in 2022 growth drawdownThornbury Multi-Strategy LP: PFE 19% of its limit; 0.3× its stress limit in COVID crashRavensworth Liability Management Ltd: PFE 62% of its limit; 1.1× its stress limit in 2022 growth drawdownApex Banking SA: PFE 77% of its limit; 0.3× its stress limit in 2022 growth drawdownLindeman Bank PLC: PFE 81% of its limit; 0.2× its stress limit in Global financial crisisHakone Life Assurance KK: PFE 69% of its limit; 0.9× its stress limit in 2022 growth drawdownPioneer Life Assurance Inc: PFE 45% of its limit; 0.8× its stress limit in 2022 growth drawdownLongship Global: PFE 40% of its limit; 10.2× its stress limit in COVID crashMeridian EM Partners LP: PFE 32% of its limit; 6.4× its stress limit in Global financial crisisChidori Asset Management KK: PFE 40% of its limit; 0.9× its stress limit in 2022 growth drawdownTsurugi Macro Partners LP: PFE 63% of its limit; 0.4× its stress limit in Global financial crisisAurora Securities LLC: PFE 17% of its limit; 0.1× its stress limit in Global financial crisisHarbor Mutual Assurance AG: PFE 28% of its limit; 0.9× its stress limit in 2022 growth drawdownHalstead Securities PLC: PFE 26% of its limit; 0.1× its stress limit in Global financial crisisLeopard Worldwide: PFE 44% of its limit; 8.6× its stress limit in Global financial crisisYellowjacket Capital: PFE 47% of its limit; 9.1× its stress limit in COVID crashSilverline Credit Partners LP: PFE 24% of its limit; 14.4× its stress limit in Global financial crisisMarunouchi Trading KK: PFE 45% of its limit; 1.7× its stress limit in November 2016 election rotationSolo Spruce Capital: PFE 50% of its limit; 11.0× its stress limit in COVID crashRedwood Exports Inc: PFE 43% of its limit; 1.4× its stress limit in 2022 growth drawdownNorthstar Industries AG: PFE 38% of its limit; 2.8× its stress limit in 2009 momentum crashTessellate Volatility LP: PFE 26% of its limit; 9.4× its stress limit in COVID crashBlueRiver Growth Advisors LLC: PFE 34% of its limit; 1.3× its stress limit in COVID crashBayline Industrial Corp: PFE 60% of its limit; 0.6× its stress limit in Global financial crisisGranite Metals SA: PFE 25% of its limit; 4.5× its stress limit in Global financial crisisFourth Point Capital: PFE 41% of its limit; 9.4× its stress limit in COVID crashAmber Light Capital: PFE 43% of its limit; 11.5× its stress limit in COVID crashPFE, SHARE OF ITS LIMITSTRESS LOSS, SHARE OF STRESS LIMIT0%50%100%5%25%1×5×20×PFE LIMITSTRESS LIMITNEARConditional Visibility LP: PFE 105% of its limit; 6.6× its stress limit in COVID crashOakmont Energy Trading AG: PFE 48% of its limit; 3.3× its stress limit in 2009 momentum crashKestrelmoor Basis Partners LP: PFE 42% of its limit; 0.1× its stress limit in Global financial crisisCrescent Quantitative LP: PFE 47% of its limit; 1.3× its stress limit in 2009 momentum crashCedar Macro Partners LP: PFE 84% of its limit; 2.0× its stress limit in 2022 growth drawdownThornbury Multi-Strategy LP: PFE 19% of its limit; 0.3× its stress limit in COVID crashRavensworth Liability Management Ltd: PFE 62% of its limit; 1.1× its stress limit in 2022 growth drawdownApex Banking SA: PFE 77% of its limit; 0.3× its stress limit in 2022 growth drawdownLindeman Bank PLC: PFE 81% of its limit; 0.2× its stress limit in Global financial crisisHakone Life Assurance KK: PFE 69% of its limit; 0.9× its stress limit in 2022 growth drawdownPioneer Life Assurance Inc: PFE 45% of its limit; 0.8× its stress limit in 2022 growth drawdownLongship Global: PFE 40% of its limit; 10.2× its stress limit in COVID crashMeridian EM Partners LP: PFE 32% of its limit; 6.4× its stress limit in Global financial crisisChidori Asset Management KK: PFE 40% of its limit; 0.9× its stress limit in 2022 growth drawdownTsurugi Macro Partners LP: PFE 63% of its limit; 0.4× its stress limit in Global financial crisisAurora Securities LLC: PFE 17% of its limit; 0.1× its stress limit in Global financial crisisHarbor Mutual Assurance AG: PFE 28% of its limit; 0.9× its stress limit in 2022 growth drawdownHalstead Securities PLC: PFE 26% of its limit; 0.1× its stress limit in Global financial crisisLeopard Worldwide: PFE 44% of its limit; 8.6× its stress limit in Global financial crisisYellowjacket Capital: PFE 47% of its limit; 9.1× its stress limit in COVID crashSilverline Credit Partners LP: PFE 24% of its limit; 14.4× its stress limit in Global financial crisisMarunouchi Trading KK: PFE 45% of its limit; 1.7× its stress limit in November 2016 election rotationSolo Spruce Capital: PFE 50% of its limit; 11.0× its stress limit in COVID crashRedwood Exports Inc: PFE 43% of its limit; 1.4× its stress limit in 2022 growth drawdownNorthstar Industries AG: PFE 38% of its limit; 2.8× its stress limit in 2009 momentum crashTessellate Volatility LP: PFE 26% of its limit; 9.4× its stress limit in COVID crashBlueRiver Growth Advisors LLC: PFE 34% of its limit; 1.3× its stress limit in COVID crashBayline Industrial Corp: PFE 60% of its limit; 0.6× its stress limit in Global financial crisisGranite Metals SA: PFE 25% of its limit; 4.5× its stress limit in Global financial crisisFourth Point Capital: PFE 41% of its limit; 9.4× its stress limit in COVID crashAmber Light Capital: PFE 43% of its limit; 11.5× its stress limit in COVID crashPFE, SHARE OF LIMITSTRESS LOSS, SHARE OF LIMIT
  • Critical
  • High
  • Elevated
  • Monitor or calm
  • Circle area: gross notional
The demo bank's 31 counterparties, each at its worst across windows of history and today's news.
RAID for counterparty credit

RAID for

Funds

Fund risk against the limits you answer to.

How far a market can move before the fund reaches its loss limit

0σ2σ4σ6σ8σ10σPHLX Semiconductor Index and KOSPI, both down2.03σ (−15.7%)Russell 2000, down3.69σ (−16.9%)MSCI ACWI, down4.13σ (−11.2%)US Technology Sector, down5.16σ (−25.8%)PHLX Semiconductor Index, down5.31σ (−41.0%)Euro Stoxx 50, down6.09σ (−20.6%)Hang Seng Index, down6.35σ (−36.9%)USD/CNH, up9.92σ (+9.2%)STANDARD DEVIATIONS OF A ONE-MONTH MOVE0σ2σ4σ6σ8σ10σPHLX Semiconductor Index and KOSPI, both down2.03σ (−15.7%)Russell 2000, down3.69σ (−16.9%)MSCI ACWI, down4.13σ (−11.2%)US Technology Sector, down5.16σ (−25.8%)PHLX Semiconductor Index, down5.31σ (−41.0%)Euro Stoxx 50, down6.09σ (−20.6%)Hang Seng Index, down6.35σ (−36.9%)USD/CNH, up9.92σ (+9.2%)STANDARD DEVIATIONS OF A ONE-MONTH MOVE
  • Within 25 years of history
  • Extrapolated past history
Fund A, a demonstration fund rebuilt from public 13F filings, with a loss limit of 10% of NAV. Each move is over a month, with the market's own move in brackets.
RAID for funds

RAID for

Bank treasury

Net interest income and every capital ratio, tested against its limit.

Room used on each limit, in its worst scenario

NII, 12 monthsillustrative182%Custody deposit outflowCET1118%+500bp parallelTier 1 leverage68%+500bp parallelSLR49%+500bp parallelLCRindicative80%Fed cuts 50bp, curve steepens, $20bn outflowTHE LIMITNII, 12 months (illustrative)182%Custody deposit outflowCET1118%+500bp parallelTier 1 leverage68%+500bp parallelSLR49%+500bp parallelLCR (indicative)80%Fed cuts 50bp, curve steepens, $20bn outflowTHE LIMIT
A large US custody bank's balance sheet at 30 June, from its public filings, under 17 scenarios. The NII limit of −5% is illustrative and the LCR indicative.
RAID for bank treasury

RAID for

Insurers

Investments, reserves and reinsurance under one scenario.

AIG, 2008: the shortfall in its own filings

28 WEEKS28 FEB 2008 · ANNUAL REPORT12 SEP 2008 · AIG SEEKS FUNDINGOne more quarter like the last, plus a one-notch downgrade$12.5bnThe holding company's cash and credit lines$9.4bn28 WEEKS28 FEB 2008ANNUAL REPORT12 SEP 2008AIG SEEKS FUNDINGOne more quarter like the last,plus a one-notch downgrade$12.5bnThe holding company's cash and credit lines$9.4bn
From AIG's SEC filings, with the rules set before the figures were gathered: one more quarter like the last, plus a one-notch downgrade, would have cost more than the holding company could pay.
RAID for insurers