{"id":11330,"date":"2023-06-01T09:54:35","date_gmt":"2023-06-01T01:54:35","guid":{"rendered":"https:\/\/www.tejwin.com\/?post_type=news&#038;p=11330"},"modified":"2024-07-11T09:08:56","modified_gmt":"2024-07-11T01:08:56","slug":"market-risk-analysis-censrisk","status":"publish","type":"news","link":"https:\/\/tejwin20260323.j.webweb.today\/en\/news\/market-risk-analysis-censrisk\/","title":{"rendered":"Market Risk Analysis (Censrisk\u2122)"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/tejwin20260323.j.webweb.today\/wp-content\/uploads\/\/12-1-1024x576.jpg\" alt=\"Market Risk Analysis (Censrisk\u2122)\" class=\"wp-image-11332\" srcset=\"https:\/\/tejwin20260323.j.webweb.today\/wp-content\/uploads\/12-1-1024x576.jpg 1024w, https:\/\/tejwin20260323.j.webweb.today\/wp-content\/uploads\/12-1-300x169.jpg 300w, https:\/\/tejwin20260323.j.webweb.today\/wp-content\/uploads\/12-1-150x84.jpg 150w, https:\/\/tejwin20260323.j.webweb.today\/wp-content\/uploads\/12-1-768x432.jpg 768w, https:\/\/tejwin20260323.j.webweb.today\/wp-content\/uploads\/12-1-1536x864.jpg 1536w, https:\/\/tejwin20260323.j.webweb.today\/wp-content\/uploads\/12-1.jpg 1920w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a111f664a4f6\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"ez-toc-cssicon\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a111f664a4f6\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/tejwin20260323.j.webweb.today\/en\/news\/market-risk-analysis-censrisk\/#Censrisk%E2%84%A2_Market_Risk_System_Advantages\" >Censrisk\u2122 Market Risk System Advantages:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/tejwin20260323.j.webweb.today\/en\/news\/market-risk-analysis-censrisk\/#Permission_Control_Explanation\" >Permission Control Explanation:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/tejwin20260323.j.webweb.today\/en\/news\/market-risk-analysis-censrisk\/#Calculation_Methods_Explanation\" >Calculation Methods Explanation:<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/tejwin20260323.j.webweb.today\/en\/news\/market-risk-analysis-censrisk\/#Regional_Valuation_Method\" >Regional Valuation Method:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/tejwin20260323.j.webweb.today\/en\/news\/market-risk-analysis-censrisk\/#Global_Valuation_Method\" >Global Valuation Method:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/tejwin20260323.j.webweb.today\/en\/news\/market-risk-analysis-censrisk\/#Others\" >Others:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/tejwin20260323.j.webweb.today\/en\/news\/market-risk-analysis-censrisk\/#Applicable_Asset_Categories\" >Applicable Asset Categories:<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Censrisk%E2%84%A2_Market_Risk_System_Advantages\"><\/span>Censrisk\u2122 Market Risk System Advantages:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ol class=\"wp-block-list\">\n<li>High data integrity and extensive database sources with high market usage.<\/li>\n\n\n\n<li>Measurement methods that can be traced back to appropriate transaction records.<\/li>\n\n\n\n<li>Automatic sample selection when there is insufficient data for calculation.<\/li>\n\n\n\n<li>High transparency of models with intermediate validation processes, including sensitivity analysis.<\/li>\n\n\n\n<li>High flexibility in parameter settings and model usage, allowing for quick configuration and calculations.<\/li>\n\n\n\n<li>Multiple risk reporting designs for easy management and analysis.<\/li>\n\n\n\n<li>Users can create custom report groups according to their preferences.<\/li>\n\n\n\n<li>User-friendly interface available in three languages.<\/li>\n\n\n\n<li>Two educational training sessions, including risk breakdown for various assets, and comprehensive technical manuals.<\/li>\n\n\n\n<li>Ongoing research by the TEJ Risk Management Department.<\/li>\n\n\n\n<li>Customizable permission control based on different needs.<\/li>\n<\/ol>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Permission_Control_Explanation\"><\/span>Permission Control Explanation:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Users can set up their accounts based on functional requirements, as follows:<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>Highest permission: Administrator (1 person)<\/td><td>Second-highest permission: Operator (2 people)<\/td><td>Lowest permission: Reader (10 people)<\/td><\/tr><tr><td>Account creation and deletion<br>Position and calculation settings<br>Authorization and sharing of positions<br>View all account position settings and calculations<\/td><td>Position and calculation settings<br>Authorization and sharing of positions<\/td><td>Authorization and sharing of positions limited to viewing shared position calculation results<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Calculation_Methods_Explanation\"><\/span>Calculation Methods Explanation:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The system currently supports two major categories of calculation methods:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Regional_Valuation_Method\"><\/span>Regional Valuation Method:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Variance-Covariance Simple Moving Average Method<\/li>\n\n\n\n<li>Variance-Covariance Exponential Moving Average Method<\/li>\n\n\n\n<li>Variance-Covariance Weighted Moving Average Method<\/li>\n\n\n\n<li>Variance-Covariance GARCH<\/li>\n\n\n\n<li>Variance-Covariance IGARCH<\/li>\n\n\n\n<li>Variance-Covariance TGARCH<\/li>\n\n\n\n<li>Multifactor Analysis Method<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Global_Valuation_Method\"><\/span>Global Valuation Method:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Historical Simulation Method<\/li>\n\n\n\n<li>Monte Carlo Simulation Method (GBM, Vasicek)<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Others\"><\/span>Others:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Conditional Value-at-Risk<\/li>\n\n\n\n<li>Fixed Position Review Test<\/li>\n\n\n\n<li>Stress Test<\/li>\n\n\n\n<li>Daily Position Review Test<\/li>\n\n\n\n<li>Binomial Distribution Test<\/li>\n\n\n\n<li>Likelihood Ratio Test<\/li>\n\n\n\n<li>Sample Statistical Test<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Applicable_Asset_Categories\"><\/span>Applicable Asset Categories:<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>Spot &#8211; Securities<\/td><td>Spot &#8211; Interest Rate<\/td><td>Spot &#8211; Foreign Exchange<\/td><\/tr><tr><td>Listed stocks<br>Over-the-counter stocks<br>Emerging stocks<br>International stock price indices<br>Domestic funds<br>Overseas funds<br>International stocks<sup> 1<\/sup> <\/td><td>Government bonds<br>Corporate bonds (fixed, floating, reverse floating)<br>Monetary instruments (loans, deposits, receivables)<br>Convertible bonds<br>Perpetual bonds<br>Overseas bonds<\/td><td>Exchange rates<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td>Derivative products &#8211; Securities<\/td><td>Derivative products &#8211; Interest Rate<\/td><td>erivative products &#8211; Foreign Exchange<\/td><td>Derivative products &#8211; Commodities<\/td><\/tr><tr><td>Options<sup> 2<\/sup> <br>Index futures<sup> 3<\/sup> <br>Stock futures<\/td><td>Interest rate swaps<br>Forward rate agreements<br>Currency swaps<br>10-year government bond futures<br>30-day interest rate futures<br>Interest rate options (upper limit, lower limit, range)<br>Equity-linked bonds<br>Convertible bond asset swaps<br>Asset Securitization &#8211; MBS and CMO<br>Bond options<br>Overseas convertible bonds<br>Overseas convertible bond asset swaps<\/td><td>Forward foreign exchange transactions<br>Currency swaps<br>Foreign exchange options<\/td><td>New Taiwan Dollar gold futures<br>Gold options<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>Note:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Overseas stocks include China, Hong Kong, the Philippines, Malaysia, South Korea, Singapore, and Thailand.<\/li>\n\n\n\n<li>Options include call warrants, Taiwan index options, individual stocks, financials, electronics, MSCI, over-the-counter, and non-financial electronics.<\/li>\n\n\n\n<li>Index futures include major Taiwan index, mini Taiwan index, financials, electronics, Taiwan 50<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>Censrisk\u2122 Market Risk System Advantages: Permission Control Explanation: Users can set up their accounts based on functional requirements, as follows: Highest permission: Administrator (1 person) Second-highest permission: Operator (2 people) Lowest permission: Reader (10 people) Account creation and deletionPosition and calculation settingsAuthorization and sharing of positionsView all account position settings and calculations Position and calculation [&hellip;]<\/p>\n","protected":false},"featured_media":11331,"parent":0,"menu_order":0,"template":"","tags":[],"news-category":[764],"class_list":["post-11330","news","type-news","status-publish","has-post-thumbnail","hentry","news-category-product-introduction-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/tejwin20260323.j.webweb.today\/en\/wp-json\/wp\/v2\/news\/11330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tejwin20260323.j.webweb.today\/en\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/tejwin20260323.j.webweb.today\/en\/wp-json\/wp\/v2\/types\/news"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tejwin20260323.j.webweb.today\/en\/wp-json\/wp\/v2\/media\/11331"}],"wp:attachment":[{"href":"https:\/\/tejwin20260323.j.webweb.today\/en\/wp-json\/wp\/v2\/media?parent=11330"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tejwin20260323.j.webweb.today\/en\/wp-json\/wp\/v2\/tags?post=11330"},{"taxonomy":"news-category","embeddable":true,"href":"https:\/\/tejwin20260323.j.webweb.today\/en\/wp-json\/wp\/v2\/news-category?post=11330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}