{"id":3380,"date":"2026-08-26T07:29:35","date_gmt":"2026-08-26T07:29:35","guid":{"rendered":"https:\/\/www.tejwin.com\/en\/product-services\/uncategorized\/\/"},"modified":"2026-09-21T03:17:20","modified_gmt":"2026-09-21T03:17:20","slug":"market-risk-analysis-censrisk","status":"publish","type":"product","link":"https:\/\/www.tejwin.com\/en\/product-services\/credit-risk-solution\/market-risk-analysis-censrisk\/","title":{"rendered":"Market Risk Analysis (Censrisk\u2122)"},"content":{"rendered":"

Censrisk\u2122 Market Risk System Advantages:<\/h2>\n
    \n
  1. High data integrity and extensive database sources with high market usage.<\/li>\n
  2. Measurement methods that can be traced back to appropriate transaction records.<\/li>\n
  3. Automatic sample selection when there is insufficient data for calculation.<\/li>\n
  4. High transparency of models with intermediate validation processes, including sensitivity analysis.<\/li>\n
  5. High flexibility in parameter settings and model usage, allowing for quick configuration and calculations.<\/li>\n
  6. Multiple risk reporting designs for easy management and analysis.<\/li>\n
  7. Users can create custom report groups according to their preferences.<\/li>\n
  8. User-friendly interface available in three languages.<\/li>\n
  9. Two educational training sessions, including risk breakdown for various assets, and comprehensive technical manuals.<\/li>\n
  10. Ongoing research by the TEJ Risk Management Department.<\/li>\n
  11. Customizable permission control based on different needs.<\/li>\n<\/ol>\n

    <\/span>Permission Control Explanation:<\/h2>\n

    Users can set up their accounts based on functional requirements, as follows:<\/p>\n

    \n\n\n\n\n
    Highest permission: Administrator (1 person)<\/td>\nSecond-highest permission: Operator (2 people)<\/td>\nLowest permission: Reader (10 people)<\/td>\n<\/tr>\n
    Account creation and deletion
    \nPosition and calculation settings
    \nAuthorization and sharing of positions
    \nView all account position settings and calculations<\/td>\n    		Position and calculation settings
    \nAuthorization and sharing of positions<\/td>\n    		Authorization and sharing of positions limited to viewing shared position calculation results<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n

    <\/span>Calculation Methods Explanation:<\/h2>\n

    The system currently supports two major categories of calculation methods:<\/p>\n

    <\/span>Regional Valuation Method:<\/h3>\n
      \n
    • Variance-Covariance Simple Moving Average Method<\/li>\n
    • Variance-Covariance Exponential Moving Average Method<\/li>\n
    • Variance-Covariance Weighted Moving Average Method<\/li>\n
    • Variance-Covariance GARCH<\/li>\n
    • Variance-Covariance IGARCH<\/li>\n
    • Variance-Covariance TGARCH<\/li>\n
    • Multifactor Analysis Method<\/li>\n<\/ul>\n

      <\/span>Global Valuation Method:<\/h3>\n
        \n
      • Historical Simulation Method<\/li>\n
      • Monte Carlo Simulation Method (GBM, Vasicek)<\/li>\n<\/ul>\n

        <\/span>Others:<\/h3>\n
          \n
        • Conditional Value-at-Risk<\/li>\n
        • Fixed Position Review Test<\/li>\n
        • Stress Test<\/li>\n
        • Daily Position Review Test<\/li>\n
        • Binomial Distribution Test<\/li>\n
        • Likelihood Ratio Test<\/li>\n
        • Sample Statistical Test<\/li>\n<\/ul>\n

          <\/span>Applicable Asset Categories:<\/h2>\n
          \n\n\n\n\n
          Spot \u2013 Securities<\/td>\nSpot \u2013 Interest Rate<\/td>\nSpot \u2013 Foreign Exchange<\/td>\n<\/tr>\n
          Listed stocks
          \nOver-the-counter stocks
          \nEmerging stocks
          \nInternational stock price indices
          \nDomestic funds
          \nOverseas funds
          \nInternational stocks\u00a01<\/sup><\/td>\n          		Government bonds
          \nCorporate bonds (fixed, floating, reverse floating)
          \nMonetary instruments (loans, deposits, receivables)
          \nConvertible bonds
          \nPerpetual bonds
          \nOverseas bonds<\/td>\n          		Exchange rates<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n
          \n\n\n\n\n
          Derivative products \u2013 Securities<\/td>\nDerivative products \u2013 Interest Rate<\/td>\nerivative products \u2013 Foreign Exchange<\/td>\nDerivative products \u2013 Commodities<\/td>\n<\/tr>\n
          Options\u00a02<\/sup>
          \nIndex futures\u00a03<\/sup>
          \nStock futures<\/td>\n          		Interest rate swaps
          \nForward rate agreements
          \nCurrency swaps
          \n10-year government bond futures
          \n30-day interest rate futures
          \nInterest rate options (upper limit, lower limit, range)
          \nEquity-linked bonds
          \nConvertible bond asset swaps
          \nAsset Securitization \u2013 MBS and CMO
          \nBond options
          \nOverseas convertible bonds
          \nOverseas convertible bond asset swaps<\/td>\n          		Forward foreign exchange transactions
          \nCurrency swaps
          \nForeign exchange options<\/td>\n          		New Taiwan Dollar gold futures
          \nGold options<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n

          Note:<\/p>\n

            \n
          1. Overseas stocks include China, Hong Kong, the Philippines, Malaysia, South Korea, Singapore, and Thailand.<\/li>\n
          2. Options include call warrants, Taiwan index options, individual stocks, financials, electronics, MSCI, over-the-counter, and non-financial electronics.<\/li>\n
          3. Index futures include major Taiwan index, mini Taiwan index, financials, electronics, Taiwan 50<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

            Censrisk\u2122 Market Risk System Advantages: High data inte […]<\/p>\n","protected":false},"featured_media":0,"template":"","tags":[155,158],"product_category":[4],"class_list":["post-3380","product","type-product","status-publish","hentry","tag-credit-risk-solution","tag-market-risk-analysis","product_category-credit-risk-solution"],"acf":{"p_introduction":"

            Censrisk\u2122 Market Risk System Advantages:<\/h2>\r\n
              \r\n \t
            1. High data integrity and extensive database sources with high market usage.<\/li>\r\n \t
            2. Measurement methods that can be traced back to appropriate transaction records.<\/li>\r\n \t
            3. Automatic sample selection when there is insufficient data for calculation.<\/li>\r\n \t
            4. High transparency of models with intermediate validation processes, including sensitivity analysis.<\/li>\r\n \t
            5. High flexibility in parameter settings and model usage, allowing for quick configuration and calculations.<\/li>\r\n \t
            6. Multiple risk reporting designs for easy management and analysis.<\/li>\r\n \t
            7. Users can create custom report groups according to their preferences.<\/li>\r\n \t
            8. User-friendly interface available in three languages.<\/li>\r\n \t
            9. Two educational training sessions, including risk breakdown for various assets, and comprehensive technical manuals.<\/li>\r\n \t
            10. Ongoing research by the TEJ Risk Management Department.<\/li>\r\n \t
            11. Customizable permission control based on different needs.<\/li>\r\n<\/ol>\r\n

              <\/span>Permission Control Explanation:<\/h2>\r\n

              Users can set up their accounts based on functional requirements, as follows:<\/p>\r\n\r\n

              \r\n\r\n\r\n\r\n\r\n
              Highest permission: Administrator (1 person)<\/td>\r\nSecond-highest permission: Operator (2 people)<\/td>\r\nLowest permission: Reader (10 people)<\/td>\r\n<\/tr>\r\n
              Account creation and deletion\r\nPosition and calculation settings\r\nAuthorization and sharing of positions\r\nView all account position settings and calculations<\/td>\r\nPosition and calculation settings\r\nAuthorization and sharing of positions<\/td>\r\nAuthorization and sharing of positions limited to viewing shared position calculation results<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/figure>\r\n

              <\/span>Calculation Methods Explanation:<\/h2>\r\n

              The system currently supports two major categories of calculation methods:<\/p>\r\n\r\n

              <\/span>Regional Valuation Method:<\/h3>\r\n
                \r\n \t
              • Variance-Covariance Simple Moving Average Method<\/li>\r\n \t
              • Variance-Covariance Exponential Moving Average Method<\/li>\r\n \t
              • Variance-Covariance Weighted Moving Average Method<\/li>\r\n \t
              • Variance-Covariance GARCH<\/li>\r\n \t
              • Variance-Covariance IGARCH<\/li>\r\n \t
              • Variance-Covariance TGARCH<\/li>\r\n \t
              • Multifactor Analysis Method<\/li>\r\n<\/ul>\r\n

                <\/span>Global Valuation Method:<\/h3>\r\n
                  \r\n \t
                • Historical Simulation Method<\/li>\r\n \t
                • Monte Carlo Simulation Method (GBM, Vasicek)<\/li>\r\n<\/ul>\r\n

                  <\/span>Others:<\/h3>\r\n
                    \r\n \t
                  • Conditional Value-at-Risk<\/li>\r\n \t
                  • Fixed Position Review Test<\/li>\r\n \t
                  • Stress Test<\/li>\r\n \t
                  • Daily Position Review Test<\/li>\r\n \t
                  • Binomial Distribution Test<\/li>\r\n \t
                  • Likelihood Ratio Test<\/li>\r\n \t
                  • Sample Statistical Test<\/li>\r\n<\/ul>\r\n

                    <\/span>Applicable Asset Categories:<\/h2>\r\n
                    \r\n\r\n\r\n\r\n\r\n
                    Spot \u2013 Securities<\/td>\r\nSpot \u2013 Interest Rate<\/td>\r\nSpot \u2013 Foreign Exchange<\/td>\r\n<\/tr>\r\n
                    Listed stocks\r\nOver-the-counter stocks\r\nEmerging stocks\r\nInternational stock price indices\r\nDomestic funds\r\nOverseas funds\r\nInternational stocks\u00a01<\/sup><\/td>\r\nGovernment bonds\r\nCorporate bonds (fixed, floating, reverse floating)\r\nMonetary instruments (loans, deposits, receivables)\r\nConvertible bonds\r\nPerpetual bonds\r\nOverseas bonds<\/td>\r\nExchange rates<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/figure>\r\n
                    \r\n\r\n\r\n\r\n\r\n
                    Derivative products \u2013 Securities<\/td>\r\nDerivative products \u2013 Interest Rate<\/td>\r\nerivative products \u2013 Foreign Exchange<\/td>\r\nDerivative products \u2013 Commodities<\/td>\r\n<\/tr>\r\n
                    Options\u00a02<\/sup>\r\nIndex futures\u00a03<\/sup>\r\nStock futures<\/td>\r\nInterest rate swaps\r\nForward rate agreements\r\nCurrency swaps\r\n10-year government bond futures\r\n30-day interest rate futures\r\nInterest rate options (upper limit, lower limit, range)\r\nEquity-linked bonds\r\nConvertible bond asset swaps\r\nAsset Securitization \u2013 MBS and CMO\r\nBond options\r\nOverseas convertible bonds\r\nOverseas convertible bond asset swaps<\/td>\r\nForward foreign exchange transactions\r\nCurrency swaps\r\nForeign exchange options<\/td>\r\nNew Taiwan Dollar gold futures\r\nGold options<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/figure>\r\n

                    Note:<\/p>\r\n\r\n

                      \r\n \t
                    1. Overseas stocks include China, Hong Kong, the Philippines, Malaysia, South Korea, Singapore, and Thailand.<\/li>\r\n \t
                    2. Options include call warrants, Taiwan index options, individual stocks, financials, electronics, MSCI, over-the-counter, and non-financial electronics.<\/li>\r\n \t
                    3. Index futures include major Taiwan index, mini Taiwan index, financials, electronics, Taiwan 50<\/li>\r\n<\/ol>","card_icon":"","card_summary":"","key_data_metrics":null,"data_information":"Censrisk\u2122 Market Risk System provides highly transparent risk models, flexible parameter settings, and comprehensive reporting to automate sensitivity analysis and daily portfolio risk monitoring.","delivery_methods":null,"doc_file":"","related_products":"","related_more_text":"View all","related_more_url":"\/en\/product-services\/"},"_links":{"self":[{"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/product\/3380","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/product"}],"about":[{"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/types\/product"}],"wp:attachment":[{"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/media?parent=3380"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/tags?post=3380"},{"taxonomy":"product_category","embeddable":true,"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/product_category?post=3380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}