Research grant for counterparty risk valuation to MathConsult

The challenges - both from the algorithmic and the data management point pf view - in calculating CVA and its modifications made us apply for a research grant with the Austrian Research Promotion Agency ("Forschungsförderungsgesellschaft" FFG) within their General Funding Programme. Last week, we got the good news that our application was successful and will be cofunded by FFG.

They work quite efficiently: From submitting the application to the funding decision, it took only two months.