Case Study: Lehman Brothers achieves independent real-time derivatives valuations with Numerix

Lehman Brothers Holdings Inc. - Customer Case Study

Lehman Brothers Holdings Inc. (LBHI) needed to unwind its derivatives book and reconcile outstanding creditor claims, so it chose Numerix for independent, real-time valuations across a highly complex portfolio. The company also needed help accelerating the resolution of intercompany accounts and derivative claims, using the Numerix Portfolio platform and related analytics and services.

Numerix deployed on-site financial engineers to work with LBHI traders and risk managers, providing ad hoc valuation support, software, and project management while aggregating legacy trade data onto a single platform. Numerix’s independent valuations helped resolve derivatives claims and supported the unwinding process, with the selection approved by the U.S. Bankruptcy Court in 2009.

Lehman Brothers

Daniel Ehrmann

Managing Director of Alvarez & Marsal and co-head