Crisis Simulations and Strategies: Financial Institutions Connect to Discuss Forbearance Modeling, Negative Rates and SOFR

2020-03-27T17:16:15+00:00 March 27th, 2020|

(Cary, N.C. – March 27, 2020)  More than 70 of ZM Financial Systems’ clients connected virtually this week to discuss simulations and strategies regarding modeling in this uncertain economic time. This peer-led roundtable focused on the impact the COVID-19 outbreak is having on financial institutions. Financial analysts across the U.S. are in simulation overdrive as they try to forecast the future: running non-stop “what-if” scenarios and running models at lower and lower rates.

“Just when institutions aren’t quite ready to model negative rates, negative rates are here,” said Phillip Reschke, Client Experience Manager, ZM Financial Systems (ZMFS).

As part of the roundtable, ZMFS Support staff provided tutorials on payment delay setup options and things to consider when projecting negative rates, including stochastic modeling considerations.

“With client concerns such as impact to capital ratios, decreasing loan production, and with this volatility so hard to handle, financial analysts, directors and CEOs are interested in what their peers are doing to instill confidence in the near-term financial performance of their institution,” continued Reschke. “We will continue to hold more of these roundtables to help our clients connect with each other and navigate these uncertain times.”

ZMFS clients looking for information on forbearance modeling, negative rates and SOFR, please visit the ZMFS Knowledge Base within our Zendesk Support System or submit a ticket. For more information on ZMFS, please visit zmfs.com or contact sales@zmfs.com.