Glitnir Bank, a government-formed, Icelandic bank that is now officially dissolved, utilized Numerix Valuation Services to perform accurate valuations for all derivative instruments on its books, in order to pay off its creditors and reach settlements with its counterparties.

Since we began the bond and derivative valuation project, we have relied on Numerix calculations and been happy with the outcome. Contact with Numerix has always been easy, as well as adjusting the size of the Numerix team {as needed} to the workload at each point ... I have been very happy with the robustness of the calculations Numerix has provided.

— Hreggviður Ingason, Derivatives Expert, Glitnir Bank