Surya's IRRBB software is designed to help financial institutions accurately measure and manage the interest rate risk in their banking book. With the introduction of the Basel capital framework, IRRBB has become an important component of regulatory compliance. The software provides a comprehensive set of tools and parameters that can be easily integrated with the existing Surya BALM application or used as a standalone module. It helps banks monitor the impact of changes in interest rates on their net interest income (NII) and economic value of equity (EVE), enabling them to make informed decisions and take appropriate risk mitigation measures.

The IRRBB module uses a range of techniques and measures to estimate NII and EVE, including behavioural analysis for positions that are not amenable to standardization. It also applies the six supervisory prescribed interest rate shocks recommended by the BASEL committee to arrive at the EVE under the standardized framework. With its user-friendly interface and accurate calculations, Surya's IRRBB software enables banks to maintain regulatory compliance, manage their interest rate risk effectively, and make informed decisions.