RE uses a single database per instance user, e.g.company or department. A set of company users is defined in the company’s database (instance user) and uses data from this database alone. If a different set of users within the organisation needs to access another database, a separate instance of RE has to be started or a new instance user (department) has to be configured.
Each module is enabled or restricted with separate licenses and thus allows customers to pay only for modules they really need. The licenses can be configured to be either time restricted or not. It is also possible to aquire a test license and thus get free access to all modules for a limited period of time in order to test their usability.
A tool that calculates complex, structured, exotic and non-standard instruments, that display a future path-dependent behavior, e.g., in cases where future cash flows and pay offs depend on other future events. The evaluation of such instruments may require a Monte Carlo simulation of one or several factors at different future time points. The simulation structure is explicitly defined by periods and pricing formulas per factor, as well as by simulation markets.
Example: A 4-year loan can be paid back at the end of every year,up to a maximum amount of 50%. If the entire 100% are paid in the first two years, then there is nothing to be paid back in year 3 and 4. But if, e.g., 20% is paid in the first year and 25% in the second, then a lot of payback variations exit for year 3 and 4.