Theisenrisk is the risk assessment division of Theisen Securities and provides credit risk assesment software, systems and consultinging services. It also provides independent credit ratings of shipping projects and companies to banks, creditors and investors.

ShipTransactor© - Is currently one of the most advanced predictive default models available for the shipping finance sector. It calculates PD, LGD and BIS RW for transactions of up to 20 vessels and 4 subtypes. The model has 2 modes of processing:

Earnings Default Mode
Value at Risk (VaR) mode

ShipPortfolio© - Uses the ShipTransactor© model engine together with data integration to analyse entire loan portfolios on a regular basis.

Theisenrisk maintain a database of ship earnings, values and operating costs which has over 30 years of data for the majority of the vessels covered. Newer and more specialised vessels have value data only e.g. 13500 TEU container ships. This database is used in the creation of variables that drive the stochastic process in ShipTransactor and also for statistical output when producing shipping project analysis.

The client base for Theisenrisk products includes banks that have loan portfolios totalling in excess of $20 billion, for which they use our models and data to make informed credit rating assessments.