How you can use Nomis Index
With Nomis Index, you can estimate the impact to your portfolio balance, interest expense and net interest income by scenario testing a variety competitive strategies including no response, lead, follow or lag within the context of your competitor’s likely response.
With Nomis Index, you can:
- Estimate the likely impact to your portfolio if you do nothing in the face of a rate increase
- Formulate a competitive strategy by testing a variety of scenarios and the related potential impacts based on level of competitor aggressiveness
- Estimate the cost of maintaining your existing retails savings balances. Estimate the additional interest expense you would occur to maintain competitive parity
- Estimate the potential for balance growth and incremental funding cost by adopting an aggressive stance
- Test the viability of adopting a ‘lagging’ pricing strategy by estimating the impact of matching competitor moves after 1 to 6 month delay.
