Zanders Selects FINCAD’s F3 for CVA/DVA Coverage
Vancouver, BC, October 22, 2014 - FINCAD, the leading provider of OTC derivatives pricing, valuation, and risk analytics, today announced that Zanders has implemented FINCAD’s F3 analytics solution to support CVA/DVA coverage for its Valuation Desk.
Using F3, Zanders is able to provide a wider range of on-demand risk management services to their clients and bring new services to market. “We use F3 to compute market value, including CVA/DVA, in compliance with IFRS 13 on a large range of financial instruments,” mentioned Pierre Wernert, Consultant at Zanders’ Valuation Desk, “FINCAD provides a powerful engine which allows us to compute these values in the most efficient manner – ultimately saving us time and resources.
” By leveraging F3’s comprehensive, accurate, and transparent analytics technology to perform their heavy lifting, Zanders can focus on managing risk on their multi-asset, multi-currency portfolios. They also benefit from valuable time and resource savings by no longer needing to develop models from scratch.
“Organizations on both the buy-side and sell-side are recognizing that an accurate and transparent enterprise valuation and risk technology is no longer a nice-to-have, but a must-have,” said Bob Park, FINCAD CEO, “Beyond compliance, these firms are identifying that accurate and transparent analytics are generating operational alpha and creating competitive advantage.”
Due to F3’s flexible architecture, Zanders’ implementation is future-proof. The F3 engine delivers rapid and reliable analytics on any instrument they currently hold – or may wish to hold in the future.
Founded in 1994, Zanders is recognized as a leader in treasury management, risk management, and corporate finance. From their offices in the Netherlands, Belgium, United Kingdom, and Switzerland, they service corporates, financial institutions, and organizations in the public sector.
Zanders’ strengths are specialization and independence. Being independent means that they work solely on behalf of, and in the best interests of, their clients. This avoids any conflict of interests. Specialization forces Zanders to stay at the forefront of all developments in their areas of expertise, and to remain innovative.
FINCAD is a world-leading provider of valuation and risk management solutions, with thousands of users worldwide. In addition, 80 of the leading software providers embed FINCAD technology into their solutions. The company is committed to providing comprehensive, clear, accurate and timely information to assist financial decision-makers in a wide range of institutions. FINCAD has offices in New York, London, Beijing, Dublin, and Vancouver.