Use FINCAD XL to do your convertible bond risk analysis. Select from a series of new convertible bond functions based on industry standard analytics. Functions are flexible and easy to use - all you need is a curve and an equity volatility.
What you can do:
• adjustments for dilution
• cash flow tables
• cash payments on conversion
• conversion caps
• convertibles with callable / putable features
• dividends and/or dividend yield
• fixed or varying exchange ratios
• functions output fair value, probability of conversion, and full risk statistics
• implied spread calculations
• implied volatility calculations
• soft calls
• underlying bond may be non-standard in nature (amortizing, accreting, roller coaster, odd coupon)
Download a Datasheet on Convertible Bonds (PDF)
Screenshot example of the Function Finder for Convertible Bonds
