Derivative Solutions

FAQs

How is F3 different from FINCAD Analytics Suite?

F3 is the newest product line from FINCAD. F3 is stateful, object-oriented analytics platform designed to handle portfolios that include complex trades and structured products. F3 values a trade very differently than FINCAD Analytics Suite. F3 provides a very flexible method of valuation by separating the mathematical model, trade description and valuation method for each trade. This functionality allows you to describe virtually any trade by combining the individual pieces. FINCAD Analytics Suite also has a broad analytics coverage range, but combines the model, trade description and valuation method into a single function.

Which product you choose depends on the modeling flexibility required. FINCAD Analytics Suite is more economical for those dealing with more standardized instruments, while F3 is a better solution for those dealing with larger, more dynamic portfolios that include non-standard, complex structures.

Another difference between the two products is the risk information provided. F3 provides comprehensive risk reports for each trade and portfolio. When using F3, you no longer need to bump curves to measure your risk - you get calculated first-order risk. F3 provides you with detailed risk reports showing the sensitivity of your trade or portfolio to every market data point and giving you the notional amount needed to hedge away the risk of your portfolio.

What kind of asset coverage is included?

Built on a stateful, object-oriented architecture, F3 can price virtually any deal including complex trades and structured products. For a comprehensive list, click here.

What do you do about 2nd order risk?

F3’s Risk Report provides the 1st order sensitivities; 2nd order sensitivities can then be computed by applying finite difference (aka, bumping) to the 1st order sensitivities.

What happens with functions that can't be expressed analytically (i.e. those without closed form valuation?)

The Universal Risk Technology™ (URT) that powers F3´s Risk Report works for all valuation methodologies (e.g. closed form, Monte Carlo).

Does the risk report provide correlation numbers?

No, F3's Risk Report provides the sensitivity of the value of the trade (or portfolio) to the market data quotes.

What other companies use your software?

FINCAD is the industry standard for financial analytics used by more than 4,000 organizations in over 80 countries. Since 1990 we have served finance professionals working in banks, corporate treasuries, asset management firms, hedge funds, auditing firms, broker-dealers and government agencies.

How much does it cost?

FINCAD is a leader in providing top quality software with excellent value to users worldwide, offering some of the most economical analytics solutions on the market. The cost depends on the number of users in your organization and how you will be using the software. For a detailed quote, please contact a FINCAD representative or request a trial to get a customized demo.

Do you provide group discounts?

Depending on the number of potential users in your organization, you may be eligible for concurrent or enterprise licensing. Concurrent licensing allows groups to purchase a reduced number of licenses based on the number of users who will be accessing the software at any given time. FINCAD's Enterprise Licensing Program allows you to license your entire organization, giving anyone in your organization simultaneous access to the software. To determine which licensing program is right for you, please contact a FINCAD representative or request a trial to get a customized demo.

What type of training is provided for F3?

Yes, you can purchase standard and customized training that can be delivered both on-site and via remote web conferencing through the FINCAD Professional Services team. For more information about available training offerings, please contact a FINCAD representative.

What type of support is included?

FINCAD provides both self help and live technical support services:

Self Help Services - The Customer Support portal provides user guides, supporting workbooks, product release notes, math and function references, product demonstrations and a comprehensive database of searchable FAQs.

Live Technical Support - Live technical support is available Monday to Friday via telephone and email during the following hours, covering all regions globally:

1am - 8pm EST
9am - 12 midnight GMT

Can you create custom workbooks for my organization?

Yes, our Professional Services team can build custom workbooks on a contract basis, helping you save time and get the most out of your FINCAD software.

What are the minimum system requirements for F3 Excel Edition?
Hard drive space 200 MB
Memory 2 GB of RAM. More memory is strong recommended.
Processor Intel Core i5 or equivalent
Operating System

Microsoft® Windows 8.1 Pro 32-bit and 64-bit
Microsoft® Windows 8 Pro 32-bit and 64-bit
Microsoft® Windows 7 Professional and Ultimate 32-bit and 64-bit (SP1)
Note: FINCAD is not extensively testing F3 Excel Edition 4.2 on the following operating systems:
Microsoft Windows Server 2012 R2 Standard Edition 64-bit
Microsoft Windows Server 2008 R2 Standard Edition 64-bit (SP1)
FINCAD will fix any reproducible user-reported issues encountered on these platforms.

Others

Adobe® Acrobat Reader 10.0
Any of the following standards-compliant Web browsers:
Microsoft® Internet Explorer 10
Mozilla® Firefox 24.0
Google Chrome 30.0
Any of the following:
Microsoft® Excel 2007 SP2, version 12.0.6514.5000 or later
Microsoft Excel 2010 (32/64-bit) SP2
Microsoft Excel 2013 (32/64-bit)

What are the minimum system requirements for F3 SDK?
Hard drive space 200 MB
Memory 2 GB of RAM. More memory is strongly recommended.
Processor Intel Core i5 or equivalent
Windows

Microsoft® Windows 8.1 Pro 32-bit and 64-bit
Microsoft® Windows 8 Pro 32-bit and 64-bit
Microsoft® Windows Server 2012 R2 Standard Edition 64-bit
Microsoft® Windows 7 Professional and Ultimate 32-bit and 64-bit (SP1)
Microsoft® Windows Server 2008 R2 Standard Edition 64-bit (SP1)

RedHat® Linux

Red Hat® Enterprise Linux 5.x 64-bit
Red Hat® Enterprise Linux 6.x 64-bit

Others

Any of the following standards-compliant Web browsers:
Microsoft® Internet Explorer 10
Mozilla® Firefox 24.0
Google Chrome 30.0
One of the following:
Microsoft® Visual Studio 2012 Update 3
Microsoft Visual Studio 2010 SP2
Microsoft® .NET Framework version 2.0 or 4.0
Adobe® Acrobat Reader 10.0
Java Development Kit (JDK) 5
Red Hat Linux:
gcc v4.1.2 (gcc 4.8.1 or later is recommended)
Adobe® Acrobat Reader 10.0
Java Development Kit (JDK) 5.0
Standards-compliant Web browser (Mozilla® Firefox 24.0)

What are the minimum system requirements for F3 Toolbox for use with MATLAB®?
Hard drive space 200 MB
Memory 2GB of RAM. More memory is strongly recommended.
Processor Intel Core i7-2600 or equivalent
Windows

Microsoft® Windows 8.1 Pro 32-bit and 64-bit
Microsoft® Windows 8 Pro 32-bit and 64-bit
Microsoft® Windows 7 Professional and Ultimate 32-bit and 64-bit (SP1)
Note: FINCAD is not extensively testing F3 Toolbox 4.2 on the following operating systems:
Microsoft Windows Server 2012 R2 Standard Edition 64-bit
Microsoft Windows Server 2008 R2 Standard Edition 64-bit (SP1)
FINCAD will fix any reproducible user-reported issues encountered on these platforms.

Others

MATLAB® 2012a for Windows
Adobe® Acrobat Reader 8.0
Any of the following standards-compliant Web browsers:
Microsoft® Internet Explorer 10
Mozilla® Firefox 24.0
Google Chrome 30.0

What are the minimum system requirements for F3 Platform?
Hard drive space 300 MB
Memory 8GB of RAM. More memory is strongly recommended.
Processor Intel Core i7-2600 or equivalent or better
Operating System

Microsoft Windows Server 2012 R2 Standard Edition 64-bit
Microsoft Windows Server 2008 R2 Standard Edition 64-bit (SP1)

RedHat® Linux

Red Hat® Enterprise Linux 5.x 64-bit
Red Hat® Enterprise Linux 6.x 64-bit

Others

Microsoft Windows Minimum Environment
Adobe® Acrobat Reader 10.0
Any of the following standards-compliant Web browsers:
Microsoft® Internet Explorer 10
Mozilla® Firefox 24.0
Google® Chrome 30.0
Linux Minimum Environment
Adobe® Acrobat Reader 10.0
Standards-compliant Web browser (Mozilla® Firefox 24.0)
Requirements for running F3 Market Data Connector
JRE 1.6 Update 35 or later. Download from the Java website at www.java.com.
JBoss HornetQ 2.2.14 Final. Download from the HornetQ website at www.jboss.org/hornetq.
(Optional) A preconfigured Thomson Reuters RFA (Reuters Foundation API) connection.
(Optional) MySQL 5 or later. Download from the MySQL website at www.mysql.com.

Contact Us

USA/Canada1.800.304.0702
Europe353.1.400.3100
Asia86.10.5737.9670
Other Regions1.604.957.1200
info@fincad.com