Press Releases

FINCAD Updates Capabilities to Handle New ISDA CDS 'Big Bang'

Vancouver, Dublin — April 9, 2009

FINCAD, a leading global provider of financial analytics, today announced that it has implemented updates to its FINCAD Analytics Suite 2009 for Excel to support the new ISDA CDS standard model for pricing single name CDS contracts.

"The rapid growth of the CDS market has drawn regulatory focus on standardizing the infrastructure of this market. Firms now require more comprehensive coverage to meet various standards." Bob Park, president and CEO, FINCAD. "The updates FINCAD has made will allow our clients to address these changes, which will significantly affect existing modeling and trading infrastructure. The upcoming changes will provide a means to ensure further consensus of results across positions, and add more transparency."

The FINCAD Analytics Suite 2009 for Excel now includes a workbook that implements the ISDA CDS model. The new workbook allows users to implement the ISDA model in a format very similar to FINCAD's current solutions. Included within the workbook are easy to use dropdowns that provide the available choices along with additional outputs such as fair value, par spread as well as risk statistics.

The FINCAD Analytics library of financial instruments in all major asset classes provides users with the advantage of using one source to value and measure the risk of a wide variety of financial securities and derivatives. It is one of the most extensively documented financial analytics solutions in the industry. This provides transparency and enables users to verify valuation and risk calculations.

About FINCAD

Founded in 1990, FINCAD provides software and services supporting the valuation and risk management of cross-asset class derivatives and fixed income securities to banks, corporate treasuries, asset management firms, auditors, and governments. FINCAD is the industry standard for financial analytics used by more than 35,000 financial professionals in over 80 countries. Over 70 FINCAD Alliance Partners embed FINCAD analytics within their solutions. FINCAD provides sales and client services from Dublin, Ireland and Vancouver, Canada. For additional information, visit www.fincad.com.

Media Contact:

Armita Seyedalikhani
Direct: +1.604.957.1222
Email: a.seyedalikhani@fincad.com