Press Releases

FINCAD Enhances Solutions in Response to Market Need for Better Risk Management

Vancouver, BC — May 20, 2009

FINCAD, ranked as leader of independent pricing and risk analytics in a new independent analyst report by Celent, today announced the latest release of FINCAD Analytics Suite 2009 for Excel. This launch responds to volatility affecting yield curves by including recently released basis curve pre-built workbook solutions into one complete package.

Recent events have resulted in record high levels of volatility combined with low liquidity in many financial markets. These two factors have profoundly impacted yield curves, returning unexpected results and leading to anomalies between counterparty and in-house valuations. FINCAD has created convenient, easy-to-use workbook solutions to address these valuation anomalies with three new workbooks: basis spread curve, vanilla swap with basis spreads, and compounding swaps with basis spreads.

"Our latest release further demonstrates that we recognize the importance of promptly responding to market conditions and providing solutions to our clients' pressing needs for better risk management and increased transparency," said Bob Park, president and CEO, FINCAD. "We also recently provided our customers with a workbook to support the new ISDA CDS standard model for pricing single name CDS contracts."

The CDS workbook, also included in this latest release, implements the ISDA model in a format similar to FINCAD's current solutions with the added benefit of providing fair value as well as additional risk measurement outputs such as par spread and risk statistics.

To learn more about yield curves, please view the recording of FINCAD's latest Curves Webinar or download a 7-day trial of FINCAD Analytics Suite 2009.

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