Press Releases
ICAP and FINCAD Launch Derivatives Valuation Solution
Fair Value Insight addresses need for increased transparency and better liquidity and counterparty risk management
London, New York, Vancouver - July 21, 2009
ICAP (IAP.L), the world's leading interdealer broker and FINCAD, the leading global provider of financial analytics, announced today the launch of Fair Value Insight. This new solution addresses the growing need for increased transparency and independent valuations allowing better liquidity, counterparty and operational risk management.
Fair Value Insight is a cost-effective and secure web-based derivatives valuation solution built on FINCAD's industry standard analytics and ICAP's unrivaled market data. The solution enables corporate treasuries, banks, asset management firms and other financial and non-financial institutions to meet their risk management, independent valuation and regulatory compliance needs. It provides valuations for interest rate, FX, commodities, OTC derivatives, and debt securities, ensuring valuations are transparent and accurate.
Fair Value Insight, integrated with ICAP market data provides best practices valuation processes through automated reporting capabilities, allowing users to leverage a consistent valuation process with reports automatically delivered via email as frequently as needed. Portfolio-level valuations enable users to stay up-to-date with their derivatives positions, enabling them to react more quickly to changes in their net derivatives positions and audits.
"Active risk management through ongoing measurement and up-to-date knowledge of derivative cash flows for liquidity and capital management is now a business necessity," said, Lawrence Leuzzi, Managing Director, ICAP Information Services. "We are pleased to work with FINCAD, an industry leader in financial analytics, to address the record market demand for accurate third party valuations with Fair Value Insight. The new Fair Value Insight offering complements ICAP's market data suite and will greatly help our customers with their valuation needs."
"As markets remain volatile, counterparty, liquidity and capital concerns remain high on most institutions' radars," said Cubillas Ding, Senior Analyst, Celent. "The ability to monitor and manage cross-risk effects in a more proactive and cohesive manner can determine a firm's ability to not only sidestep undue vulnerabilities, but also to facilitate effective decision-making in relation to ongoing market movements and regulatory overheads for risk-taking. Forward-thinking firms are looking to underpin these efforts with consistent accounting and risk measurements by requiring a high level of precision, consistency and clarity for ongoing valuation of derivative portfolios."
"We are thrilled to be working with a trusted global provider of market data such as ICAP to equip clients with easy to use and accurate valuation solutions for risk measurement in today's market," said Bob Park, president, CEO, FINCAD. "With transparency as a key component of active risk management, Fair Value Insight provides a complete view of valuations models, assumptions and methodology enabling users to comply with regulatory requirements including FAS 157 and IFRS 7."
To learn more about how to overcome challenges in managing ISDA documentation and counterparty credit risk with Fair Value Insight, view our webinar.
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.
About ICAP
ICAP is the world's premier interdealer broker and provider of post trade services. The Group matches buyers and sellers in the wholesale markets in interest rates, credit, commodities, foreign exchange, emerging markets, equities and equity derivatives through voice and electronic networks. ICAP is also the source of global market information and research for professionals in the international financial markets. ICAP plc was added to the FTSE 100 Index on 30 June 2006. For more information go to www.icap.com.
Media Contact:
Armita Seyedalikhani
FINCAD
Direct: +1.604.957.1222
Email: a.seyedalikhani@fincad.com
