Press Releases
Provident Risk Management and FINCAD Partner to Provide Independent Valuations
Maximum potential credit exposure calculations with 95% confidence level
Vancouver, BC- July 22, 2009
FINCAD, a leading global provider of financial analytics and Provident Risk Management, announced today that Provident is using Fair Value Insight as the foundation for its clients' credit risk management and market valuations for interest rate derivatives and maximum potential credit exposure.
Fair Value Insight is a secure web-based independent valuation solution built upon FINCAD's industry standard analytics and ICAP's unrivaled market data. The solution enables corporate treasuries, banks, asset management and other financial and non-financial institutions to meet their risk management, independent valuation and regulatory compliance needs. It provides valuations for interest rate, foreign exchange and commodity derivatives, and debt securities.
"In a market where risk measurement is a necessary part of day to day business, we are pleased to work with Provident to equip clients with the capability to deliver on-demand derivatives valuations right to their inbox for greater transparency and improved liquidity risk management," said Bob Park, president and CEO, FINCAD.
"Fair Value Insight enables us to calculate maximum potential credit exposure at a 95% confidence level, allowing us to provide banks and corporations with an objective review of potential credit risk," said Mart McConnell, Managing Partner, Provident Risk Management. "Clients can tailor reports to monitor individual trade portfolios and define parameters to generate automatic periodic reports."
To learn about how to overcome challenges in managing ISDA documentation and counterparty credit risk, 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 Provident Risk Management
Provident Risk Management provides risk management strategies for users of interest rate swaps and other derivatives. They offer analysis of existing derivatives documentation, transaction valuation services, risk management training, operations support services, derivatives documentation origination and negotiation. Provident provides corporate treasuries, banks, and other financial institutions with an outsourced risk management, documentation and reporting support model that is priced on a per transaction basis. www.providentrisk.com.
Media Contact:
Armita Seyedalikhani
FINCAD
Direct: +1.604.957.1222
Email: a.seyedalikhani@fincad.com
