FINCAD Newsletter July 2010
SPECIAL FEATURES
FEATURED TIP
PRODUCT ANNOUNCEMENTS
- F3 Excel Edition
- Enhancements to Fair Value Insight
- FINCAD XL and FINCAD Developer v7 and v8 have been retired - make the move to FINCAD Analytics Suite 2010
- New FINCAD Website
FINCAD CUSTOMER SPOTLIGHT
FINCAD PARTNER SPOTLIGHT
Further Reading
SPECIAL FEATURES
Celent Report : Optimizing the OTC Pricing and Valuation Infrastructure
Total Cost of Analytics - It's More than You Think
Identify cost-accumulating areas that may be hampering your organization and discover key steps your organization can take to improve ROI.
Request your complimentary copy of this eye-opening study by Celent to discover key areas that continue to plague firms involved with in-house derivatives analytics systems. See how significant duplication of analytics across front, middle and back offices are further compounded by indirect costs, inefficiencies, and integration expenses. » Find out how to get your copy
FEATURED TIP
Building a Portfolio Workbook
Portfolio workbooks are used to manage a collection of trades. This article describes how to construct a portfolio workbook from a paste example of a FINCAD function. Tips on workbook building and automation with the use of Visual Basic for Applications (VBA) are introduced. » Learn how to build a portfolio workbook
PRODUCT ANNOUNCEMENTS
F3 Excel Edition
In a recent FINCAD survey, financial professionals revealed a greater need for detailed risk management models and better transparency for OTC derivatives pricing solutions. Responding to customer demands, the newest product in the F3 line, F3 Excel Edition, is an extremely flexible solution that provides finance professionals in banks, hedge funds and asset management firms with the ability to respond to the market in real time and rapidly model virtually any complex trade that is not currently in their existing system. In addition, F3 Excel Edition provides these users with comprehensive risk reports for their complex trades and portfolios to better manage risks faced by their organizations. » Request a Trial of F3 Excel Edition
Enhancements to Fair Value Insight
FINCAD continues to expand Fair Value Insight coverage based on customer feedback. The combination of financial analytics with market data in a single application provides end users with greater value, ease of use, and transparency - all designed with the ability to generate reports automatically. New features to Fair Value Insight include:
- Ability to price averaging commodity options (swaps) using either volatility surfaces or flat volatility assumptions
- More commodity option pricing
- Improved reporting functionality
- Greater visibility enhances the ability to manage and report on derivatives portfolio
- CVA calculations on FX Forwards have been added to provide an easy-to-use, affordable option to comply with the coming regulations
- Credit risk adjusted fair values and market risk numbers for the most commonly used instruments
FINCAD XL and FINCAD Developer Retirement Campaign Protect your business – upgrade now to FINCAD Analytics Suite 2010
As the vast majority of our clients have already upgraded to FINCAD Analytics Suite, we are retiring older versions of FINCAD XL and FINCAD Developer so that we can better meet the needs of our current clients.
As of June 30, 2010 FINCAD XL and FINCAD Developer versions 7 and 8 have retired. Also, support for version V9, including license transfers, product reactivations and media replacements, will be discontinued as of December 31, 2010. License holders of these older versions are encouraged to contact a FINCAD representative today to upgrade their software to FINCAD Analytics Suite to minimize any potential disruption to their business.
New FINCAD Website
FINCAD has launched its new website! The website has been designed with the user in mind and contains new features such as the latest company and industry news. » Take a look!
FINCAD CUSTOMER SPOTLIGHT
The Clifton Group Selects F3 SDK
The Clifton Group, a SEC registered investment advisory firm, announced today that Clifton has selected the F3 SDK analytics platform to expand their existing enterprise-wide derivatives pricing and valuation system. » Click here to learn more
FINCAD PARTNER SPOTLIGHT
FinAnalytica Integrates FINCAD Analytics in New Cognity Release for Full Multi-Asset and Multi-Strategy Coverage
FinAnalytica, a leading provider of real world portfolio risk solutions for asset managers, hedge funds and multi-manager funds, has expanded its derivatives pricing coverage by embedding FINCAD’s Analytics Suite into Version 3.2 of Cognity, its flagship platform. » Click here to learn more
FURTHER READING
Credit Value Adjustment: Now a Required Necessity
From bumping curves to simulating exposures
Over 43% of companies are now required to calculate the Credit Value Adjustment (CVA) for their derivative valuations. In addition, 50% of auditors require their clients to include a credit adjustment on more of their derivative positions. Many finance professionals had been using simple approaches that did not calculate this risk correctly for most derivatives positions. This paper reviews the shortcomings associated with the simpler approaches and introduces a more robust method for a more accurate measurement of CVA. » Download Now
FINCAD Derivatives Transparency Scorecard™
Auditors withholding sign-off on your financial reports? Shareholders losing confidence? Your company can't risk this!
Today's uncertain business environment and the need to comply with tighter regulations have made accounting for financial instruments more complicated. As a corporate financial professional, you need to ensure that you are equipped with the necessary tools and knowledge to set up an auditor-ready derivatives valuation process.
Stop operating in the dark - take 5 minutes to find out how transparent and compliant your current derivatives valuation process truly is. » Complete the FINCAD Derivatives Transparency Scorecard™
