FINCAD Releases FINCAD XL Version 10.1 and FINCAD Developer Version 10.1
VANCOUVER, BC, CANADA, May 24, 2007 –- Announced on May 18th, 2007, FINCAD XL v10.1 and FINCAD Developer v10.1 are now available for download for FINCAD v10 users.
FINCAD XL - v10.1 Highlights:
- Interest Rate Derivatives - New analytics make it easy to price European swaptions using a normal model with a single function
- Fixed Income Derivatives - New jurisdictional bonds include Japanese inflation bonds and South Korean Busan bonds. New German inflation linked bonds and Australian FRNs have also been added.
- Updated duration calculations - More complete risk assessment for FRNs by allowing comparisons between duration, modified duration, and effective duration as well as convexity.
- Credit Derivatives - Base correlation mapping enables users to evaluate bespoke CDO tranches based on market quoted CDO base correlation figures.
- Credit Derivatives - Analytics allow for the calculation of a VOD (value on default) risk statistic for more complete CDO analysis.
- Curves - Generate smoother forward curves for tax-exempt/municipal swaps.
- Options - New vanilla option functions with repo rate input allow for more accurate pricing of long-dated options as well as the ability to account for the repo rate when shorting stocks.
Additional product details are available at www.fincad.com or contact your FINCAD representative.
About FINCAD
FINCAD provides software and services that support the valuation and risk management of financial securities and derivatives that is essential for banks, corporate treasuries and asset management firms. FINCAD’s industry standard financial analytics are a key component in FINCAD solutions that are used more than 25,000 professionals in over 70 countries.
Media Contact:
Tracey Ho Sui
Direct: +1.604.957.1222
Email: t.hosui@fincad.com
http://www.fincad.com