PwC New Zealand Selects Fair Value Insight for Derivatives Valuations

FINCAD announces today that it has teamed with PwC New Zealand to implement a fully customized version of Fair Value Insight® to calculate derivatives valuations for its clients in Asia, Middle East and Europe.
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Dec. 13, 2011 - PRLog -- Vancouver, Dublin – December 13th, 2011

FINCAD, the market leader for innovative over-the-counter (OTC) derivatives solutions, today announced it has teamed with PwC New Zealand, one of the top consulting firms in the world, to implement a fully customized version of Fair Value Insight ® to calculate derivatives valuations for its clients in Asia, Middle East and Europe.

Fair Value Insight is a secure, Software-as-a-Service solution that combines ICAP’s daily market data services with FINCAD’s industry standard analytics, enabling firms to accurately value financial trades and apply consistent pricing models independent of the number of clients or offices deploying this tool.

Valuing thousands of trades for both external clients and auditors across the world, PwC New Zealand chose Fair Value Insight to value common trades via a dedicated, web-based solution. With detailed PDF reports that show the methodology used for its calculations, Fair Value Insight provides firms with all the information their clients need to comply with fair value standards such IFRS 7 within minutes.

The customized version of Fair Value Insight also provides for easy management and tracking of individual engagements and associated valuations, which aligns very well with PwC New Zealand’s business.

“We are very excited that PwC New Zealand selected Fair Value Insight to do derivatives valuations,” said Bob Park, President & CEO, FINCAD. “It is a critical solution for consultants and auditors looking to save time and reduce their operational risk. The fact that 6 of the top 10 Fortune 500 companies are using FINCAD solutions speaks for itself.”

“As one of PwC’s busiest offices for derivatives valuations, we highly value our time,” says Paul Skillender, Partner, PwC New Zealand. “Fair Value Insight gives us the capability to quickly value our client’s derivatives, so we can now reorganize our staff to focus on more complex valuations. Since we can track individual engagements and add new users and trades easily, Fair Value Insight also gives us the scalability that we need with the assurance that, as our business expands, we have a solution that can grow with us.”

Fair Value Insight can also be directly available for organizations such as corporations, banks and credit unions around the world. Based on the same platform, FINCAD also released Hedge Accounting Insight in September of this year. Hedge Accounting Insight helps corporate treasurers comply with hedge accounting standards.
For more information on Fair Value Insight or Hedge Accounting Insight, please visit

Founded in 1990, FINCAD provides advanced modeling solutions built on award-winning, patent pending technology. With more than 4,000 clients in over 80 countries around the world, FINCAD is the leading provider of financial analytics technology, enabling global market participants to make informed hedging and investment decisions. FINCAD provides software and services supporting the valuation, reporting and risk management of derivatives and fixed income portfolios to banks, corporate treasuries, hedge funds, asset management firms, audit firms, and governments. FINCAD Analytics can be accessed through Excel, MATLAB, as a Software-as-a-Service or embedded into an existing system through software development kits. Now, over 70 FINCAD Alliance Partners embed FINCAD Analytics within their solutions. FINCAD provides sales and client services from Dublin, Ireland, and Vancouver, Canada.

About PwC
PwC firms help organizations and individuals create the value they’re looking for. We’re a network of firms in 158 countries with close to 169,000 people who are committed to delivering quality in assurance, tax and advisory services. Tell us what matters to you and find out more by visiting us at

Media Contact:
Sarah Quon
Direct: +1.604.831.9599

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Founded in 1990, FINCAD provides software and services supporting the valuation and risk management of cross-asset class derivatives and fixed income securities to more than more than 4,000 organizations in over 80 countries.
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Tags:FINCAD, Pwc, New Zealand, Otc, Derivatives, Fair Value Insight, Icap, Hedge Accounting Insight
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