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Leading Reinsurer Extends FINCAD Analytics Suite use for Independent Portfolio Valuation
FINCAD, the market leader for innovative OTC derivatives solutions, announced today that a leading European reinsurer has extended its use of FINCAD Analytics Suite to independently value its portfolio against its in-house system.
The reinsurer originally selected FINCAD Analytics Suite because its comprehensive coverage allowed for valuation of all of the derivatives in its portfolio, which included equity index and foreign exchange options, swaptions, and variance, interest rate and total return swaps. The reinsurer has been using FINCAD in its risk department since 2009, and chose to extend its licenses as it was very satisfied with the solution’s usability, coverage and dedicated customer support.
Bob Park, President and CEO, FINCAD said, “Our market surveys have indicated that obtaining independent valuations (http://www.fincad.com/
FINCAD Analytics Suite is the industry's most comprehensive financial analytics library available. With extensive cross-asset coverage of derivatives and fixed income vanilla instruments and detailed documentation, financial professionals can quickly and easily generate accurate and transparent valuations of instruments in their portfolio. More information can be found at www.fincad.com
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 risk 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-