FINCAD F3 will be the valuation engine for daily evaluated bond pricing.
Vancouver, BC, June 6, 2017- FINCAD, the leading provider of multi-asset portfolio and risk management solutions, is pleased to announce that Nordic Bond Pricing (NBP), a provider of independent Nordic bond pricing, will use FINCAD’s industry standard models to calculate accurate daily bond prices, key risk ratios and sensitivities.
Nordic Bond Pricing opted for FINCAD F3 because they can integrate FINCAD’s comprehensive models with their market leading data and in-house models. Using F3 will support an efficient pricing and risk workflow, yielding consistent pricing and risk calculations for their clients. Nordic Bond Pricing’s clients, which include asset managers, mutual funds, insurance companies and banks, rely on NBP’s evaluated pricing for their daily operations.
“FINCAD F3 will enable us to provide reliable and accurate independent bond prices and allow us to respond swiftly to market changes,” said Vegard Annweiler, CEO, Nordic Bond Pricing. “FINCAD’s flexibility also helps us to model and price non-standardized cash-flows/ bonds, and will permit us to handle more complex bond structures efficiently and with minimum operational risk.”
Vegard added, “We have been equally pleased with FINCAD’s professional services and client support teams in getting our solution to market. FINCAD has proven to be customer-focused, solution-oriented, and professional in all phases of the implementation.”
“In an unpredictable marketplace, financial institutions need the ability to quickly adapt to change,” said Bob Park, FINCAD CEO. “For this reason, advanced portfolio and risk management systems are— now more than ever—an absolute necessity. Such systems empower firms to stay competitive, and easily accommodate changing needs by providing the necessary coverage, flexibility and functionality. Using FINCAD F3, Nordic Bond Pricing will be able to adjust their pricing and modeling approaches as needed, without requiring costly and time-consuming development each time. The time and cost savings of this approach over the long-term will be significant.”
FINCAD is the leading provider of integrated multi-asset portfolio and risk management solutions. Since 1990, our industry standard models, flexible architecture and patented technology have enabled global financial firms to improve performance, manage risk and comply with regulations. Clients include leading asset managers, hedge funds, insurance companies, pension funds, banks and auditors. For more information, visit www.fincad.com.
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