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FINCAD Names Nora Irene Ghartey as Winner of its 2020 Women in Finance Scholarship
Drumroll please… It is my greatest pleasure to announce that we have selected a winner for this year’s Women in Finance Scholarship! Nora Irene Ghartey, a native of Ghana and exceptionally talented young woman, will use the award money to pursue a MSc degree in Financial Mathematics at the London School of Economics and Political Sciences (LSE). At FINCAD, we are committed to helping talented
Women_in_Finance
Firms_Ready
Are Firms Ready for the Transition to SOFR Discounting?
The way forward for the cessation of the Libor benchmark rate continues to take shape. One change presently planned for October 2020 is the switch from Fed Funds to SOFR discounting. Undoubtedly, moving to SOFR will create challenges for affected firms, as their systems and processes may not be ready for this massive shift. To assess just how prepared financial institutions are to meet the demands
July 29, 2020
Blog
Top_Employer
FINCAD Named a Top Employer in Two Competitions
I am pleased to announce that FINCAD has recently been recognized as an outstanding employer in two competitions. FINCAD was named one of BC’s Top Employers for 2020 and a Top Canadian Small to Medium Enterprise (SME) for 2020. BC's Top Employers recognizes the 100 British Columbian employers that lead their industries in offering excellent places to work. Noted as a workplace innovator, FINCAD
July 29, 2020
Blog
Prepare-For-Impact
Prepare for the Impacts of Monetary Expansion by Leveraging Inflation
The outlook for economic impacts of the coronavirus pandemic remains uncertain. But we are seeing the US Fed and many other central banks taking drastic steps to stem deflation and stimulate lending. US interest-rates are now almost zero, and modern expansionist monetary policy is in full effect with quantitative easing and the use of newly printed money for intervention in the open markets. In
July 29, 2020
Blog
Simplify_Hedge_Accounting
The Beauty of Simplifying Hedge Accounting
When it comes to hedge accounting, firms face common challenges that add unnecessary complexity to their operations. Chief among these are relying on spreadsheets and manual processes for tasks such as hedging interest rate risk or tracking cash flow volatility. But while spreadsheet usage is a typical practice for hedge accounting, it is a time-consuming and massively error-prone one. In today’s
July 28, 2020
Blog
End of IBOR
Gearing Up for the End of IBOR
The move to alternative risk-free rates (RFRs) is upon us. While we do not know an exact date for when Libor will be formally discontinued, we believe it’s coming –and relatively soon. Firms are now in a phase of needing to adapt their technology and valuation and risk processes to meet this new frontier. From EONIA to €STR To foster liquidity one of the first steps involves transitioning the
July 9, 2020
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