FINCAD offers the most transparent solutions in the industry, providing extensive documentation with every product. This is complemented by an extensive library of white papers, articles and case studies.

Tax Exempt (Municipal) Swaptions

Options on municipal swaps, such as BMA fixed/floating swaps, in which the floating leg payments are based upon the US Bond Market Association Municipal Swap Index (the "BMA Index"). The BMA index is usually 65%-70% of its taxable equivalent, 1-month LIBOR. Payment is based upon an average of the weekly BMA index resets. The rates are weighted by the number of days of overlap between the 7-day rate period and the payment calculation period (i.e., 7 if the week falls entirely within the payment period, or less if there is only partial overlap).


F3 Video

The next generation of powerful valuation and risk solutions is here.


F3 Brochure

Portfolio valuation and risk analytics for multi-asset derivatives and fixed income.