VANCOUVER and DUBLIN, Oct. 23, 2012 -- 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 midsized reinsurer of property and casualty insurance uses FINCAD Analytics to value its interest rate and foreign exchange instruments independently, with complete transparency into the models.
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 is one of the greatest challenges for the buy-side. An easy-to-use desktop solution like FINCAD Analytics Suite is an indispensable tool for these finance professionals, and our clients find it to be an essential part of their valuations process. We have a very satisfied customer base – over 90% of users would recommend FINCAD Analytics Suite."
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.
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