Post by Sapphire Capital on Jul 24, 2008 3:25:26 GMT 4
July 23, 2008
FINCAD and SimCorp have entered into an agreement to integrate FINCAD's derivatives pricing software into SimCorp's investment management enterprise solution, SimCorp Dimension.
The global agreement extends SimCorp Dimension's integrated pricing mechanism to encompass a wider range of derivatives than ever before. These include credit derivatives and instruments implemented within the system's new XpressInstruments framework, such as exotic derivatives, structured products and hybrids.
These can now be valued directly from within SimCorp Dimension using FINCAD's advanced theoretical pricing solutions. As a result SimCorp Dimension customers can eliminate data manipulation tasks required to price such positions and thus reduce operational risk while simultaneously improving efficiency.
Søren G.A. Pedersen, vice president for partner development at SimCorp comments, "FINCAD derivatives pricing expertise perfectly complements SimCorp Dimension, allowing us to offer our customers access to timely, accurate and proven pricing for credit and other more complex derivatives seamlessly from their existing SimCorp Dimension solutions."
Bill Stewart, Vice-President of Sales at FINCAD comments, "As derivatives are increasingly traded on an individual basis, a precise valuation of each contract is crucial in providing an accurate portfolio valuation. With SimCorp joining the FINCAD Alliance Program, we are delighted to assist SimCorp customers to achieve this and to stay ahead in today's international financial markets."
Notes and contacts
About SimCorp
SimCorp is a leading provider of highly specialised software and financial know-how for the financial sector. SimCorp has approximately 1,000 employees and is listed on OMX Nordic Exchange Copenhagen A/S. For more than 35 years, SimCorp has developed its product in close collaboration with a number of international financial institutions.
The SimCorp system, SimCorp Dimension, is sold, implemented and supported from the head office in Copenhagen and subsidiaries in Amsterdam, Brussels, Frankfurt, Hong Kong, Kiev, London, Los Angeles, New York, Oslo, Singapore, Stockholm, Sydney, Vienna and Zurich.
About FINCAD
FINCAD provides software and services that support the valuation and risk management of financial securities and derivatives that are essential for banks, hedge funds, corporate treasuries and asset management firms.
FINCAD's industry standard financial analytics are a key component in FINCAD solutions that are used by more than 25,000 professionals in over 70 countries. The FINCAD Alliance Program enables partners to leverage FINCAD software and expertise to meet their customers' evolving needs for robust financial analytics while allowing partners to focus on their core business.
Contact Details
Name Marilyn Watson
Telephone 44 208 3922332
Email marilyn@watsons.org.uk
FINCAD and SimCorp have entered into an agreement to integrate FINCAD's derivatives pricing software into SimCorp's investment management enterprise solution, SimCorp Dimension.
The global agreement extends SimCorp Dimension's integrated pricing mechanism to encompass a wider range of derivatives than ever before. These include credit derivatives and instruments implemented within the system's new XpressInstruments framework, such as exotic derivatives, structured products and hybrids.
These can now be valued directly from within SimCorp Dimension using FINCAD's advanced theoretical pricing solutions. As a result SimCorp Dimension customers can eliminate data manipulation tasks required to price such positions and thus reduce operational risk while simultaneously improving efficiency.
Søren G.A. Pedersen, vice president for partner development at SimCorp comments, "FINCAD derivatives pricing expertise perfectly complements SimCorp Dimension, allowing us to offer our customers access to timely, accurate and proven pricing for credit and other more complex derivatives seamlessly from their existing SimCorp Dimension solutions."
Bill Stewart, Vice-President of Sales at FINCAD comments, "As derivatives are increasingly traded on an individual basis, a precise valuation of each contract is crucial in providing an accurate portfolio valuation. With SimCorp joining the FINCAD Alliance Program, we are delighted to assist SimCorp customers to achieve this and to stay ahead in today's international financial markets."
Notes and contacts
About SimCorp
SimCorp is a leading provider of highly specialised software and financial know-how for the financial sector. SimCorp has approximately 1,000 employees and is listed on OMX Nordic Exchange Copenhagen A/S. For more than 35 years, SimCorp has developed its product in close collaboration with a number of international financial institutions.
The SimCorp system, SimCorp Dimension, is sold, implemented and supported from the head office in Copenhagen and subsidiaries in Amsterdam, Brussels, Frankfurt, Hong Kong, Kiev, London, Los Angeles, New York, Oslo, Singapore, Stockholm, Sydney, Vienna and Zurich.
About FINCAD
FINCAD provides software and services that support the valuation and risk management of financial securities and derivatives that are essential for banks, hedge funds, corporate treasuries and asset management firms.
FINCAD's industry standard financial analytics are a key component in FINCAD solutions that are used by more than 25,000 professionals in over 70 countries. The FINCAD Alliance Program enables partners to leverage FINCAD software and expertise to meet their customers' evolving needs for robust financial analytics while allowing partners to focus on their core business.
Contact Details
Name Marilyn Watson
Telephone 44 208 3922332
Email marilyn@watsons.org.uk