ICAP, a global interdealer broker and FINCAD, a global provider of financial analytics, have launched ‘Fair Value Insight’ to address the growing need for increased transparency and independent valuations allowing better liquidity, counterparty and operational risk management.
FINCAD has claimed that the Fair Value Insight is a web-based derivatives valuation solution built on its analytics and ICAP’s unrivaled market data. The solution enables corporate treasuries, banks, asset management firms and other financial and non-financial institutions to meet their risk management, independent valuation and regulatory compliance needs. It provides valuations for interest rate, FX, commodities, OTC derivatives, and debt securities, ensuring valuations are transparent and accurate.
Lawrence Leuzzi, managing director, ICAP Information Services, said: We are pleased to work with FINCAD to address the record market demand for accurate third party valuations with Fair Value Insight. The new Fair Value Insight offering complements ICAP’s market data suite and will help our customers with their valuation needs.
Bob Park, president and CEO, FINCAD, said: With transparency as a key component of active risk management, Fair Value Insight provides a complete view of valuations models, assumptions and methodology enabling users to comply with regulatory requirements including FAS 157 and IFRS 7.
