Provident Risk Management is using FINCAD’s Fair Value Insight (FVI), as the foundation for its clients’ credit risk management and market valuations for interest rate derivatives and maximum potential credit exposure. FVI is a web-based independent valuation solution built on industry standard analytics and ICAP’s market data.
FINCAD has claimed that the solution enables corporate treasuries, banks, asset management and other financial and non-financial institutions to meet their risk management, independent valuation and regulatory compliance needs. The company has added that the solution provides valuations for interest rate, foreign exchange and commodity derivatives, and debt securities.
Bob Park, president and CEO, FINCAD, commented: In a market where risk measurement is a necessary part of day to day business, we are pleased to work with Provident to equip clients with the capability to deliver on-demand derivatives valuations right to their inbox for greater transparency and improved liquidity risk management.
Mart McConnell, managing partner, Provident Risk Management, said: Fair Value Insight enables us to calculate maximum potential credit exposure at a 95% confidence level, allowing us to provide banks and corporations with an objective review of potential credit risk. Clients can tailor reports to monitor individual trade portfolios and define parameters to generate automatic periodic reports.
Canada-based FINCAD provides software and services supporting the valuation and risk management of cross-asset class derivatives and fixed income securities to banks, corporate treasuries, asset management firms, auditors, and governments.
North Carolina-based Provident Risk Management provides risk management strategies for users of interest rate swaps and other derivatives.
