SuperDerivatives claims that its platform will allow Vestia to improve hedging capabilities for interest rate derivatives and to support the back office operations.
In the Dutch social housing sector, long dated swaps (up to 50 years) are used to hedge interest rate risks matching the economic lifetime of the underlying housing portfolio.
SDX will offer for the accuracy of Vestia’s independent pricing model, analytics, post-trade deal management tools, risk and performance reports.
Vestia group treasurer Marcel Devries said they have experience with using a number of different derivatives systems, both third-party and in-house, but SD has shown the clear advantage of being able to deliver valuation precision in a very smart and user-friendly way.
SD regional sales manager for Northern Europe Amitai Ratzon said SDX offers a level of accuracy which will allow Vestia to mitigate risk and smartly manage its entire interest rate derivatives operations.
"Being a significant end user of interest rate derivatives, Vestia needed a specialized system to look after its pre- and post-trade activities for simple and complex interest rate derivatives instruments," Ratzon said.
