Fincad, a leading global provider of financial analytics and Provident Risk Management, announced today that Provident is using Fair Value Insight as the foundation for its clients' credit risk management and market valuations for interest rate derivatives and maximum potential credit exposure.
Fair Value Insight is a secure web-based independent valuation solution built upon FINCAD's industry standard analytics and ICAP's unrivaled market data. 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. It provides valuations for interest rate, foreign exchange and commodity derivatives, and debt securities.
"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," said Bob Park, president and CEO, FINCAD.
"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," said Mart McConnell, Managing Partner, Provident Risk Management. "Clients can tailor reports to monitor individual trade portfolios and define parameters to generate automatic periodic reports."