SunGard Trading and Risk Systems has entered into a partnership agreement with US-based Derivatives Solutions to add support for mortgage-backed and asset-backed securities to the Panorama risk management package.
As a result of the partnership, Panorama will now offer support for mortgage-backed securities, asset-backed securities, collateralised mortgage obligations, adjustable rate mortgage securities, commercial mortgage-backed securities and residential and commercial mortgage loans.
Under terms of the partnership, the mortgage analytics within Derivatives Solutions, including option-adjusted valuation and risk sensitivity measures, will be embedded within Panorama for support of MBS/ABS instruments. The Derivative Solutions’ Calculation Server will allow the user to integrate a variety of data sources, customised security types and prepayment models.
The integration effort will be conducted using Microsoft COM technology.