London and New York-based Monis has added new asset swaps functionality to its dedicated convertibles analytics to cater for the significant growth of investor interest in credit risk, particularly from the hedge funds arena.
Swap writers, traders, fund managers and risk managers can now utilise Monis Asset Swaps to incorporate both the equity optionality and credit optionality of the asset swap structure, according to their individual needs, says the company. The valuation model will enable investors to compare instruments from different markets within the same framework.
Monis Asset Swaps can be accessed via Monis’ spreadsheet-based analytics (Convertibles XL v.4.1), specialist equity-linked front office system (Convertibles Analyser v.3) or as a stand-alone library which can be integrated with other systems.