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AXA Hedging Services Opts for Price-it Excel for Interest Rate Derivatives Valuations

AXA Hedging Services has chosen Pricing Partners’ flagship pricing solution, Price-it Excel, to value some of its interest rates derivatives. Laurent Bourlard, CEO of the internal service provider subsidiary of AXA, indicates that the firm selected the solution because of its additional analysis functionality.

“We were looking for a solution that could support not only pricing but also additional analysis of our interest rates derivatives asset portfolio, as part of our hedging programme,” explains Bourlard. “Price-it enables us also to challenge prices given by our counterparties, with the same pricing accuracy as major investment banks. Pricing Partners solution is part of our tools and should bring value in our general setup, specifically in terms of improved risk management of our interest rates derivatives books.”

AXA Hedging Services, which was established in 2006, supports the insurance companies of the AXA Group in their product launch initiatives in variable annuity business outside of the US market. The firm is focused on two primary areas: supporting product design and pricing analysis, and hedging services.

Bourlard indicates that Price-it was selected after a full evaluation of third party service providers because it was the most suited solution to go with the pricing and sensibilities controls on the firm’s derivatives portfolio.

Earlier this month, Pricing Partners launched a new source code solution and development platform for Price-it. The vendor hopes to gain market share by providing more bang for a firm’s buck, with the provision of access to the solution’s analytics and pricing models source code.

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