The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

CM-CIC Asset Management Selects Pricing Partners for OTC Derivatives Valuations

Subscribe to our newsletter

French asset management group CM-CIC Asset Management has selected Pricing Partners’ pricing tool for OTC derivative products, Price-it Excel. According to the vendor, the asset manager’s department of quantitative research will rely on the Price-it Excel library to manage complex optional structures related to the creation of structured funds and to analyse the integral risks associated with such products.

Pierre-Alain Patard, co-head of quantitative management at CM-CIC Asset Management, comments: “We were looking for a fast and reliable solution for assessing and measuring the risks of hard to value OTC products that we negotiate within the framework of our activity on structured funds. We found in Price-it a product that offers similar market models to those developed by our research teams and which, in addition, perfectly met our specific needs in terms of flexibility for setting up products and for the validation of our prices.”

Launched in 2006, the Price-it financial library covers products including interest rates, equity, credit, FX, commodities and hybrids. It uses an Excel interface to provide risk management services and validation of OTC products.

Patard says: “With the identical recovery capabilities to those of large investment banks and particularly due to the possibility of setting up the most complicated payoffs with a specific language, Price-it has proved to be the most suited solution to go with the pricing and sensibilities controls on our OTC products.”

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: FRTB: What still needs to be done before the global deadline of January 2023?

Date: 8 March 2022 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes While implementation of Fundamental Review of the Trading Book (FRTB) regulation has been delayed twice for reasons first of complexity and second of the coronavirus pandemic, the final deadline of January 1, 2023 is less than a year away....

BLOG

IHS Markit Releases Automated Onboarding Platform for Fund Managers and Administrators

IHS Markit has released Investor Onboarding, a fully hosted, digital onboarding platform enabling firms to automate, integrate and centralise onboarding and compliance obligations, while simplifying and accelerating the onboarding experience for investors. The platform allows users to input data once, creating a golden source that populates multiple forms, including subscription agreements and tax forms. Data...

EVENT

Data Management Summit USA Virtual (Redirected)

The highly successful Data Management Summit USA Virtual was held in September 2020 and explored how sell side and buy side financial institutions are navigating the global crisis and adapting their data strategies to manage in today’s new normal environment.

GUIDE

Practicalities of Working with the Global LEI

This special report accompanies a webinar we held on the popular topic of The Practicalities of Working with the Global LEI, discussing the current thinking around best practices for entity identification and data management. You can register here to get immediate access to the Special Report.