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The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

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

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.”

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