Press Release
Provident Risk Management and FINCAD Partner to Provide Independent Valuations
Maximum potential credit exposure calculations with 95% confidence level
Vancouver, BC – July 22, 2009 – FINCAD®, a leading global provider of financial analytics
and Provident Risk Management, announced today that Provident is using Fair Value Insight as
the foundation for its clients’ credit risk management and market valuations for interest rate
derivatives and maximum potential credit exposure.
Fair Value Insight is a secure web-based independent valuation solution built upon FINCAD’s
industry standard analytics and ICAP’s unrivaled market data. The solution enables corporate
treasuries, banks, asset management and other financial and non-financial institutions to meet
their risk management, independent valuation and regulatory compliance needs. It provides
valuations for interest rate, foreign exchange and commodity derivatives, and debt securities.
“In a market where risk measurement is a necessary part of day to day business, we are
pleased to work with Provident to equip clients with the capability to deliver on-demand
derivatives valuations right to their inbox for greater transparency and improved liquidity risk
management,” said Bob Park, president and CEO, FINCAD.
“Fair Value Insight enables us to calculate maximum potential credit exposure at a 95%
confidence level, allowing us to provide banks and corporations with an objective review of
potential credit risk,” said Mart McConnell, Managing Partner, Provident Risk Management.
“Clients can tailor reports to monitor individual trade portfolios and define parameters to
generate automatic periodic reports.”
To learn about how to overcome challenges in managing ISDA documentation and
counterparty credit risk, register for our webinar.
About FINCAD
Founded in 1990, FINCAD provides software and services supporting the valuation and risk
management of cross-asset class derivatives and fixed income securities to banks, corporate
treasuries, asset management firms, auditors, and governments. FINCAD is the industry
standard for financial analytics used by more than 35,000 financial professionals in over 80
countries. Over 70 FINCAD Alliance Partners embed FINCAD analytics within their solutions.
FINCAD provides sales and client services from Dublin, Ireland and Vancouver, Canada.
www.fincad.com.
About Provident Risk Management
Provident Risk Management provides risk management strategies for users of interest rate
swaps and other derivatives. They offer analysis of existing derivatives documentation,
transaction valuation services, risk management training, operations support services,
derivatives documentation origination and negotiation. Provident provides corporate
treasuries, banks, and other financial institutions with an outsourced risk management,
documentation and reporting support model that is priced on a per transaction basis.
www.providentrisk.com.
For more information, contact:
Armita Seyedalikhani
FINCAD
604-957-1222
a.seyedalikhani@fincad.com