|A New Mandate for Pricing Partners with HSBC - Jun 10|
A New Mandate for Pricing Partners with HSBC
Pricing Partners (www.pricingpartners.com), the independent valuation expert and a world leader in mathematical models for valuations of derivatives and structured products, announced today that HSBC chose Pricing Partners’ independent valuation platform Price-it Online, to provide independent revaluation for structured products.
Eric Benhamou, CEO of Pricing Partners comments: “HSBC is one of our leading references and a strong sign of the credibility of our derivatives valuation system. With this reference, we are taking an important step towards the global recognition for our models, tools and independent valuation platform. ”
About Pricing Partners
Set up by former professionals of the trading industry, Pricing Partners offers accurate solutions for derivatives products valuation, pricing tools and risk analytics. Pricing Partners delivers its solutions in two different means. Through Price-it® Online, a SaaS platform, Pricing Partners provides independent valuation from the vanilla to the most exotic financial products on most assets (Interest Rates, Fixed Income, Equity, Inflation, Credit, Foreign Exchange, Commodities, Life Insurance and Hybrid products). On the other hand, Pricing Partners develops and commercializes Price-it® Excel, an analytic and independent pricing library using a generic payoff language description which allows the pricing of virtually any financial derivatives. Price-it® also supports VaR, CVaR and the most common risk management tools. Pricing Partners masters the chain of valuation and develops its own pricing library and valuation platform. Its intrinsic knowledge and understanding of the pricing methodologies/models enable its clients to achieve highly accurate and reliable valuation on their derivatives books. Pricing Partners solutions can be used by investment banks, asset management firms, hedge funds, corporations, pension funds, fund administrators and audit firms.
Pricing Partners has also signed numerous partnerships to deliver its technology through local distributor like Belatos in Hong Kong, as well as with leading institutions like Thomson Reuters (for its pricing library integrated into Kondor+ Structured Products), Misys (for its pricing library integrated into Summit), CMA, Fitch Solutions or Lexifi. It is a Microsoft IDEES partner, an IBM, Sun, Datasynapse and ActiveEon partner. Furthermore, it is a member of the grid research consortium GCPMF uniting BNP Paribas, Calyon, Ecole Centrale, EDF, ENPC, INRIA, Natixis, Misys, Paris VI University and Supelec and a global coordinator of the Credinext consortium, in collaboration with Thomson Reuters, Lunalogic, Ecole Polytechnique, ENPC, University of Marne La Vallée and INRIA.
Pricing Partners holds offices in Paris, London, Singapore and Hong Kong.
Pricing Partners is the award winner of Structured Products Technology Rankings 2010, Number One in Pricing and Analytics Category.
Direct: +33 1 70 60 72 46
Fax: +33 1 70 60 72 31
This press release is issued on behalf of PRICING PARTNERS and solely PRICING PARTNERS’ responsibility.