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GENERALI FINANCES Becomes New Pricing Partners Client - Nov 2006


Pricing Partners Derivatives-Pricing-Analytics-Independent-Valuation    Pricing Partners generiali-finances

GENERALI FINANCES Becomes New Pricing Partners Client

Pricing Partners announced that Generali Finances has chosen Price-it® to value its fixed income and credit derivatives portfolios. Generali Finances, a major reference in asset management, will use this solution to challenge valuations given by counterparties. Generali Finances is interested in developing its expertise to use more derivatives in its asset management strategies. Pricing Partners' solution clearly matches these needs.



Its software, developed by former trading floor professionals, gives precise, reliable and independent valuation. Generali Finances expects a fast and important return on investment. By implementing this solution, Generali Finances will improve the selection and management of its investment products. "We chose Pricing Partners to value our positions on exotic derivatives. We were looking for a solution that could challenge prices given by our counterparties, with the same pricing accuracy as major investment banks. Besides, we wanted a generic pricing solution with large asset coverage. After benchmarking established pricing libraries, we found that Price-it® was the best cross asset generic solution, built by experienced professionals of the trading floor. We are expecting significant returns from using the Pricing Partners solution, in terms of improved risk management of our exotic derivatives books, better quality communication with regulatory authorities and lowered transaction costs." Philippe Setbon, investment manager of Generali Finances explains.


Eric Benhamou, CEO of Pricing Partners, who worked previously at Goldman Sachs, comments "We are very proud to start a long term relationship with a world class asset manager such as Generali Finances, which is known for its great professionalism. Generali Finances adds a key reference to our client portfolio and positions Pricing Partners as a leading provider of financial derivatives pricing solutions. We anticipate that the usage of more complex derivatives by asset managers will grow and that building up a robust pricing platform will be a determining factor in developing their activity. With its plug and play components, its simplicity and its precision, Price-it® completely matches the needs of asset managers and should fulfill their requirements. It enables them to challenge counterparties' valuation, build a real pricing expertise and better control risks. Price-it® concentrates years of experience in pricing derivatives and brings to asset managers a powerful tool with the most recent valuation methods."




About Pricing Partners

Founded by professionals of the trading floor industry, Pricing Partners provides software solutions and consulting services for derivatives independent valuation. Pricing Partners proposes Price-it®, an independent analytic library solution to price complex financial products on different markets (IR, Equity, Credit, Inflation, Hybrids, Commodities and FX). 

The Pricing Partners solution enables users to comply with accounting standards evolution as well as regulation evolutions in a capital market industry related to independent valuation issues of OTC products. Price-it® principally targets asset-managers, financial departments of large banks, dealing rooms and audit firms. The company is based in Paris.