|Pricing Partners Speeds up the Computation of the Livret A in its Inflation Derivatives Module - May 2011|
Pricing Partners, the world leader in OTC derivatives pricing analytics, mathematical models and independent valuations, announced today that it has improved the computation speed of the Livret A in the inflation module of its derivatives pricing analytics and has extended the number of possibilities to compute the French inflation index.
Following a review of the Livret A computation, Pricing Partners has upgraded the computation method to support the old non conventional formula based on the average of the inflation rate and the average of the 3M Euribor. Pricing Partners has also included various caching data to speed up the computation of the Livret A rate when doing the maximum between the average of the Eonia, Euribor and inflation rate and the inflation rate plus 25 bps. This announcement comes at the right time as the Livret A rate is expected to increase to 2.5% as early as August 1st 2011 due to increased inflation pressures.
Eric Benhamou, CEO of Pricing Partners comments: “With the growing concern on inflation and the probable increase of the French inflation rate Livret A, our end-users are increasingly demanding on the speed and quality of our inflation derivatives analytics. With this new upgrade, we are providing our clients with accurate and fast analytics to be able to deliver substantial added value when pricing inflation products.”
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 with full transparency.
Pricing Partners delivers:
Pricing Partners offers cover commodity, credit, equity, fixed income, fx, funds, inflation, interest rates, life insurance and hybrids OTC products. They are widely adopted by investment banks, asset management firms, hedge funds, corporations, pension funds, fund administrators and audit firms.
Pricing Partners holds offices in Paris, London, Singapore and Hong Kong. Its solutions have been ranked number 1 in Pricing and Analytics by Structured Products Magazine in 2010.
Direct: +33 1 70 60 72 46
Fax: +33 1 70 60 72 31