SuperDerivativesÒ, the benchmark for options and the leading multi-asset derivatives solution provider for real-time option pricing, independent revaluation, derivatives data, online trading and risk management systems, has announced that Deutsche Schiffsbank is deploying its interest rate and foreign currency derivatives platforms to help its shipping customers manage risk and hedge exposure.
Specializing in long-term mortgage loans, Deutsche Schiffsbank is one of the world’s leading shipping finance banks with joint headquarters in Bremen and Hamburg and representation in London, Athens and Hong Kong. Market price risks for ship mortgage banks are principally currency and interest rate risks. In the course of the past two years, Deutsche Schiffsbank has been taking advantage of changes in the legal environment following the introduction of the Pfandbriefe Act which now enable specialist ship mortgage banks to offer their customers risk management solutions and has selected SuperDerivatives to drive its sales and marketing efforts in this area.
“After evaluating a number of pricing and analytics tools on the market, we chose SuperDerivatives web-based SD-IR for interest rate derivatives and SD-FX for foreign currency derivatives. They were the easiest to use, the most intuitive and the most efficient solutions we could find. SuperDerivatives not only came with all needed market data built in, but also did not require any IT support or upfront investment,” said Jeremy Scott, Head of Treasury, Deutsche Schiffsbank. “SuperDerivatives produces real, accurate prices faster than we thought possible which has helped us increase our productivity. Also, the embedded structuring and marketing tools help us to improve customer service while winning new business by providing more cost effective hedging strategies, especially for the more sophisticated and effective structures.”
SD-IR provides real-time, accurate market prices, risk management and analytics for interest rate derivatives in all currencies where a derivatives marketplace exists. The online 24-hour system delivers market prices for an extremely wide range of interest rate derivatives, from vanilla swaps, swaptions and caps/floors to exotics such as digitals/barriers, CMS-based products, and a full suite of callable structured investments. A full database of market rates, volatilities and Greeks are included and supported by analysis and charting tools for maximum control and flexibility.
“We are pleased that Deutsche Schiffsbank has chosen SuperDerivatives and recognized our unique value in providing real-time, turnkey market accurate pricing of exotic as well as vanilla derivatives. SuperDerivatives’ combination of market data, powerful analytics, and real-time calibration provides our customers with unprecedented price discovery and negotiation power in executing their derivatives strategies,” said Robert Emerson, Product Manager for Interest Rate Derivatives, SuperDerivatives.
SuperDerivatives’ products and services are used by numerous companies from both the buy and sell side.
Its real-time pricing platforms are used by the majority of banks worldwide, as well as numerous corporations, asset managers, hedge funds, auditors and central banks. SuperDerivatives’ Revaluation service (SD-Revaluation) is used by numerous banks, hedge funds, asset managers, fund administrators and auditors and is considered by many as the most accurate service in the market.
The SuperDerivatives’ benchmark option pricing model is the only publicly available and market tested model whose accuracy in generating real market prices for all types of derivatives has been proven and validated continuously for several years.
SuperDerivatives was recently recognized as Best Provider of Derivatives Data 2007 by an Inside Market Data poll.
About SuperDerivatives
SuperDerivatives has revolutionized the world of options by introducing transparency to all traded derivative classes. Providing prices that consistently reflect the inter-dealer market has led the company’s web-based, market-calibrated platforms to be widely accepted as the benchmark for options pricing. SuperDerivatives’ award winning, real time pricing platforms are used by trading professionals on both the buy and sell side globally.
The company also provides fully fledged risk management systems, an on-line trading platform, award winning derivatives data, and portfolio revaluation services that utilize its benchmark pricing model and independent global market data network. Customers include numerous banks, hedge funds, asset managers, custodians and hedge funds administrators.
SuperDerivatives serves its clients diligently in over sixty countries in all continents and has offices in London, New York, Tokyo, Singapore, Buenos Aires, Hong Kong, Sydney and Paris.
Further information: http://www.superderivatives.com