SuperDerivatives®, the benchmark for derivatives pricing and the leading provider of multi-asset front-office systems, risk management, revaluation and online options trading solutions, today announced that Centurion Bank of Punjab is deploying its SD-Banks multi-asset derivatives platform, together with its SD-IR interest rates module.
A new generation private sector bank, Centurion Bank of Punjab offers a wide spectrum of retail, SME and corporate banking products and services, delivered through a nation-wide network of 393 branches across India.
"The SuperDerivatives platforms will be used to strengthen our risk and portfolio management capabilities while expanding fee-based services involving interest rates derivatives. SuperDerivatives SD-Banks will enable us to manage multi-asset portfolios of exotic options and structured products and calculate exposure in real time," said Hemant Pardikar, head of risk, Centurion Bank of Punjab. "SD-IR, the interest rates derivatives module provides us with true market prices for even the most complex structures, giving us excellent coverage and currency support."
Designed to boost front and middle office productivity, SD-Banks provides full pricing and risk control, strategy building, sophisticated sales tools, and online execution. It allows fully automated portfolio management for exotic option portfolios, and easy tracking of banks’ clients trades, executed with the bank. All asset classes are supported from credit, interest rates and foreign currency to equity, commodities and energy.
"We welcome Centurion Bank of Punjab to the growing number of Indian banks, investment houses and corporations who are expanding their use of SuperDerivatives’ applications, in both breadth and depth. SuperDerivatives is proud to be a key provider of effective risk management solutions in India, providing essential technology and services since the very first Indian option trade in 2003," said Omer Hevlin, sales director, SuperDerivatives. "The reason our platforms are being adopted so fast in India and across the entire Asia Pacific region is that they provide the most powerful tools to all option users in a very user-friendly way. In India, as in other markets, we include all local trading conventions, acquiring and providing all required market-specific real-time market data. Additionally our web-based applications are served from local dedicated data centers in Mumbai ensuring ultimate performance and reliability. "