CMA, the leading provider of intraday CDS data and OTC market solutions, today announced a new release of CMA NAVigate™, its web-based workflow solution which brings transparency and independence to the valuation of OTC positions.
CMA NAVigate™ 1.6 introduces an intuitive user interface that provides the tools, pricing transparency and real-time support that clients require to manage their pricing process. It provides full transparency for all valuations across multiple asset classes, making reconciliation and price challenge resolution straightforward. Specifically, clients have access to:
■ all underlying curves
■ component cash flows and discount factors
■ audit trail of valuation results and challenges
■ real-time support via IM, phone and email.
Clients can now schedule valuation times, run ad-hoc valuations and manage the distribution of reports. Incorporating CMA’s proprietary credit data combined with consensus data from the interdealer broker market, CMA NAVigate™ 1.6 is a comprehensive workflow solution that allows clients to satisfy their daily and monthly requirements for the valuation of OTC derivatives.
Gareth Moody, CMA NAVigate™’s product owner said: “CMA NAVigate™ 1.6 was designed with the forthcoming regulatory initiatives in mind. It addresses the growing requirement from regulators, investors and auditors for funds to demonstrate that their process for valuing OTC portfolios is truly independent. Access to all the valuation inputs gives clients the clearest possible view of how the values were obtained. In addition, it makes it easy for our customers to control the entire process, allowing them to generate valuations and reports on-demand. CMA NAVigate™ is strongly positioned in the market given CMA’s independence and our unparalleled access to excellent credit market data.”
