Rosneft, the leader of the Russian petroleum industry, has chosen SuperDerivatives (SD), the derivatives benchmark, to manage the exposures of its financial risks.
Rosneft is one of the largest companies in the world. It ranks first among global publicly traded petroleum companies by proved liquid hydrocarbon reserves and is primarily engaged in hydrocarbon exploration and production, production of petroleum products and petrochemicals, and marketing of these outputs.
Rosneft will use SD’s risk management, pricing and reporting capabilities to enable accurate, independent pricing for interest rate and currency derivatives,
Rosneft has customers across the globe making it sensitive to fluctuations in both currency and interest rates and Rosneft required a powerful solution to manage risk through effective hedging of currency and interest rates and selected SD as the market’s benchmark system for derivatives.
SD is used by many of the world’s largest corporations, as well most of the banks in the world that trade derivatives and numerous hedge funds, brokers, auditors and central banks.
Rosneft chose SD for its independent pricing for advanced options and mark to market end of day revaluation, together with its multi-asset tools to manage derivatives workflow through the entire lifecycle of the deals.
SD’s wide coverage spans all FX, interest rates, commodities, energy and credit derivatives, from vanillas to the most advanced structures, across the full spectrum of underlying assets. Supported by a proven pricing model, SD also enables the highest levels of transparency
SD experienced significant growth in Q4 of 2008 over the previous year, with 83% growth in new customers and renewals in December alone, as demand from institutions is driven by cost control and the need for pricing transparency and accurate risk management in derivatives.
David Shulman, regional Sales executive SD, comments: "Our rich combination of independent pricing, wide asset coverage, consistent methodology and unrivalled risk management tools empower companies such as Rosneft to manage market risk and hedge their exposures. The unique multi-asset capabilities mean that they can get a view of their entire portfolio at the click of a button.
“In addition, our unique, intelligent open architecture is web-based, allowing Rosneft to reduce the costs of its derivatives activity and increase the speed of implementation.”
