Pricing Partners, a leader in independent valuation, has developed software and solution to offer its clients valuation tools as accurate as the ones of trading rooms. This gives them the ability to play on an equal ground with traders of major banks and obtain valuable information about the true value of their large portfolios of structured product. And recently the company has seen the emergence of new actors such as public authorities wishing to analyse and get independent valuation on their derivatives portfolio. Pricing Partners has confirmed that the Belgium Debt Agency has purchased its software in order to strengthen its capacity for independent valuation and audit in its Treasury and risks control departments. The assets coverage concerns interest rates, bonds, and inflation linked products. The tool is used to independently price, monitor and validate counterparties prices in pre-trade and post-trade operations and collateral calculation. The software developed by former professionals of the capital markets provides for the first time a truly independent valuation tools for derivatives.
"We chose Pricing Partners to value our derivative positions. We were looking for a solution that would allow us to monitor and check prices given by our counterparties. Besides, we wanted a generic pricing tool including a large set of implemented valuation models which are state of the art yet easy to implement. After benchmarking established pricing libraries, we found that Price-it® conciliated ease of use and pricing sophistication." said Gaëtan Wauthier, Expert risk.
Eric Benhamou, ceo of Pricing Partners, who worked previously at Goldman Sachs, comments “We are very proud to start a long term relationship with a leading European Institution like the Belgium Debt Agency, which is known for its great professionalism. The Belgian Debt Agency adds a key reference to our client portfolio and positions Pricing Partners as a leading provider of financial derivatives pricing solutions. And we anticipate that the usage of derivatives, for example under the framework of the EMTN program, will require more independent valuation for more transparency as well as better risk management. With its plug and play components, its simplicity and its precision, Price-it® matches completely the needs of Debt Treasury Desk and should fulfill their requirements. It enables them to check counterparties’ valuation, build a real pricing expertise and control risks better. Price-it® concentrates years of experience in pricing derivatives and brings to the Belgium Debt Agency a powerful tool with the most recent valuation methods.”
