VANCOUVER, British Columbia and DUBLIN, Sept. 25, 2012 /PRNewswire/ -- FINCAD, the leading provider for innovative OTC valuations, announced today that a Tier 2 European bank has expanded its use of FINCAD Analytics Suite for Excel. FINCAD Analytics Suite was selected because its comprehensive, cross-asset coverage allows the bank to easily price its entire portfolio, which includes interest rate and foreign exchange derivatives.

The bank's derivatives portfolio includes cap-floors, Bermudan and European swaptions, foreign exchange swaptions and knock-out options. It currently uses FINCAD Analytics Suite in its trading department to price these instruments, specifically using curve-bootstrapping. Looking to restructure its trading team, the bank decided to expand its use of FINCAD to take advantage of the comprehensive analytics library and efficiently price its derivatives portfolio.

"When I co-founded FINCAD more than 20 years ago, we wanted to build professional software that was not only easy to use, but also reliable, accurate and fast. Nowadays, although the market and our customers' needs have changed much since then, we are still very pleased to see our how our technology continues to meet all the derivatives valuation needs of an organization," says Bob Park, CEO and President, FINCAD. "And our comprehensive analytics library means that we can continue to meet our clients' needs as they change."

FINCAD Analytics Suite is a leading software solution that values and measures the risk of financial securities and derivatives. It provides finance professionals with the ability to easily verify and validate every aspect of a valuation across multiple asset classes.

About FINCAD
Founded in 1990, FINCAD provides advanced modeling solutions built on award-winning, patent pending technology. With more than 4,000 clients in over 80 countries around the world, FINCAD is the leading provider of financial risk analytics technology, enabling global market participants to make informed hedging and investment decisions. FINCAD provides software and services supporting the valuation, reporting and risk management of derivatives and fixed income portfolios to banks, corporate treasuries, hedge funds, asset management firms, audit firms, and governments. FINCAD Analytics can be accessed through Excel, MATLAB, as a Software-as-a-Service or embedded into an existing system through software development kits. Now, over 70 FINCAD Alliance Partners embed FINCAD Analytics within their solutions. FINCAD provides sales and client services from Dublin, Ireland, and Vancouver, Canada. www.fincad.com

Media Contact:

Sarah Quon
Direct: +1.604.831.9599
Email: pr@fincad.com

SOURCE FINCAD