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Dr Mamdouh Barakat
[email protected]
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Credit Derivatives : MBRM Launch Major Upgrade

MB Risk Management (MBRM) are pleased to announce the launch of a major upgrade to their Universal Credit Derivatives Add-in.

Dr Barakat, Managing Director of MBRM, says "We aim to make our credit derivatives library as easy to use as our standard option models. This upgrade is the latest in a continuous stream of upgrades to our Universal Add-ins range. We aim to release 12 major enhancements per year - which is necessary to maintain and consolidate our market leadership in the analytical library / toolkit sector (which covers convertible, fixed income, commodities, energy, equities, foreign exchange and money markets)., which lists just SOME of our users around the World, is almost a Who's Who of market participants. Their feedback and suggestions is an essential component in our development process which enable us to maintain our software at the cutting edge of the diverse markets we are in".

The new version 8.3 of UNIVCDRV - Universal Credit Derivatives Add-in implements a new set of functions for more complex credit derivative analysis. These allow :

+ Credit Default Swap Fees to be paid in advance or in arrears.

+ Different credit spreads for the Fee Receiver (Insurer)
and the Fee Payer (Insured) to be specified.

+ Amortization Schedule to specify rollercoasters
(e.g. irregular amortizations & accretion).

+ Increased flexibility in the definition of fee payment dates and
payment cycles.

+ Additional accrued types to be specified.

+ Additional interest rate interpolation techniques for increased

The cost of the Universal Credit Derivatives Add-in / Universal Swap Add-in combined package is $3,998.

A free fully functional 30 day trial can be downloaded from MBRM's internet web site: