Mumbai, December 8 , 2005 - Beans & Intellect has developed Cogent-TradeEngine which is a comprehensive derivative pricing tool. It includes instruments such as Interest Rate Derivative, FX Derivatives, FX Exotics etc
Among the other exotics included is Range Accural Notes. It includes
• CMS Range Accruals and Spread Range Accrual
• Digital Libor Range Accruals and Spread Range Accruals
• Trigger Range Accrual Note
• Barrier Range Accrual Note
Currently this instrument is being customized for a leading bank.
The other products developed by the company include Portfolio Credit Risk Management system which is based on the creditmetrics model. Currently the instrument is configured for listed companies and attempts are being to develop an instrument for non listed companies too.