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Savvysoft Office Head Office

17 State St.
New York
NY

Telephone

212 742-8677

Contact

Rich Tanenbaum
[email protected]

Mission Statement

Savvysoft makes the market's fastest, most precise and flexible suite of derivatives modeling software, hedge accounting systems, and risk management systems. Savvysoft has won more awards than any other derivatives analytics software provider in the market. Through Savvysoft's website www.CorporateDefaults.com, Savvysoft also provides the market's latest assessments of corporate default risk updated daily at the market's closed.

Founded by the former head of Bankers Trust Derivatives Research (now Deutsche Bank), Savvysoft is consistently ranked #1 in Derivatives Analytics (2004-20012). In surveys by Risk Magazine and Euromoney, Savvysoft has been awarded a total of 26 #1 Rankings. Savvysoft is ranked #1 in the all-important categories of Return On Investment and Customer Support.

Since 1990, we have been committed to providing high-caliber derivatives software and solutions. With thousands of installations in dozens of countries, our flagship product TOPS is the standard by which all other derivatives software is measured. Four of the "Big Four" accounting firms rely on TOPS for their derivatives valuations.

Profile

Savvysoft makes the market's fastest, most precise and flexible suite of derivatives modeling software, hedge accounting systems, and risk management systems. Founded by the former head of Bankers Trust Derivatives Research (now Deutsche Bank), Savvysoft is consistently ranked #1 in Derivatives Analytics (2004-2012).

Benefits

Savvysoft's products enable anyone involved in derivatives to easily and accurately value, hedge, risk manage and account for any type of derivative, no matter how simple or complex.

Savvysoft is known for high quality pricing models and systems, but also for the world class support we provide to all of our customers.

History

Savvysoft was founded in 1990 by Rich Tanenbaum, the former head of Derivatives Research at Bankers Trust (now Deutsche Bank). The list of structures handled has grown steadily over the years, and Savvysoft was the first in the market to offer user interface innovations such as Dialog Boxes for each model and a Template Builder in Excel. Savvysoft was also the first vendor to offer schedules and curves for amortization, step-up/step-down coupons, strikes, volatility surfaces and more, as well as offering choices for interpolation and extrapolation settings.

The innovation continues as Savvysoft is the first to offer a multi-factor recombining tree for pricing interest rate derivatives using the Libor Market Model (also known as BGM). This is the only implementation which does not use Monte Carlo simulation, making Savvysoft's model much faster and more accurate than any other model on the market.

Savvysoft also offers OmniPricer, which allows anyone to create a derivatives model by simply specifying the payoff function in an Excel spreadsheet.

Savvysoft has expanded its derivatives product line with portfolio management systems, risk systems, hedge accounting systems, and asset/liabiluty management systems. Savvysoft also offers consulting services, turnkey valuation services, and implied default probability data.

Focus

Savvysoft focuses on derivatives. Within that, we offer software and systems for valuatons, risk management, hedge accounting, and asset/liability management. We also offer services for custom modeling, hedge effectiveness testing and reporting, and portfolio valuations.

Goals

To have extremely satisfied customers.