Reech REAL models are linked to Reech ADEP, a generic product description language. The combination of analytics with the flexibility of the ADEP language means that there is almost no limit to the variety of structures that can be priced, giving JerÃ³nimo Martins virtually unlimited product coverage across interest rate derivatives. Reech is available online within the risk management, pricing and valuation ASP (Application Service Provider) or in DLL and XLL formats.
Tiago Bento, risk manager at JerÃ³nimo Martins, said, "Reech REAL is widely recognised as one of the leaders in price benchmarking. We are particularly impressed with the knowledge from Reechâs local derivatives practitioners, who are very proactive in showing us how to maximise use of the ADEP language in order to best deploy the pricing models."
Jean-Philippe Maurrasse, head of sales EMEA, SunGardâs FRONT ARENA, commented, "REECH Real will help give JerÃ³nimo Martins a more accurate indication of price and help put the company in a stronger position during price negotiation with banks and other counterparties.â