In the financial industry world, the valuation of derivative products is getting more and more complex and has to meet new needs in terms of innovation and structure. Two ambitious companies took the plunge: La Banque Postale Structured Asset Management, hedge fund company and subsidiary of La Banque Postale, and Pricing Partners, independent provider of valuation solutions for complex derivative products. After a comparative and detailed study of the best tools for derivative products pricing on the market, La Banque Postale Structured Asset Management has retained Pricing Partners innovative solution to complete its existing pricing tools.
Price-itÂ® Excel strong value-added in terms of complex derivatives valuation and risk management convinced La Banque Postale Structured Asset Management to purchase several licenses to support the development of its activity specialized in structured products. Indeed, Pricing Partners solution has in every way the same characteristics than the pricing tools developed internally by the big market banks to the level of its generic approach allowing to describe to infinity any new structure as much as the sufficiency of the models existing in the library.
The Price-itÂ® Excel solution properly meets La Banque Postale Structured Asset Managementâs needs in terms of innovative financial products. The risk management capacity and the integration of new products offered by the big banks perfectly suit the users of this financial library in the Fund Managers side as well as in the risk management side. âWe found out in Price-itÂ® Excel a reliable and independent solution to complete our existing tools in terms of complex derivative products valuation and risk management attached to such products. Pricing Partners is an innovative company, which follows the same perspective for the development of its activities than ours. We are glad to lead this project togetherâ, says Mr Dang Co-Minh, La Banque Postale Structured Asset Management CEO.