Resolution Financial Software announced its partnership with Triple Point Technology today, the leading provider of multi-market commodity and enterprise risk management software. Triple Point has joined The Resolution Partner Program whereby Triple Point will utilize Resolutionâs derivative pricing library within its Commodity XL for Hedge Accountingâ¢ product. This enables Triple Point clients to have a single platform to ensure compliance with FAS 133 and IAS 39 requirements.
Resolution founder Dr. Greg Anderson says, âWe are excited to be working with a company such as Triple Point and we are pleased to see our pricing models used by a wider audience.â Resolution has been working with a number of partners that provide everything from corporate treasury solutions to asset management tools. This is Resolutionâs first partner that concentrates on commodity and risk management technology.
Michel Zadoroznyj, Vice-President, Product Center, Treasury & Regulatory Compliance Division of Triple Point Technology says, âResolution made that decision very easy for us. The Resolution Partner Program mirrors how we license our products to the end-users. By using a derivative pricing specialist we are able to focus on the core development of our hedge accounting solutions.â Resolution is providing Triple Point with its complete derivative pricing library including pricing models for interest rate swaps and swaptions.
The Resolution Partner Program includes the Resolution Developer product. The program allows developers the right to embed the analytics within their own solution, be it a shrink wrapped software product or a software-as-a-service solution. The analytics include tools for the valuation and risk management of interest rate swaps, currency options, fixed income, commodity and equity derivatives. The benefits of Resolution Partner Program are two-fold. It allows software developers to lower their development costs and get their products to market faster.