Marking a major breakthrough in the development of StatProâs CAP asset pricing service, the enhanced version draws on StatProâs independent valuation data, which gives StatPro customers a transparent view of the numbers behind the models they build to create complex securities.
âThe new compliance culture in asset management demands sophisticated but easy-to-use tools that support transparency and accuracy in pricing and risk data,â said StatPro, Inc. CEO Andrew Peddar. âLaunching the improved CAP service provides our back office clients with the tools and information that they need when valuing such complex assets. Our goal is to enable our clients, regardless of their investment strategy, to pursue diversification while remaining transparent and complying with evolving regulatory guidelines.â
Defining risk exposure in a given day has historically been managed by sophisticated systems that require installation, maintenance and on-site expertise. The CAP service eliminates the need for costly, involved software implementation by integrating single asset level risk figures delivered through a web based tool â requiring very little installation time and maintenance.
The inclusion of both clean and dirty prices provides asset managers the ability to distinguish between capital earnings (coming from the clean price of a bond) and the interest earnings (coming from the coupon accruals) both for bonds and derivative instruments, providing a more holistic approach to valuation. Finally, by providing a full range of Greek information around a security helps StatPro clients to determine the sensitivity to market conditions, critical information for risk departments.