TFG Systems extends Credit Offering
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9 October 2013
London, United Kingdom
- Improved Credit Index Options model to address unusual features of CDS market
TFG Systems extends Credit Offering- Improved Credit Index Options model to address unusual features of CDS marketLondon, United Kingdom – TFG Systems, a leading provider of real time risk and portfolio management software, today announced they have extended their award winning platform, TFG Complete, with improved modelling of Credit Index Options. Credit Index Options provide investors leveraged exposure to the credit index swap market as well as to the volatility of these credit indices.To provide accurate results that are consistent with other asset classes, TFG’s model correctly handles all of the unusual features of this growing market: investor compensation for defaults between the trade date and the expiry of the option, price-based options and indices, and the payment at option expiry to address the difference between the strike and the underlying swap coupon.Martin Toyer, CEO, said “The CDS market is complex, with specific nuances which need to be correctly modelled. TFG’s platform provides detailed, accurate and consistent risk measures for a vast array of asset classes; this consistency allows our clients to monitor risk measures for any subset of their portfolio irrespective of the asset classes which it contains. We are delighted to extend our Credit offering, a testament to TFG’s commitment to continually evolve our product to meet our clients’ needs.”About TFG SystemsTFG provides integrated risk and portfolio management software to Asset Managers. Its flagship product, TFG Complete, is a cross-asset front-to-back office system incorporating all stages of the investment cycle from trade capture through to market monitoring, portfolio valuation, monitoring of risk, processing and Fund Accounting.Contact:TFG SystemsGeorgia Brewster/ VanZyl Van HeerdenTelephone: +44 (0) 20 3370 email@example.com
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