SunGard upgrades Monis Convertibles with new credit hedging tools

SunGard Trading and Risk Systems, an operating unit of SunGard, has added a credit hedging module to version 5.0 of Monis' Convertibles XL 5.0, the latest version of its spreadsheet-based pricing, analysis and hedging software for convertible bonds and other equity-linked securities.

The credit hedging module includes two new credit default swaps pricing models as an extension to Convertibles XL, a spreadsheet-based trading and portfolio management system for convertible bonds. SunGard said the credit hedging module will help users accurately hedge their positions by providing consistent valuation and risk analysis of credit default swaps and equity-linked securities.

The module provides price comparisons between different credit markets, enabling users to calculate an implied bond spread from a market credit default swap premium, and a fair market premium from a bond spread. The module additionally handles cross-currency credit default swaps contracts, and can value convertibles with a credit default swap premium as a source of credit risk data in place of bond spreads.

Emanuel Mond, president of the Monis operating unit of SunGard Trading and Risk Systems, said the new module will help convertible arbitrage fund managers trade credit risk and arbitrage between different markets by aiding them to accurately price and hedge credit instruments.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Chartis RiskTech100® 2024

The latest iteration of the Chartis RiskTech100®, a comprehensive independent study of the world’s major players in risk and compliance technology, is acknowledged as the go-to for clear, accurate analysis of the risk technology marketplace. With its…

T+1: complacency before the storm?

This paper, created by WatersTechnology in association with Gresham Technologies, outlines what the move to T+1 (next-day settlement) of broker/dealer-executed trades in the US and Canadian markets means for buy-side and sell-side firms

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here