OTP Bank, the commercial bank in Hungary, has selected SuperDerivatives (SD), the derivatives benchmark, to provide market-accurate revaluations for its varied derivatives portfolio.
We needed a reliable, independent view of the value of the broad range of vanilla and complex FX and interest rates derivatives on our books, in order to accurately hedge risk and maximise business activities across Central and Eastern Europe, says Krisztian Kovacs, head of middle office department at OTP Bank
OTP Bank chose SD-Reval, SDs comprehensive, independent and market-reflective revaluation solution for entire derivatives portfolios, which covers an extensive range of hard-to-price liquid and illiquid assets.
Supported by a proven pricing model, SD-Reval provides the highest levels of transparency and enables companies to comply with required accounting, auditing and regulatory requirements and standards such as FAS 133, FAS 157, IAS 39, IFRS, MiFID Best Execution and SAS 70.
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