Centurion Bank of Punjab is deploying its SuperDerivatives’ SD-Banks multi-asset derivatives platform, together with its SD-IR interest rates module.
A new generation private sector bank, Centurion Bank of Punjab offers a range of retail, SME and corporate banking products and services, delivered through a nation-wide network of 393 branches across India.
“The SuperDerivatives platforms will be used to strengthen our risk and portfolio management capabilities while expanding fee-based services involving interest rates derivatives. SuperDerivatives SD-Banks will enable us to manage multi-asset portfolios of exotic options and structured products and calculate exposure in real time. SD-IR, the interest rates derivatives module provides us with true market prices for even the most complex structures, giving us excellent coverage and currency support,” says Hemant Pardikar, head of risk, Centurion Bank of Punjab.
Designed to boost front and middle office productivity, SD-Banks provides full pricing and risk control, strategy building, sophisticated sales tools, and online execution. It allows fully automated portfolio management for exotic option portfolios, and easy tracking of banks clients trades, executed with the bank. All asset classes are supported from credit, interest rates and foreign currency to equity, commodities and energy.
“We welcome Centurion Bank of Punjab to the growing number of Indian banks, investment houses and corporations who are expanding their use of SuperDerivatives applications, in both breadth and depth. SuperDerivatives is proud to be a key provider of effective risk management solutions in India, providing essential technology and services since the very first Indian option trade in 2003,” adds Omer Hevlin, sales director, SuperDerivatives.