Various Greek financial institutions including leading banks such as Eurobank EFG and Marfin Popular Bank are deploying SuperDerivatives’ interest rates derivatives and structured products platform, SD-IR.
SD-IR provides real-time market prices, risk management and analytics for all interest rate derivatives, inflation derivatives and structured products in 40 global currencies. The online 24-hour system delivers real-time accurate market prices for a broad range of interest rate derivatives. A full database of market rates is included, supported by analysis and charting tools.
“We needed a real-time interest rates derivatives platform that would consistently provide true market prices for even the most complex structures with sophisticated risk management functionality and accurate derivatives data. SuperDerivatives proved to be the best match for Eurobank,” says Yannis Seimenis, head of Treasury Corporate Sales, Eurobank EFG.
The adoption of SD-IR in Greece follows a similar pattern across European derivatives markets and stems from a growing importance of interest rates derivatives for both investors and hedging professionals.
The recent Greek pension fund crisis, which further emphasized the importance of timely and accurate measurement and analysis of interest rate risk, accelerated local SuperDerivatives’ expansion. Additionally, SuperDerivatives enables the proactive ongoing management of mortgage financing risks required by the world leading Greek shipping industry.
“We are very pleased that many leading Greek banks are quickly adopting the SuperDerivatives real-time pricing and analytics platform SD-IR, joining banks and buy side institutions from Europe and all over the world. Both global and regional banks are using SuperDerivatives interest rates derivatives platform to help their customers leverage investment opportunities, manage risk and hedge exposure. With SD-IR, they can price all the structures very accurately, sometimes even more accurately than experienced traders in large investment houses,” says RobertEmerson, product manager, Interest Rates, SuperDerivatives.