Israel Chemicals Limited (ICL), fertilizer and specialty chemical company, has chosen SuperDerivatives (SD), the derivatives benchmark and the multi-asset front office and revaluation provider, to enable its corporate treasury team to manage the exposures of its derivatives business.
ICL, already a user of SDs FX system for several years, will upgrade its package to include SDs corporate, commodities, energy and interest rates solutions, including a multi-asset portfolio management system, to enable accurate, independent pricing, risk and position management, revaluation and compliance across all their cash and derivatives.
Utilising SDs multi- and cross-asset capabilities, ICL will be able to obtain risk reports and analysis across all these asset classes.
ICLs corporate treasury team required a powerful solution to manage the risk of its diverse derivatives portfolio, and chose SD for its independent pricing for advanced options and mark-to-market end-of-day revaluation. In addition, SDs multi-asset tools will enable the company to manage derivatives workflow through the entire lifecycle of the deals, while the reports generator supports regulatory requirements.
SD is the markets benchmark system for derivatives. It is used by many of the corporations, as well most of the banks in the world that trade derivatives and numerous hedge funds, brokers, auditors and central banks. The unique service provides wide, multi-asset coverage, enhancing the productivity of the organisations entire derivatives business and inspiring user confidence by generating transparency.
SDs wide coverage spans all derivatives, from vanillas to the most advanced structures, across the full spectrum of underlying assets. Supported by a proven pricing model, SD enables the highest levels of transparency, and provides a rich set of reports for the corporate sector, ensuring ICL complies with required accounting, auditing and regulatory requirements. In particular, SD generates a hedging efficiency report that will assist the organisation to focus its derivatives activity on hedging rather than speculating.
As a global fertilizers and speciality chemical company, we need a comprehensive view of the factors that affect our capacity to do business across the world, says Michael Hazan, treasurer, ICL. With SD we are able to view, analyse and manage the risk across our diverse derivatives portfolio, including FX, interest rates and commodities in all our branches and subsidiaries. We now have a truly complete solution for maximising the business opportunities of our corporate treasury department.
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