Oger Telecom, an emerging markets telecommunications operator, has selected SuperDerivatives (SD) to advise on its multi-asset derivatives exposure and to enable compliance with regulatory laws.
Oger Telecom, based in Dubai, required a service that would enable it to hedge the exposure of its loans to volatility of interest rates and fluctuations in the currency markets across the world. The company also needed to be able to measure and report the effectiveness of its hedging practices, as required by Turkish financial regulations.
The application provides wide, multi-asset coverage, enhancing the productivity of the organisations entire derivatives portfoilio which inspires user confidence by generating transparency.
The SD-IR and SD-FX pricing tools were chosen by Oger Telecom for their ability to provide real-time, independent pricing for the widest range of interest rates and FX derivatives, from vanilla to the most advanced structures.
This will help the company to pursue the right business opportunities and manage risk associated with its portfolio. In addition, Oger Telecom has deployed SDs hedging effectiveness reporting service.
SD will revalue the companys derivatives structures, giving the corporate treasury team access to mark-to-market values, in addition to assessing the effectiveness of the hedge using standard accounting tests.
Derivatives provide excellent tools for hedging, provided that we have the necessary armour to shield us from risk this comes in the form of accurate, independent pricing that gives us the fair market value of our portfolio. SD is in a league of its own when it comes to providing this, says Fatih Ozmen, finance manager, Oger Telecom.
“The ability to provide hedging effectiveness assessments has enabled SD to provide corporations with a one-stop-shop for pre-trade price discovery, accurate mark-to market and risk management of their portfolios, as well as compliance with various accounting regulations,” says Eyal Dalit, regional sales manager, SD.
L.D.