SuperDerivatives reports Vestia deal

Leading Dutch housing association Vestia has appointed SDX from SuperDerivatives (SD), the derivatives benchmark and leading front office system, to boost risk management for its interest rate derivatives business.

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As a large end user of interest rate derivatives, Vestia needed a solution that would allow it to improve hedging capabilities for interest rate derivatives and to support the back office operations. In the Dutch social housing sector, long dated swaps (up to 50 years) are used to hedge interest rate risks matching the economic lifetime of the underlying housing portfolio.

After extensive research and testing, Vestia chose SDX for the accuracy of its independent pricing model, analytics, post-trade deal management tools, risk and performance reports.

Marcel Devries, Group Treasurer at Vestia explains: "We have experience with using a number of different derivatives systems, both third-party and in-house, but SD has shown the clear advantage of being able to deliver valuation precision in a very smart and user-friendly way."

Amitai Ratzon, Regional Sales Manager for Northern Europe at SD, comments: "SDX offers a level of accuracy which will allow Vestia to mitigate risk and smartly manage its entire interest rate derivatives operations. Being a significant end user of interest rate derivatives, Vestia needed a specialised system to look after its pre- and post-trade activities for simple and complex interest rate derivatives instruments".

"Our proven technology and unrivalled risk management tools empower companies to manage market risk and hedge exposures of large and complex portfolios. We are delighted to welcome Vestia to the list of SD users in the region."

 

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