Pricing Partners, the world leader in OTC derivatives pricing analytics, mathematical models and independent valuations, announced today that CITIC Bank International, a Hong Kong based full-service commercial bank, has chosen Price-it Excel, the advanced derivatives pricing excel solution for its risk management team.
The agreement was signed through its regional partner Belatos.
CITIC Bank International will use Pricing Partners' advanced derivatives pricing library, Price-it Excel to evaluate a wide range of FX structured products. After a thorough test on the solution and the services, CITIC Bank International was convinced by the Price-it Excel solution for its accurate valuation, ease-of- use and flexible software design, along with the high level of support services from Pricing Partners.
Dominic Tsui, Head of Market Risk at CITIC Bank International comments "We have chosen Price-it Excel to supplement and enhance the support for our derivative business because of its strong capability for the modeling and pricing of FX structured products with ease and flexibility both on individual transactions and portfolio basis."
Eric Benhamou, CEO at Pricing Partners states "We are pleased to welcome CITIC Bank International aboard, as a new important client of Pricing Partners in Asia. With our plug and play components for derivatives valuation, its simplicity and its accuracy, our client should be able to double-check their products' prices and better monitor and control risks. We trust that Price-it Excel should match our client's needs and fulfill their expectation."