Pricing Partners, the world leader in OTC derivatives pricing analytics, mathematical models and independent valuations, announced today to join the APVIF (Association professionnelle des valorisateurs d'instruments financiers), French financial instruments valuation providers Association, as a founding member.
Due to the impact of financial crisis on derivatives and the lack of transparency of the financial instruments, the French financial instruments valuation providers joined together and formed the association. They aim to restore financial market confidence through a better understanding on the derivatives, the importance of independent valuation and the regulatory bodies.
Eric Benhamou, CEO at Pricing Partners states "We feel very happy and honored to join the APVIF. The independent valuation for structured products plays a vital role in the derivatives market. Pricing Partners will work closely with other founding members to provide best-practice valuation methods and ultimate transparency to the financial industry."
Francis Cornut, CEO at DeriveXperts, President of the APVIF commented "I have known Pricing Partners' CEO for years. I am very pleased to see Pricing Partners joining the APVIF. Pricing Partners' participation to the APVIF will bring dynamism, energy and ideas to the association and help us promote independent valuation to higher standards. I welcome warmly Pricing Partners."