Professors John Hull and Alan White, authors of Hull-White on Derivatives, arguably the leading text in its field, will be partnering with SunGard's Reech to develop a new suite of pricing models for advanced credit derivatives.

The solution will be based on the Hull & White CDO double-t copula pricing model, developed from their extensive research in this field. It will be integrated into SunGard's Reech REAL (Reech Analytics Library) and Reech FastVal, an ASP solution for independent derivative valuations. Complex analytics and valuations in structured credit derivatives come at a time when the credit market has become extremely active and when most market players in investment banks or hedge funds are placing increased focus on managing risk.

Alan White commented on the collaboration, "We are very pleased to be able to offer our expertise to support the development of SunGard's Reech credit derivatives solution. Reech has a very strong reputation in providing sophisticated technology for the valuation of complex structured products and this tool, addressing the demand for accurate pricing of CDOs, will complement their existing suite of solutions."

Christophe Reech, president of SunGard's Reech business unit, added, "We are very honoured to collaborate with John Hull and Alan White to support the development of our REAL advanced credit derivatives suite. We felt that this was a timely moment to enhance our range of products and to respond to the market's growing demand for an advanced credit derivatives tool. We look forward to a continuing collaboration with Professors Hull and White to support our customers' requirements in this complex area of analytics."