Deutsche Schiffsbank, which specialises in long-term ship mortgages, is deploying SuperDerivatives’ interest rate and foreign currency derivatives to help shipping customers manage risk an
Deutsche Schiffsbank, which specialises in long-term ship mortgages, is deploying SuperDerivatives’ interest rate and foreign currency derivatives to help shipping customers manage risk and hedge exposure.
Market price risks for ship mortgage banks are principally currency and interest rate risks. Over the past two years Deutsche Schiffsbank, which has headquarters in Bremen and Hamburg and offices in London, Athens and Hong Kong, has been taking advantage of changes introduced in Germany’s Pfandbriefe Act that enable specialist ship mortgage banks to offer customers risk management.
‘After evaluating a number of pricing and analytic tools on the market, we chose SuperDerivatives’ web-based SD-IR for interest rate derivatives and SD-FX for foreign currency derivatives,’ says Jeremy Scott, head of treasury at Deutsche Schiffsbank.
‘They were the easiest to use and the most efficient solutions we could find. SuperDerivatives not only came with all needed market data built in, but also did not require any IT support or upfront investment.
‘SuperDerivatives produces real, accurate prices faster than we thought possible, which has helped us increase our productivity. Also, the embedded structuring and marketing tools help us to improve customer service while winning new business by providing more cost-effective hedging strategies, especially for the more sophisticated structures.’
Robert Emerson, product manager for interest rate derivatives at SuperDerivatives, says: ‘We are pleased that Deutsche Schiffsbank has recognised our value in providing real-time, turnkey market accurate pricing of exotic as well as vanilla derivatives. Our combination of market data, analytics, and real-time calibration provides customers with price and negotiation power in executing their derivatives strategies.’
SD-IR provides real-time market prices, risk management and analytics for interest rate derivatives in all currencies. The online 24-hour system delivers market prices for a wide range of interest rate derivatives, from vanilla swaps, swaptions and caps/floors to exotic instruments such as digitals/barriers, CMS-based products, and a suite of callable structured investments. A full database of market rates, volatilities and Greeks are supported by analysis and charting tools.
SuperDerivatives’ products and services are used by companies from both the buy- and sell-side. Its real-time pricing platforms are used by almost all banks around the world, as well as corporations, asset managers, hedge funds, auditors and central banks. SuperDerivatives’ revaluation service is used by banks, hedge funds, asset managers, fund administrators and auditors.
The company also provides risk management systems, an online trading platform, derivatives data and portfolio revaluation services that use its benchmark pricing model and independent global market data network. SuperDerivatives has clients in more than 60 countries and other offices in London, New York, Tokyo, Singapore, Buenos Aires, Hong Kong, Sydney and Paris.