360 degree view of the activities to manage the risk for derivatives products
GoldenSource has launched a new data solution called GoldenSource for Derivatives to help financial institutions value portfolios and manage risk for derivatives products.
The company said that GoldenSource for Derivatives allows for a 360 degree view of instrument, issuer and counterparty exposure, creating a local CDS warehouse capability.
The company claims that GoldenSource for Derivatives increases transparency and auditability for derivatives portfolios held by banks, brokers and asset managers by feeding trading and risk management systems with data. The solution is expected to be developed in response to client demand for instrument-level transparency and in anticipation of increased regulatory and repository requirements.
Mike Meriton, president and CEO of GoldenSource, said: With a 360 degree view of activity, a firm can increase its transparency not just at a simple counterparty level but at a total corporate hierarchy level. GoldenSource is unique in its ability to handle the diverse nature of derivatives data, since we can source, validate and distribute all terms and conditions data, client and counterparty details, as well as transaction related data throughout the life cycle of a derivatives contract.