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Saab adopts new derivatives platform

Saab is using the SuperDerivatives real-time derivatives pricing and risk management platforms, to implement the company’s hedging strategy and to optimise the returns of its treasury pension trust.

Saab is using the SuperDerivatives real-time derivatives pricing and risk management platforms, to implement the company’s hedging strategy and to optimise the returns of its treasury pension trust.

With annual revenue of $3bn (£1.57bn), Saab serves the global market of governments, authorities and corporations in three strategic business segments: defence and security, systems and products, and aeronautics.

Stefan Lind, assistant treasurer at Saab, said, “Our challenge was to manage the exposures of a global business with incoming and out going cash flows in numerous currencies and P&L reporting in the Swedish Krona.

“This required a powerful independent analytics and risk management platform that could provide us with live and accurate pricing for currency options,” said Lind.

The SuperDerivatives platform is now also being used for enhancing investment returns of the employee pension fund using interest-rates derivatives.

Related article: Derivatives firms urged to increase system automation

Comment on this article: computer.weekly@rbi.co.uk


 

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