VANCOUVER, British Columbia, March 9, 2011 /PRNewswire/ -- FINCAD, the industry standard for financial analytics and Provident Risk Management, announced today the second installment in a series of educational webcasts targeted at community banks. The webinar focuses on how to increase competitiveness by better managing the bank's interest rate risk.
In this complimentary webcast, "Hedging Commercial Loans with Interest Rate Swaps", Martin McConnell, Managing Partner with Provident, reviews the key benefits of how a back-to-back swap structure can reduce rate risk and accelerate income through increased loan production. Also included is how, Fair Value Insight, a joint offering by FINCAD and ICAP, can be used to conduct the swap valuations, credit exposure calculations and credit value adjustments.
"The hedging strategies and best practices presented in this webcast are aimed at helping community banks overcome many of the fears that surround their use of derivatives. With the right tools and information, even small banks can implement a highly successful program," states Martin McConnell.
"These webcasts have been designed to provide community banks with a better understanding of how they can use derivatives to manage their portfolios better by hedging more effectively," said Bob Park, President & CEO , FINCAD." We're very pleased to be working with Provident Risk Management on this series – in this challenging environment all banks are looking to get an understanding of the different risk s they face and how they can be reduced."
For more information on the webcast, visit www.fincad.com/provident
Provident Risk Management provides a turnkey interest rate hedging solution to banks. Provident's team of consultants have worked with banks and corporate end users since the 1980s and bring a wealth of knowledge of the interest rate and commodity swap markets. Provident's interest rate hedging solutions address hedge accounting, ISDA documentation, credit risk, structuring and independent pricing and valuation.
Founded in 1990, FINCAD provides software and services supporting the valuation and risk management of cross-asset class derivatives and fixed income securities to banks, corporate treasuries, asset management firms, auditors, and governments. FINCAD is the industry standard for financial analytics used by more than 4,000 organizations in over 80 countries. FINCAD provides sales and client services from Dublin, Ireland and Vancouver, Canada.