 
Top-Tier Swiss Investment Bank goes live with CDO Software’s Management PlatformLondon, 21 October 2008CDO Software, the specialist synthetic CDO management firm, today announced that a top-tier Swiss Investment Bank has gone live with CDO Director™ and CDO Scheduler™. The leading global financial services company is recognised as being one of the top Synthetic CDO managers and is using CDO Director™ to manage its portfolio, replacing an internally developed solution. The Swiss bank now has tools to act quickly - using reliable market data a portfolio manager can substitute names into deals and identify the immediate impact on rating agency metrics. In current market conditions this helps them to take opportunities and act decisively so that tranches remain healthy. CDO Software has worked with a number of analytics partners and the leading Swiss bank will benefit from an integrated platform that provides risk and valuation analysis at a crucial time. Sunay Shah, CEO of CDO Software comments, “We are delighted to have such an established institution as our client which clearly demonstrates that our products have real value in this market. Our expertise in delivering products and consulting services to the Credit market continues to be recognised, having again been selected over other vendors and internal resources. We are the leading management platform for CSO’s because we understand the needs of market participants and provide core functionality in an easy to use way. CDO Software is committed to working closely with our clients to enhance our offering and we will continue to develop new products as markets evolve.” The need to maintain deals with healthy tranche subordination and agency metrics continues to be critical in this climate. Manual processes are eliminated and clients can now run models automatically, have ratings and pricing feeds run overnight or intraday which provides quicker access to information. Operational risks are mitigated and time is saved allowing firms to focus on what they are best at – portfolio management. CDO Director™ is a single controlled environment that includes a full audit trail, giving confidence to investors and senior management that the necessary controls are in place. Evaluation of new deals and effective restructuring of existing deals is now very easy with the benefit of viewing potential exposures by issuer and industry across deals. CDO Scheduler™ is a scheduling tool that automates the processing of market data feeds, rating agency models and analytics models with CDO Director™. The CDO Tools™ suite is designed for both managers and investors, as markets are moving investors can independently monitor their investments to see the real impact on their deals and not depend on monthly reports from Trustees. About CDO SoftwareCDO Software provides cutting-edge management tools for participants in the structured credit products and credit derivatives market. The CDO Tools™ suite of products enables investors and issuers to efficiently manage CDO products, including static and managed pools, CDO2 and single name credit default swaps. An invaluable tool, CDO Director™ covers the key stages of CDO management: data & trade capture, monitoring & analytics, integrated rating agency model runs and substitutions, and professional reporting. CDO Software delivers leading technology with open architecture that interfaces with live data sources and analytics software (third-party or in-house), whilst handling the capture, processing and reporting of tranche and underlying portfolio data. Changes to any portfolio are automatically logged and an audit trail is generated, helping to mitigate operational risks. This allows the use of consistent data firm-wide, vital for companies to mark-to-market their investments and help to achieve Basel II compliance. CDO Software’s management team has a wealth of experience in financial markets and specialises in credit derivatives, with a proven track record of delivering systems to major financial institutions. www.cdosoftware.com UK Office: US Office: |
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