Derivatives solutions provider SuperDerivatives has announced that Saab is using its multi-asset real-time derivatives pricing and risk management platforms to implement the company’s hedging strategy and to optimize the returns of its treasury pension trust.
With annual revenue of $3 billion and 13,600 employees, Saab serves the global market of governments, authorities and corporations in three strategic business segments: defence and security, systems and products, and aeronautics.
“Our challenge was to manage the exposures of a global business with incoming and outgoing 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. After extensive search, SuperDerivatives emerged as the only logical choice to address those needs,” says Stefan Lind, assistant treasurer, Saab. “Thanks to the platform’s user-friendliness we were able to get up to speed very quickly and also enhance our mastery of the latest hedging instruments and techniques.”
He adds, “Having powerful structuring functionality readily accessible as well as accurate real-time prices, risk metrics (Greeks) and streaming volatilities allows us to minimize the cost and sometimes even profit from our hedging operations while tightly controlling risk. Building on our positive experience with the SuperDerivatives platform, we are now also adopting it for enhancing investment returns of our employee pension fund using interest-rates derivatives.”
SuperDerivatives provides real-time, accurate market prices, risk management and analytics on web-based platform with all market data constantly streamed. The SuperDerivatives platform supports currencies, interest rates, commodities, energy and equities options as well as credit derivatives. The platform includes specialized, built in and custom hedging tools, including the automated Looking For Strategy constraint and goal-based hedging planner, specifically designed for corporate treasury use. It also includes various risk, analysis and performance reports.