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Fairmat Cloud is an on-demand, instantaneous pricing and risk engine, which will allow you to screen structured retail products and obtain assessments on serveral types of OTCs and private placements.
| In English | In Italian | In German |
Web based: nothing to install on your PC or tablet. To start just enter https://cloud.fairmat.com in your browser. Use the built-in search engine for comparing structured retail products, generate market-data driven reports like this one and design and manage structured portfolios.
To create and price an ‘over-the-counter’ structure just enter the relevant parameters: payment dates, thresholds, coupons, or use the provided search engine to search for mapped public products.
You can find here a short introductory presentation.
Every day we calculate risk/return profiles for more than 9,000 structured retail products providing useful information to funds Managers, IFAs and Investors.
This is a strong commitment for our team, and we aim to include more than 20,000 products by the end of this year.
If you think that the assessment of the risk-reward profile of a single product is difficult, you certainly know that the estimation of the risk-reward profile of a structured products portfolio is cumbersome and usually only performed empirically.
Starting from today, we added in Fairmat Cloud tools to design structured products portfolios strategies and to measure/test their added value.
We developed a quantitative framework for testing risk and performance of any structured products allocation. Testing the risk/return profile of a portfolio allocation requires the joint simulation of risk factors (which could be performed with Monte Carlo based forward looking methods or with historical based bootstrapping methods), and the mapping of the nonlinear relationships between the risk factors and the products payout (which can be derived from term terms data). As you may notice these types of analyses require a lot of market data (underlying history, issuers credit scoring, terms information), plus robust simulation models and computational power.
We bundled this framework into the Fairmat Cloud platform within our new portfolio designer tool which enables users to assess given structured products allocations or to generate products allocation proposals for different risk aversion levels by specifying design goals.
Our portfolio designer tool will propose efficient portfolios starting from simple input like the initial selection of products, the allocation budget, and the preferred risk measure. Every other detail is handled by the platform including market data and the access to a curated database of retail products and the possibility of autonomously entering OTC products.
A detailed “how-to” tutorial is available here.
This update to the platform also includes other features you may find interesting:
With this release, we added a couple of new features we believe you may find very useful.
Similar products: now, at the bottom of any product page, Fairmat Cloud presents you similar products in terms of expected performances, risk, maturities and payout structure: see an example.
Ex-post performance: We are now tracking the ex-post historical performance on any expired product (example).
Notifications for New Structured Products: Our database consists now of more than 7500 products and is growing rapidly. In order to help you on being updated on new additions (for example the products you requested us to map) we introduced a weekly products notification email: in practice, every Monday morning we will send you an email containing the list of all the new ISINs we included in the database the week before subdivided by country and issuer. To start being updated by next Monday just open https://cloud.fairmat.com/Notifications.
Product Screening Improvements: now is possible to rank and visualize products with respect to new risk and performances attributes such as Potential Total Return at Maturity, Barrier Distance and Autocall Distance.
This release changes many things and if you log now into Fairmat Cloud you will notice some big changes. Along the product testing and the OTC fair value calculation, introduces two new features: a retail certificates screening system and the possibility of testing structured portfolios.
Structured Retail Products Screening and Independent Product Sheets
Currently we mapped more than 6300 structured retail products mainly on the German, UK and Italian markets and now for any mapped retail product you can freely have independent and daily-updated product sheets with several quantitative information including:
If you have one minute watch the feature presentation video in English, German or Italian.
Advanced users can also benefit of our advanced screening tools which may be activated by subscribing (monthly and yearly plans available) to our Products Database Service and rank and compare all live products for a given Market with the possibility of targeting product screening by filtering underlying, issuer, strategy and maturity or customizing ranking results by including market view and risk aversion.
Structured Portfolios Analytics
We added a new private section named portfolios which you can use to map your structured products allocations. You can add retail products just specifying ISIN and number of shares or add you own OTC and test strategies with the following analyses:
There is no limit to the number of products, issuers and underlying that can be included into the portfolios and product risk-reward profiles expressed in different currencies are automatically merged in a given main currency. Runs costs are proportional to the number of products included in the given portfolio.
We added on the platform more than 900 products issued in the German market and we started to follow the issuers below:
There are also some new features:
Fairmat Cloud Payout Guide
In order to be able to map even more products we continue to included new templates and to enhance the current ones: To help you choose the right template and map it correctly we published a Fairmat Cloud Payout Guide (which will always be available on the help page).
Upcoming Event - Meeting in London
We are participating to the 12th Annual European Structured Products & Derivatives Conference 2015 and we will be in London from February 4th to February 10th. Please let us know if you are in town, we will be glad to meet you for discussing on how Fairmat Cloud could add value to your valuation processes.
Platform Updates - Support to FX rates linked products
Now is possible to map and assess structured products insisting on the following exchange rates:
For an example see the following Phoenix Memory Plus issue.
Content Updates
Case Study - FS First Solution LTD
FS First Solution Ltd is a London based independent advisor and early adopter of Fairmat Cloud. FS mission is to support issuers to design and structure customised structured products to optimally match investors' needs. Their focus is on Structured Products across all asset classes: Credit, Equity, FX and Rates. FS focus is ad-hoc service and added value to clients and hence adopted Fairmat Cloud to generate unbiased and independent analyses by providing quantitative reports as a preferred step in their due diligence process.
As your feedbacks arrive, we are happy to fine-tune our Fairmat Cloud service to provide you exactly what you need. We have just released the following new features:
-A new post-strike backtesting analytics which allows running of backtesting on on-going products. Differently from the standard back testing, in which the investment is tested at several dates in the past as it would be at its strike date, the post-strike backtesting accounts only for the remaining future payments. The underlying history from strike date to valuation date is used to take into account state dependency (as for example coupon accumulators or American barriers) and the convenience of the investment is compared with the current theoretical price.
-The Independent Quantitative Report can also be run on post-strike dates. The generated reporting gives you information on the risk a party assumes on entering in a structured product position at the date specified in the analysis.
We are also satisfying mapping requests by adding new products into the system. See some examples of new pre-strike and recent issues below:
In the list above we reported only few examples of what we recently mapped, now issues are also searchable by distributor name, hence to retrieve the others we suggest you to use the Fairmat Cloud search page.
Fairmat Cloud is a new product hence we are rapidly adding many new features and we would like you don’t miss any one you may like. Below the changes we made in the last three weeks:
Fairmat Cloud has been released today. Please check https://cloud.fairmat.com/public/help for an introduction on its use.
Interactive Risk Map: visualize entire markets with the ability of filtering by issuer underlying and to the ability of performing growth scenarios
Products Ranking: Fairmat Cloud ranking tool allows investor to screen the best products for each categorty and investment horizon.
Independent Product Sheet: For any retail product we have generate a freely available independent product sheet.
Customization of an OTC Floating Rate Bond
Issuer Selection for a custom autocall product.
Independent valuation of public products
On-demand analysis: further analytics, like back testing can be requested on any listed or custom product
