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Versatile.
CONVERTIBLE BONDS
Monis
PRODUCT SHEET
Robust analysis and portfolio risk management
The challenges: complex market variables,
multiple pricing strategies and managing risk
Performing accurate, timely risk and scenario analysis for
convertible bonds and other derivatives requires powerful and
robust modeling capabilities. Institutions such as hedge funds,
investment banks and asset managers need sophisticated
analysis that cover the full range of convertibles to support front
and middle office requirements.
Effective evaluation and identification of market opportunities
need comprehensive tools. This can only be achieved with
specialized solutions for detailed valuation and risk analysis.
Assessing the impact of different convertible trading strategies
while maintaining accurate risk management over the entire
portfolio presents many challenges:
¡¡Complex convertible modeling requires robust, specialized
and powerful analytical capabilities
¡¡Effective risk management necessitates portfolio, strategy
and instrument level analysis
SunGard can help
SunGard’s Monis Analyzer provides powerful convertible
analysis and modeling capabilities. Created by experts in
convertible markets, the solution is designed to provide the
industry level risk and scenario analysis required for complex
derivatives. It delivers a complete portfolio overview and
enables the evaluation of different trading strategies and
management of risk across all trading books.
Solution overview
Monis Analyzer provides robust modeling, pricing and
hedging capabilities for convertibles. The solution
architecture supports secure, multi-user analysis while
providing a consolidated view of different trading books.
It enables institutions to make valid, accurate and timely
decisions for trading in convertible bonds based on the
comprehensive analysis of complex market variables.
¡¡Powerful risk and scenario analysis
¡¡Trading requires evaluation of different strategies for
Modeling portfolios and bonds
multiple asset classes
¡¡Effective trading and decision making relies on an analysis
of the impact of market variables on individual bonds and
the total portfolio
Monis Analyzer supports sophisticated analysis for
convertible modeling. This enables complex risk and
scenario analysis to be performed, enabling effective pricing
and analysis decision making.
¡¡Understanding and modeling the terms and conditions for
the investable universe of convertibles requires specific
market expertise and an investment in time and resource
MONIS ANALYZER SUPPORTS A BROAD RANGE
OF ASSET CLASSES INCLUDING::
¡¡Convertible
bonds
¡¡Stocks
¡¡Convertible
preferred
¡¡Reverse
¡¡PEPS
and other mandatory
convertibles
¡¡Zero
coupon convertibles
¡¡Warrants
¡¡Equity
call and put options
convertibles
¡¡Convertible
¡¡Credit
default swaps
¡¡Interest
rate swaps
¡¡Contingent
¡¡Bond
asset swaps
capital bonds
futures
The solution enables the risk for different portfolios to be
established and compared to user-defined benchmarks.
Further scenario analysis can be used to determine the
portfolio performance against these benchmarks.
Extensive time series charting tool for pricing analysis
SunGard Monis
¡¡Consolidated view of risk
Manage risk across multiple users
¡¡Breadth of coverage
As many traders may work on individual portfolios, Monis
Analyzer allows an aggregated view of risk across these
different trading books to be established.
Monis Analyzer enables comprehensive modeling for the key
features of a convertible. In addition to traditional convertibles,
preferred securities and PEPS, it supports pricing a wide range
of asset classes such as convertible asset swaps (ascots),
straight bonds, interest rate swaps, options, equities, bond
futures and credit default swaps which may form part of
convertible arbitrage and long only strategies.
Specialized solution and support for convertibles
Delta and other market risks such as Rho and Credit01 can
be combined and averaged according to weight, portfolio,
sector and position.
¡¡Rapidly gain value
Flexible deployment options
A range of flexible deployment options provide institutions
with a fast time to market. Convertible data entered by
experienced market specialists from SunGard’s Monis Data
Service can be integrated quickly into Monis Analyzer. This
allows rapid access to the terms and conditions and market
data for modeling. Additionally, Monis Analyzer’s analytical
capabilities can be accessed as a cloud-based solution
using SunGard’s Hedge360 solution.
¡¡Identify market opportunities
Powerful search and display tools
Sophisticated search, query and filter capabilities using
multiple criteria can be applied by Monis Analyzer to
the available convertibles to enable easier identification
of market opportunities. A flexible display layer allows
individual users to control how data is presented facilitating
a customized view of risk.
¡¡Powerful architecture
Client-server design for robust infrastructure
The client-server architecture delivers industry standard levels
of security and resilience to meet the requirements of large
institutions. The database design and integration options
support efficient bi-directional connectivity.
As a specialized convertible modeling solution, support,
training and implementation services are delivered by
experts in convertible bonds.
Robust, sophisticated modeling for convertibles
Monis Analyzer provides powerful and robust capabilities for
modeling a wide range of complex financial instruments. It
allows detailed risk and scenario analysis across the portfolio
while efficiently identifying market opportunities. To
streamline how you model convertible bonds, contact
SunGard at [email protected] to discuss your
individual requirements.
Enabling the adaptive enterprise
Sitting at the intersection of technology and finance, SunGard is
focused on delivering fresh ideas and inventive solutions to help
our customers adapt and thrive in an ever changing environment.
With a blend of software solutions, cloud infrastructure, global
service capabilities and deep domain expertise, SunGard is
capable of supporting virtually every type of financial organization,
including the largest and most complex institutions in the world.
For more information, please visit www.sungard.com
Market data sources, client analytical libraries, share
assumptions and information from systems of record such
as portfolio positions and details of any new trades can be
incorporated into the analytical model. New sources of
data can also be added to enrich the analysis and modeling
capabilities. This enables a comprehensive view of risk across
the portfolio allowing detailed analysis.
Monis Analyzer additionally provides updated portfolio
valuations back to client systems.
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