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Savvysoft Releases New Model For Accumulators

New model added to award-winning TOPS suite enhances coverage for popular structures in the commodity and equity markets

New York, April 20, 2018 –- Savvysoft announced today the addition of a new model to its award-winning TOPS Suite of dervatives pricing models to price accumulators.

Accumulators are contracts for a buyer to steadily purchase a predetermined number of units of an asset (such as a commodity or shares of stock) at a fixed price for a fixed number of days, but with a knockout barrier. For example, the contract could call for one party to buy 500 shares of stock every day for six months at a price of 150. However, if the stock goes up to 250, the contract ends at that point.

The TOPS Accumulator model extends this structure by allowing the user to price put and call options which can combine to make more complex purchase agreements. For example, a long call with a strike of 150 and a short put with a strike of 150 is the equivalent of purchasing at 150. But since the ratio of the put and call does not need to be 1:1, other structures can be easily created. In addition, the TOPS model allows for both single and double barriers.

The new Savvysoft TOPS models is available immediately.

About Savvysoft

Savvysoft is a New York City-based provider of award winning OTC derivatives pricing analytics, and portfolio and risk management systems. Savvysoft’s products handle OTC derivatives in every traded market including: Interest Rates, Inflation, Credit, Equities, FX, Commodities, Convertibles, Energy & Electricity. Our products are used by thousands of users from a broad range of financial institutions worldwide. These institutions include top-tier banks, dealers, brokers, money managers, energy suppliers, corporate treasurers, auditors and consultants. Savvysoft was founded by Rich Tanenbaum, the former head of Derivatives Research at Bankers Trust (now Deutsche Bank). Rich was a founding member of the first OTC derivatives desk on Wall Street at Bankers Trust.

All product names referenced herein are trademarks of their respective companies.

Contact: LeeAnn Chen (212) 742-8677 leeann@savvysoft.com


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