More NewsNovartis Adopts Corporate FENICS

Novartis Adopts Corporate FENICS

FENICS Software announced that Novartis is using Corporate FENICS to price currency options. Corporate FENICS, launched in May 1999, is a new software solution to help corporations hedge their currency risk and make more informed option buying and analysis decisions. Corporations can use the pricing calculator and basic analysis tools to price, revalue and analyze OTC and exchange-traded vanilla and exotic currency options, viewed from a buy-side perspective. ‘Corporate FENICS has helped us in managing our currency option exposure,’ said Basil Goetsch, Risk Manager, Novartis International AG. ‘I input the trades and look at the reports. Corporate FENICS has saved us a lot of time and effort,’ said Goetsch. ‘Now we quickly and easily reprice options on our own.’

Related Articles

Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

2m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

3m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

3m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

3m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

4m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

4m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

4m Tasja Botha
FX for corporates: 5 best practices for treasurers

Economy FX for corporates: 5 best practices for treasurers

4m Mateo Graziosi