Clearwater Brings
Best-In-Class Solution to Stable Value Fund Holders
BOISE,
Idaho, Feb. 29, 2024 /PRNewswire/ -- Clearwater
Analytics (NYSE: CWAN), a leading provider of SaaS-based investment
management, accounting, reporting, and analytics solutions, today
announced its Clearwater for Stable Value solution has been
selected by T. Rowe Price to support
the global investment management firm's growing stable value fund
business.
Clearwater for Stable Value will provide T. Rowe Price with a comprehensive technology
solution designed specifically for stable value investment
operations. The solution is purpose-built to address the complex
needs of stable value funds, including the creation of custom trade
tickets for investment contract issuers and other third-parties
which will enable T. Rowe Price to
enhance their stable value technology with a single SaaS solution
that offers their front-office and back-office teams access to the
same reconciled investment data each day.
"Clearwater for Stable Value is the technology that will allow
us to advance our stable value fund operations and support our
continued business growth," said Antonio "Tony" Luna, Head of
Stable Asset Management at T. Rowe
Price. "Clearwater has an innovative solution for the stable
value industry that we believe will provide accurate, timely data.
We are excited to further our partnership with Clearwater."
With Clearwater for Stable Value, T. Rowe Price will benefit from an enhanced view of
market and contract value, accounting, external manager data,
crediting rate calculations, and streamlined contract issuer trade
documents.
"We are delighted to extend our partnership with T. Rowe Price through Clearwater for Stable Value,"
said Scott Erickson, Chief Revenue
Officer at Clearwater Analytics. "As an industry leader, T.
Rowe Price was looking for a trusted
technology partner that could address the unique requirements of
stable value investment operations. Clearwater is dedicated to
transforming investing for our clients, and we're confident
Clearwater for Stable Value sets a high standard for effective
stable value fund operations."
To learn more about Clearwater Analytics, speak to an expert
today.
About Clearwater Analytics
Clearwater Analytics (NYSE: CWAN), a global, industry-leading
SaaS solution, automates the entire investment lifecycle. With a
single instance, multi-tenant architecture, Clearwater offers
award-winning investment portfolio planning, performance reporting,
data aggregation, reconciliation, accounting, compliance, risk, and
order management. Each day, leading insurers, asset managers,
corporations, and governments use Clearwater's trusted data to
drive efficient, scalable investing on more than $7.3 trillion in assets spanning traditional and
alternative asset types. Additional information about Clearwater
can be found at clearwateranalytics.com.
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SOURCE Clearwater Analytics