BILBAO, Spain and
LONDON, June 28, 2017 /PRNewswire/ -- Banco Bilbao
Vizcaya Argentaria, S.A. (BBVA) is the first dealer to give its
institutional clients an automated way to build bespoke structured
products and then calculate a tradeable price in real-time through
a new Bloomberg function called the Derivatives Library, or
{DLIB<GO>}.
Institutional clients of BBVA have started to execute deals
based on tradeable prices delivered to BBVA's dealer page on the
Bloomberg Terminal at {DLIB BBVA <GO>}. In addition to
delivering structured products pricing in real-time, DLIB provides
both parties to a deal with clarity into a deal's characteristics
and gives BBVA's buy-side customers back-testing capabilities and
product life-cycle management.
"With a clear focus on private banking, this initiative is fully
aligned with BBVA's strategy to position itself as an agile
organization and capture fast business from this customer segment,"
said Emilio Sainz de
Baranda, Global Head of Equity
Derivatives Sales at BBVA. "This partnership with Bloomberg
helped shorten the time it takes to structure and price deals from
hours to a matter of seconds making it easier for our clients to
use BBVA as their dealer of choice for structured investments."
Bloomberg DLIB gives institutional investors access to a library
of preexisting and custom deal templates for structuring equity,
FX, credit and interest rate derivatives contracts with desired
characteristics. Users can work-up theoretical pricing and analyze
the risk of deals, including exotic and hybrid payoffs, on the
Bloomberg Terminal when they are Bloomberg Anywhere
subscribers.
Bloomberg DLIB provides the community of users, the data and the
infrastructure that makes BBVA customer's workflow easier. This
project is transformational because it links BBVA's automated
pricing tool with Bloomberg DLIB, which eliminates human
intervention to calculate and provide BBVA's customer with a firm
price. Furthermore, through a fast implementation of this solution,
BBVA has established a strategic advantage over other market
participants.
"Bloomberg's wealth of market data and analytics supports
diverse investment strategies and cater to various risk and reward
profiles. Our work with BBVA is another example of Bloomberg's
commitment to facilitating the workflow between the sell-side and
the buy-side; from idea generation, to pre-trade, execution and
post trade operations," said
Karim Faraj, Global Head of Front
Office Derivatives at Bloomberg. "Structured products investors
can use Bloomberg for more of their workflow -- from structuring
deals, to pricing them, to calculating risk on an ongoing
basis."
Institutional investors that use Bloomberg DLIB to structure and
price deals can also use Bloomberg's Multi-Asset Risk System,
called MARS, for portfolio valuation and collateral management, as
well as front office, market and counterparty risk management.
Bloomberg Terminal subscribers can find more information about
Bloomberg's derivatives library at {DLIP<GO>}. To find
information about Bloomberg's MARS, please visit {RISK<GO>}
on the Bloomberg Terminal or our website.
About BBVA
BBVA is a customer-centric global financial services group
founded in 1857. The Group is the top bank in Mexico; has leading franchises in Spain, South
America and the Sunbelt Region of the U.S.; and it is the
largest shareholder in the Turkish bank, Garanti. Its diversified
business is focused on high-growth markets and it relies on
technology as a key sustainable competitive advantage. Corporate
responsibility is at the core of its business model. BBVA fosters
financial education and inclusion, and supports scientific research
and culture. It operates with the highest integrity, a long-term
vision and applies the best practices.
About Bloomberg
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news leader, gives influential decision makers a critical edge by
connecting them to a dynamic network of information, people and
ideas. The company's strength – delivering data, news and analytics
through innovative technology, quickly and accurately – is at the
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build on the company's core strength: leveraging technology to
allow customers to access, integrate, distribute and manage data
and information across organizations more efficiently and
effectively. For more information, visit www.bloomberg.com or
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SOURCE Bloomberg