London, 04 May 2011: BancSabadell d’Andorra, a subsidiary of Banc Sabadell, has chosen SDX from SuperDerivatives (SD), the derivatives benchmark and leading multi-asset front office system, to increase its structured products investment offer to customers.

BancSababell will roll out SDX to improve its ability to deliver accurate pricing for complex cross-asset derivative products structured with equity, credit and FX. In addition, the bank will use SDX’s suite of value-added tools, including the back-testing module, scenario analysis and term sheet generator, to increase added value to customers.

"As one of the key players in private banking in Andorra, it is essential for BancSababell d’Andorra to maintain the highest levels of quality and transparency to our customers. As the market grows more sophisticated, SDX will give us the tools we need to develop innovative investment products, with the confidence that we can accurately price them according to the market conditions and manage them throughout the lifecycle of the deal," said Jordi Vilardebo, Chief Operations Officer at BancSababell d'Andorra.

Herman Buzali, Regional Sales Manager at SD said: "We are very excited to be making an entrance in the Andorran private banking industry and look forward to increasing transparency and confidence in the regional derivatives market. We welcome BancSabadell d’Andorra to the growing list of companies that have optimised derivatives operations with SDX."

　

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About SuperDerivatives
SD is transforming the world of derivatives by introducing transparency to all major traded derivative classes including foreign currency, interest rates, equities, commodities, energy and credit. Providing prices that reflect the interdealer market has led the company’s web-based, market-calibrated solutions to be widely accepted as the benchmark for derivatives pricing.　

Trading professionals on both the buy and sell side benefit daily from SD’s unique combination of unbiased, aggregated market data and sophisticated modelling techniques. The company also provides fully-fledged risk management solutions and independent portfolio revaluation services.

At the core of all the company’s solutions is SD’s extensively sourced and intelligently amalgamated market data, comprising true live market rates that are acid tested in real-time in the marketplace by active traders and run through a proven pricing model.

SD customers include leading banks, hedge funds, asset managers, custodians and hedge fund administrators in more than 60 countries, supported by a global network of SD offices with 24-hour support services.

www.sdgm.com

　

About BancSabadell d'Andorra
BancSabadell d’Andorra is a subsidiary of Banc Sabadell, fourth Spanish Banking Group, established in Andorra since year 2000, in order to offer a different and personalized banking service with the highest level of quality for its customers.

Our business is focused simultaneously to retail banking services offered to individuals and companies in Andorra and private banking with a wide range of investment products and specialized portfolio management services.

Our branch network in Andorra allows us to provide our services throughout all the country, with a close to client relationship model and special emphasis to trustworthiness and transparency.

www.bsandorra.com

　

International Press Contacts
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