iTunes

Opening the iTunes Store.If iTunes doesn't open, click the iTunes application icon in your Dock or on your Windows desktop.Progress Indicator
Opening the iBooks Store.If iBooks doesn't open, click the iBooks app in your Dock.Progress Indicator
iTunes

iTunes is the world's easiest way to organize and add to your digital media collection.

We are unable to find iTunes on your computer. To download the free app Par Equivalent CDS Spread Analyzer by Buckroe Capital LLC, get iTunes now.

Already have iTunes? Click I Have iTunes to open it now.

I Have iTunes Free Download
iTunes for Mac + PC

Par Equivalent CDS Spread Analyzer

By Buckroe Capital LLC

Open iTunes to buy and download apps.

Description

The Par Equivalent CDS (Credit Default Swap) Spread Analyzer is an indispensable tool for evaluating a bond-CDS trade opportunity.

A corporate bond is one of the most commonly traded fixed income securities. Generally, an investor can buy bond and CDS protection, or sell both, to gain risk-free profit. Basis analysis involves evaluating the gap between a corporate Bond and its related CDS, which must be properly managed to effect risk-free profit.

The Analyzer has 2 types of outputs. First, the Analyzer provides a quantitative calculation of the basis between a corporate bond and a CDS on the same name. The calculation is instantaneous once the inputs are entered. The quantitative output is the bond spread, which is Par Equivalent CDS Spread (PECS).

Second, the Analyzer produces seven different graphical illustrations of the basis. The interactive graphs chart the pricing behaviors of:

- Basis vs Bond Price (clean)

- Basis vs Recovery assumption

- Basis vs Coupon Pay Frequency

- Basis vs Coupon Rate

- Basis vs parallel shift of discounting curve

- Basis vs parallel shift of spread curve

- Basis vs time to maturity

The notes to the graphs provide supplemental explanation of pricing behaviors.

The Analyzer is optimally designed and priced for the trading and investment professionals as well as related professionals, including quantitative analysts and risk managers. In addition, the Analyzer is intended as an interactive training tool for junior professionals. By manipulating the inputs on the Analyzer, the user can develop a sense for pricing behavior in response to changes to the inputs.

The Analyzer is an “intelligent” calculator in that it does not permit the probability of default to be negative. Accordingly, an error message will be displayed if the Par Spread Curve is significantly decreasing.

IMPORTANT DISCLAIMER. The Analyzer does not provide market data, which need to be entered by the user. The Analyzer is intended to supplement professional trading and investment discretion and does not purport to provide investment or trading advice. Any investment decision is the sole responsibility of the user. The Analyzer and its seller are not responsible for any losses incurred due to any actions or inactions taken in reliance on the Analyzer. Please contact info@buckroecapital.com if you require more flexible analytical tools.

What's New in Version 1.01

- Figure descriptions

iPad Screenshots

iPad Screenshot 1
iPad Screenshot 2
iPad Screenshot 3
Par Equivalent CDS Spread Analyzer
View In iTunes
  • Free
  • Category: Finance
  • Updated:
  • Version: 1.01
  • Size: 1.9 MB
  • Language: English
  • Seller:

Compatibility: Requires iOS 5.0 or later. Compatible with iPad.

Customer Ratings

We have not received enough ratings to display an average for the current version of this application.