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Bond Pricing Services |
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Increasingly competitive operating environments, more sophisticated hybrid structures, deteriorating
credit, greater market volatility: Is your bond portfolio correctly valued? IAS 39, GP 8, BASEL II, Investor
Protection and Corporate Governance regulations: Does your current valuation methodology comply
with ever more stringent perfomance reporting, audit and risk management requirements?
BPAM offers the first professional bond fair valuation service in Malaysia, providing DAILY indvidual
stock level valuation for 1900+ bonds in the local inventory. We use a transparent, global standard
pricing model adapted for an Emerging Market scenario, considering issues such as liquidity,
availability of data, disclosure levels and market sophistication.
Ultimately, our aim is to provide consistent valuation on a daily basis for ALL issues irrespective of
market and liquidity conditions.
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BondStream Terminal - Mobility
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BPAM's custom-made information platform for the Malaysian Fixed Income market. It is installed into
users PC’s and runs off an internet line, making it fully mobile globally.
BPAM is effectively a data repository holding a vast archive of current and historical information on
trading, credit, stock and facility information, yield curves, statistics, issuers, tenders and so on. This
database has great value as an information source for all market participants and is made available
to clients as a value added service. The benefits of such easily and freely available information to the
market will manifest itself in the form of more active trading, finer price discovery, enhanced risk
management and optimal capital allocation.
This data is collected from a range of sources by our in-house team of data analysts who endeavour to
ensure that it remains up-to-date and accurate. In addition, BPAM has built an unparalleled network to
ensure that bid and offer prices are received on a intraday basis from market participants with the
objective of becoming the industry-recognised standard for valuation and position keeping. Together,
this information resource forms the raw material enabling BPAM to provide authoritative and accurate
financial data to dealers, bond sales people, brokers, asset managers, institutional investors, private
clients and financial advisers.
The current release of the BondStream platform allows
users to access:
- Daily trading information;
- Real-time intraday running bond price quotations from
money brokers;
- Real time breaking news;
- Bond analytic tools;
- Custom yield curves;
- Repo, money market and bond calculators;
- Research papers, market commentaries and regulatory guidelines;
- Data export to Excel;
- Bond securities master information of individual
issues - including the calls, coupon dates,
currency, lead managers, guarantees, paying agents, accrual methods, amounts outstanding
and exchange listings;
- Market statistics;
- List of favourite user defined bonds;
- Powerful customised bond and trade search tools;
- Technical analysis tools;
- BPAM generated YTM matrix with comprehensive spread analysis tools;
- Full updates of securities master info for new bond issues and
- Credit rating history and information for both RAM and MARC issues.
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BASEL II Support Pack |
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BASEL II Support Pack provides consolidated credit rating information from the local rating agencies.
Today, risk managers will no longer required to source from various sources to capture the credit
rating information and BASEL II Support has proven to be a more efficient platform to receive and
track credit rating updates, as a result of it, operational risks due to human error can be significantly
reduced. BASEL II will prepare risk managers to effectively enhance market risk management and
optimize capital allocation with the implementation of BASEL II and the Risk Based Capital framework.
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RBC Support Pack |
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2009 marks the imminent implementation of the Risk Based Capital framework for Malaysian
Insurance companies. To help insurers comply with these regulatory requirements, BPAM has
created the RBC support pack which provides our in-house calculated zero/spot yield curves.
These curves are fully compliant with the requirements of the RBC framework and offer a cost
efficient off-the-shelf solution designed to slot right into current actuarial processes.
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Reference Pricing Service |
| BPAM’s Reference Pricing Service (RPS) is a unique product targeted towards bond issuers and
provides them access to transparent and independent information on fair primary market levels.
This narrows the information gap that is usually faced by issuers, allowing them to leverage on it
during the price discovery process that could lead to lower borrowing costs.
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Index |
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BPAM’s groundbreaking range of bond indices bring a quantum leap to the measurement of portfolio
performance. Never before have indices of such granularity and reliability been available to Ringgit bond investors. Backed by our market standard methodology, these indices cover both Conventional and Islamic bonds across all tenor buckets. In addition, BPAM has the capability to construct customized indices to meet specific portfolio needs.
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FRS 139 Support Pack |
2010 sees the full implementation of FRS 139 in Malaysia.
As such, BPA Malaysia is positioned to support the needs of market participants by providing daily BID - ASK evaluated bond prices data for nearly 2000 Ringgit fixed income securities.
Access to our FRS 139 support pack will enable investors to have comprehensive and consistent valuation data derived from our established bond pricing process. It is the preferred replacement to the current quote based methodology.
These 2 way prices will also find a multitude of uses in risk management and trading surveillance.
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