K-sure protects exporters from Korean won volatility with SuperDerivatives

SEOUL, South Korea, Oct. 31, 2013 /PRNewswire/ -- SuperDerivatives, a leading cloud-based financial information, derivatives technology and trade execution provider, has been selected by the Korea Trade Insurance Corporation (K-sure) to provide accurate FX hedging services to Korean exporters.

K-sure, founded by the Korean government to operate export and import insurance programs, needed to expand the FX insurance programme it offers to local exporters in order to protect businesses against currency volatility in the Korean won. By adopting eValueX, SuperDerivatives will provide K-sure with accurate and independent portfolio valuation for a comprehensive range of FX derivatives products.

eValueX delivers live or scheduled valuations at any hour of the day using snapshots of real-time data. The accuracy of eValueX stems from both the high quality market data it is fed with and SuperDerivatives' pricing models that truly reflect the interbank market prices. Together with eValueX, K-sure will use SuperDerivatives' real-time market data, news and analysis terminal DGX.

Jonathan Yune, Head of Sales for Korea at SuperDerivatives, comments: "The Korean won has experienced unprecedented volatility this year, especially versus the Yen, making risk management a difficult task for even the most sophisticated of hedgers. Using our eValueX valuation service, K-sure's FX risk management team is now able to view market-reflective pricing for its FX positions on a highly efficient and cost-effective cloud-based platform, packed with intuitive features and functionality."

Joohyun Oh, Head of FX Risk Management at K-sure, comments: "We needed to access up-to-date pricing for a wide range of hedging strategies to ensure we offer the best possible service for Korean exporters looking to offset the risk of cross-border currency fluctuations. By using SuperDerivatives' eValueX solution, we are able to obtain independent bid-offer pricing that can be used to accurately price our insurance products. The platform is competitively priced, scalable, and delivered via extremely flexible cloud-based technology."