Mark to Markets
We deliver independent valuations of your swaps and caps, priced on institutional-grade systems, for reporting, audit, and loan compliance, at no cost to our clients.
A derivative's mark drives termination cost, collateral, and reporting. We give you an independent number you can rely on.
Every swap and cap has a mark-to-market value that moves daily with interest rates, and that number drives real decisions: what it costs to terminate, the economics of a blend-and-extend, the size of a collateral call, and the figure that lands on your financial statements. The catch is that the value you're usually handed comes from the very bank sitting on the other side of the trade.
Pensford gives you an independent number. We value the position using current market curves and standard methodology, so when it's time to terminate, restructure, or report, you negotiate from your own calculation instead of taking the counterparty's on faith. The difference between an independent mark and a dealer's quote can translate directly into dollars at termination.
The Pensford team is very responsive, usually pinging me when something advantageous has happened that could positively impact our hedge portfolio.
For audit and financial reporting, we can provide valuations on a recurring basis, giving your accountants and investors a clean, defensible figure they can rely on quarter after quarter.