Not sure just what those derivatives positions are worth? Nothappy about the time it takes to figure it out? A new Web-basedproduct that provides valuations on interest rate, foreign exchangeand commodity positions from financial analytics provider FINCADand interdealer broker ICAP, aims to help.

Bob Park, the president and CEO of FINCAD, says FairValueInsight lets treasurers and finance departments avoid the possibleconflicts of interest of getting prices on their derivativepositions from their counterparties. It also provides a moretransparent and auditable process than doing valuations on aspreadsheet, Park says. “Spreadsheet solutions works but they don'tprovide a controlled environment.”

After the company's positions are loaded, the system providesvaluations, at whatever frequency the company requires, in anauditable format whose calculations and methodologies aredisclosed.