Global-FISA Functionality

The Global-FISA line of products from FTLabs includes support for securities from the United States, Canada, Japan, Euro Zone, Germany, France, Italy, and the United Kingdom.  Specific versions of Global-FISA are available for development in Java, Microsoft .NET, and C++ languages.

The instruments, calculated results, and market conventions supported by the Global-FISA are listed below:

Supported Financial Instruments

US Treasury Securities

  • Treasury Bills
  • Treasury Notes
  • Treasury Bonds
  • Treasury STRIPs
  • Treasury Inflation-indexed Securities

US Agency Securities

  • Agency Bonds
  • Agency Fixed Rate Notes
  • Agency Discount Notes
  • Agency Floating Rate Notes

US Corporate Securities

  • Corporate Bonds
  • Callable Bonds
  • Zero Coupon Bonds
  • Stepped Coupon Bonds
  • Medium-term Notes
  • Retail Structured Notes
  • Preferred Securities
  • Hybrid Preferred Securities
  • Perpetual Securities
  • Commercial Paper
  • Certificates of Deposit (Fixed, Floating, & Term)

US Municipal Securities

  • Municipal Bonds
  • Callable Bonds
  • Zero coupon bonds
  • Stepped Coupon Bonds
  • Municipal Notes

US Certificates of Deposit

  • Fixed Rate
  • Floating Rate
  • Term

United Kingdom Securities

  • Treasury (Gilt) Bills
  • Treasury (Gilt) Notes
  • Treasury (Gilt) Bonds
  • Treasury (Gilt) STRIPs
  • Treasury (Gilt) Inflation-Indexed Securities

Canadian Securities

  • Treasury Bills
  • Government Bonds
  • Provincial Bonds
  • Municipal Bonds
  • Corporate Bonds

European Securities

  • Eurobonds
  • German Fixed-rate Bonds
  • French BTANs
  • French OATs
  • Italian BOTs and CTZs

Japanese Securities

  • Treasury Bills
  • Government Bills

Calculations & Analytics Supported

Pricing Calculations

  • Price given yield
  • Yield given price
  • Price given discount
  • Accrued interest

Equivalent Yields

  • Current yield
  • Money-market yield (360 day year)
  • Simple yield (365 day year)
  • Bond equivalent yield
  • Discount rate
  • Inflation-adjusted yield

Volatility Analytics

  • Estimated modified duration
  • Estimated Macaulay duration
  • Actual modified duration
  • Actual Macaulay duration
  • Estimated convexity
  • Actual convexity
  • Price value of 1bp
  • Yield value of 1/32nd

Market Conventions Supported

Coupon Periods

  • Normal coupon periods
  • Short or long first coupon period
  • Short or long last coupon period
  • Short or long first and last coupon periods
  • End-of-month adjustment

Interest Frequency

  • Monthly
  • Quarterly
  • Semi-annually
  • Annually
  • At maturity

Daycount Conventions

  • 30/360
  • 30 Euro/360
  • ACT/360
  • ACT/365
  • ACT/ACT
  • ACT/Year
  • Japan/365

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