Commerzbank offers real-time structured product pricing on Bloomberg DLIB

Bloomberg’s derivatives library helps institutional investors manage structured product investments

Commerzbank AG has chosen to provide its institutional clients with a newly launched automated way to model bespoke structured products and calculate a tradeable price, through Bloomberg’s Derivatives Library (DLIB).

Available through Commerzbank’s dealer page on the Bloomberg Terminal, the Bank will provide clients with real-time tradeable prices on structured products. In addition, DLIB provides both Commerzbank and its buy-side client with clarity into the deal’s characteristics, and gives the client back-testing capabilities and product life-cycle management.

“Commerzbank is committed to enhancing its e-connectivity to clients.  This tool provides Commerzbank institutional clients an additional digital avenue to access to the Bank’s tailor-made and extensive structured products expertise,” said Daniel Hernandez, Head of EMC E-Connectivity Solutions at Commerzbank AG.

“At Bloomberg we are constantly looking for ways to help our clients manage the investment process, and to facilitate interactions between the sell-side and the buy-side. We are pleased that Commerzbank has chosen to use DLIB to provide prices on structured products to its clients in real-time,” said Karim Faraj, Global Head of Front Office Derivatives at Bloomberg. “By integrating their quoting engine with Bloomberg DLIB, sell-side firms are able to service their clients more efficiently. Buy-side firms, on the other hand, benefit from getting quotes on structured products directly on their Bloomberg Terminal screens.”

Bloomberg DLIB gives access to a library of pre-existing and custom deal templates for structuring equity, FX, credit and interest rate derivatives contracts with desired characteristics. Bloomberg Terminal subscribers can model theoretical pricing and analyse the risk of deals, including exotic and hybrid payoffs, on the Terminal.

Commerzbank is the second firm to use Bloomberg DLIB to provide this service to its institutional clients.

DLIB is integrated with Bloomberg’s suite of Enterprise Products such as TOMS, a sell-side order management system, AIM, a buy-side order management system, and MARS, Bloomberg’s Multi Asset Risk System, to streamline the workflows from pre-trade to post-trade, front to back. Please find more information about Bloomberg MARS here, or type RISK <GO> on the Bloomberg Terminal.

About Commerzbank
Commerzbank is a leading international commercial bank with branches and offices in almost 50 countries. In the two business segments Private and Small Business Customers and Corporate Clients, the Bank offers a comprehensive portfolio of financial services which is precisely aligned to its clients’ needs. Commerzbank finances approximately 30% of Germany’s foreign trade and is the leading finance provider for corporate clients in Germany. Due to its in-depth sector know-how in the German economy, the Bank is a leading provider of capital market products. Its subsidiaries Comdirect in Germany and mBank in Poland are two of the world’s most innovative online banks. With approximately 1,000 branches, Commerzbank has one of the densest branch networks among German private banks. In total, Commerzbank serves more than 18 million private and small business customers, as well as more than 60,000 corporate clients, multinationals, financial service providers, and institutional clients. The Bank, which was founded in 1870, is represented at all the world’s major stock exchanges. In 2017, it generated gross revenues of €9.1 billion with approximately 49,300 employees.

Commerzbank press contact
Claire Tappenden, Claire.tappenden@commerzbank.com,+44 (0)20 7475 5161

About Bloomberg
Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company’s strength – delivering data, news and analytics through innovative technology, quickly and accurately – is at the core of the Bloomberg Terminal. Bloomberg’s enterprise solutions build on the company’s core strength: leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively. For more information, visit Bloomberg.com/company or request a demo.

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