{"id":13887,"date":"2021-09-08T08:29:43","date_gmt":"2021-09-08T12:29:43","guid":{"rendered":"https:\/\/www.bloomberg.com\/company\/press\/bnp-paribas-adopts-bloomberg-core-mortgage-premium-solution\/"},"modified":"2021-09-08T08:29:43","modified_gmt":"2021-09-08T12:29:43","slug":"bnp-paribas-adopts-bloomberg-core-mortgage-premium-solution","status":"publish","type":"press","link":"https:\/\/www.bloomberg.com\/company\/press\/bnp-paribas-adopts-bloomberg-core-mortgage-premium-solution\/","title":{"rendered":"BNP Paribas Adopts Bloomberg Core Mortgage Premium Solution"},"content":{"rendered":"
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New York, NY \u2013 Bloomberg today announced that BNP Paribas has adopted the Bloomberg Agency Model (BAM) for their mortgage trading business through Bloomberg’s Core Mortgage Premium (CMP) solution. These analytics support trading, risk management & regulatory compliance. CMP provides daily overnight analytics of Mortgage Backed Securities (MBS) such as Specified Pools (Specs), Collateral Mortgage Obligations (CMO), and To Be Announced securities (TBA).<\/p>\n

In addition to front office trading, CMP enables research and risk professionals to access the same mortgage functionality via desktop-based tools, including a programmatic API.\u00a0 These tools give users full control over input assumptions and predictive model parameters, providing a consistent set of analytics with mortgage functionality on the Bloomberg Terminal and other Bloomberg solutions, such as the Bloomberg Indices and MARS.<\/p>\n

\u201cBloomberg\u2019s CMP solution provides us with reliable risk and attribution models, which are more important than ever in today\u2019s market,\u201d said Bassel Kikano, head of Agency Mortgages at BNP Paribas. \u201cUsing these models, we continue to be well positioned to help our clients navigate the constantly evolving mortgage market.\u201d<\/p>\n

Russel Parentela, Global Head of Cash Structured Products at Bloomberg, said: \u201cWe are pleased Bloomberg is able to support BNP Paribas\u2019 mortgage strategy through their adoption of CMP solution and BAM model. We remain focused on providing our clients with flexible solutions that enable them to generate investment ideas that are supported by Bloomberg\u2019s data and analytics alongside advanced risk management capabilities.\u201d<\/p>\n

CMP is accessed through Bloomberg\u2019s Multi Asset Risk System (MARS), a comprehensive suite of risk management solutions. MARS, which is delivered on the Bloomberg Terminal and via APIs, provides risk analytics for cash and derivatives securities, from vanilla to complex and cash structured products. Bloomberg Risk solutions cover all traders and portfolio managers\u2019 front-office needs across market risk, XVA, credit risk, collateral and SIMM among others, which are built on a common pricing library to provide consistency across client workflows.<\/p>\n

The BAM model is used to calculate analytics for the Bloomberg US MBS Index. As part of the acquisition of Barclays Risk Analytics and Index Solutions, Bloomberg acquired this model and incorporated its successors into Bloomberg\u2019s mortgage solutions, including CMP.<\/p>\n

About Bloomberg<\/strong>
\n<\/strong>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\u2019s strength \u2013 delivering data, news and analytics through innovative technology, quickly and accurately \u2013 is at the core of the Bloomberg Terminal. Bloomberg\u2019s enterprise solutions build on the company\u2019s 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\u00a0Bloomberg.com\/company<\/a>\u00a0or\u00a0request a demo<\/a>.<\/p>\n


\nMedia Contacts:<\/strong>
\n<\/strong>APAC, Grace Ngoh, Bloomberg, +65 6231 3690,\u00a0gngoh2@bloomberg.net<\/a>
\n<\/u>U.S., Gauri Andriks, Bloomberg, +1 212 617 6361,\u00a0gandriks@bloomberg.net<\/a>
\n<\/u>EMEA, Anna Schoeffler, Bloomberg, +44 20 3525 0776,\u00a0aschoeffler1@bloomberg.net<\/a>
\n<\/u>LATAM, Pam Snook, Bloomberg, +1 212 617 7653,\u00a0pamsnook@bloomberg.net<\/a><\/p>\n\n<\/div>\n\n\n<\/div>\n\n\n\t\t\n\t<\/div>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"New York, NY \u2013 Bloomberg today announced that BNP Paribas has adopted the Bloomberg Agency Model (BAM) for their mortgage trading business through Bloomberg’s Core Mortgage Premium (CMP) solution. These analytics support trading, risk management & regulatory compliance. CMP provides daily overnight analytics of Mortgage Backed Securities (MBS) such as Specified Pools (Specs), Collateral Mortgage [...]","protected":false},"featured_media":12861,"template":"","format":"standard","categories":[17],"press_tag":[79],"class_list":["post-13887","press","type-press","status-publish","format-standard","has-post-thumbnail","hentry","category-press-announcement","press_tag-press-announcements"],"yoast_head":"\nBNP Paribas Adopts Bloomberg Core Mortgage Premium Solution | Press | Bloomberg LP<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bloomberg.com\/company\/press\/bnp-paribas-adopts-bloomberg-core-mortgage-premium-solution\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BNP Paribas Adopts Bloomberg Core Mortgage Premium Solution | 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