Independent Valuation

GFA offers contemporaneous and historical modeled pricing for fixed income securities and a wide range of derivatives. This is based on many years of experience using state of the art theory methodologies.

GFA provides independent valuations free of potential conflict of interest. Most fixed income securities are covered including Collateralized Debt Obligations (CDOs). Included in our derivatives valuation are the most complex structures which are a specialty.

Below is a brief, but not exhaustive list of derivative instruments in which we have high volume processing capabilities and flexible volume-adjusted fees:

Auction Rate Securities

Municipal Auction Rate Securities, Auction Rate Preferred Stocks, Auction Rate Securities backed by Structured Products

Interest Rate Derivatives

Vanilla IR swaps, Floating Rate Notes Basis swaps, Floating rate notes, Asset swaps, Range Accrual Notes Vanilla IR options (caps and floors, swaptions, straddles, cancelable swaps) Exotic IR options (forward starting swaptions, straddles)

Foreign Exchange

Currency swaps, FX options

Commodities

Commodity swaps, forwards, and futures

Credit Derivatives

Total return swaps on equity and fixed income, Credit default swaps, Credit default options, Collateralized Debt Obligations (CDO)

Gifford Fong Associates has been continuously working to improve and streamline our valuation process, especially in the very complex structures.

Please feel free to contact us for further details