Investment Banks
End the margin call disputes
Your desk trades 500 EUR swaps a day. At month-end, 15% of bilateral margin calls break because your counterparty uses a different curve. With RateIndex, both banks read the same curve. Breaks drop to near zero.
- Rates desk: Price and risk-manage IRS, FRA, cross-currency swaps in real time
- Middle office: Reconcile 10,000+ trades with counterparties — same-day, no breaks
- XVA desk: Consistent discount factors for CVA/DVA/FVA across all counterparties
- Finance: IFRS 13 fair value with auditable, reproducible methodology
Saves: $2M+/year in Acadia + TriOptima costs alone
Hedge Funds
Bloomberg's yield curves for $49/month
You run a $500M macro fund. You need SOFR curves, swap pricing, and DV01 for your rate book. Bloomberg charges $24K/year per seat. RateIndex gives you institutional-grade OIS curves and swap pricing via API.
- PM: Real-time P&L attribution — how much came from curve moves vs carry
- Quant: Full term structure for model calibration, backtesting with historical curves
- Risk: Stress scenarios: +100bp, steepener, flattener — instant portfolio impact
- Ops: Verify broker marks independently instead of trusting the dealer
Saves: $24K/year per Bloomberg seat replaced
Custodians & Fund Administrators
Give your clients what they really want: proof
BNY holds $46T in assets. Your pension fund clients have OTC swaps with Citi and Goldman. They ask: "Is my swap really worth what the bank says?" You couldn't answer. Now you can.
- Valuation: Price every client derivative independently — not from the dealer's mark
- NAV: Fund NAV with verifiable curve methodology, not a Bloomberg black box
- Collateral: Real-time collateralization ratio across all client positions
- Default: If a bank fails, compute close-out amounts in hours — not months of disputes like past bank failures
Revenue: Premium valuation service for institutional clients
Asset Managers & Mutual Funds
Know what your bonds are actually worth
You manage a $10B fixed-income fund. Every day you need the fair value of 2,000 bonds and 300 swaps. Your fund admin uses one curve, your risk system uses another, and your auditor questions both.
- Portfolio valuation: One curve for NAV, risk, and reporting — no more reconciliation
- Duration management: DV01 per bucket for LDI precision matching
- Regulatory: Solvency II discount curve for insurance mandates
- Performance: Attribution: how much return came from duration vs carry vs spread
Saves: $50K-200K/year replacing BVAL for independent valuation
Corporate Treasury
Stop trusting your bank's swap valuation
Your company has $500M+ in interest rate hedges. Every quarter, the bank sends a mark. Your treasurer has no way to verify it. Is the bank padding the valuation? You'd never know. Until now.
- Hedge verification: Independent mark-to-market on every swap in your hedge book
- IFRS 9 hedge accounting: Prove effectiveness with an auditable, reproducible curve
- RFQ comparison: When 3 banks quote you a swap, compare against fair value instantly
- Board reporting: "Our hedges are worth -$12M" with full methodology audit trail
Saves: Trust. You verify instead of trusting the bank.
Regulators & Central Banks
See what the banks see — in real time
ECB supervises 113 banks. Each reports derivative exposures quarterly. Each uses a different curve. You can't compare them. With RateIndex, every bank values against the same reference. You see the truth.
- Systemic risk: Aggregate exposure across all supervised banks using one curve
- Stress testing: Apply identical shocks to every bank's book — comparable results
- Resolution: In a bank failure, compute all close-out amounts immediately
- Benchmark oversight: Full transparency on curve construction methodology
Value: Systemic visibility that doesn't exist today
Insurance Companies
Solvency II without the guesswork
EIOPA publishes a risk-free rate curve for Solvency II — but you can't verify how they built it. Your solvency ratio swings when the methodology changes. RateIndex gives you a curve you can reproduce, audit, and explain to the regulator.
- Reserve discounting: Present value of claims expected 30 years out, auditable to the last digit
- ALM: Match asset and liability duration with precision bucket DV01
- SCR: Interest rate risk sub-module with verifiable stress scenarios
- Internal model: Prove your curve construction is at least as conservative as EIOPA's
Saves: Audit cost + regulatory challenge risk
Fintech & DeFi Protocols
Real interest rates, on-chain
You're building a fixed-rate lending protocol. You need to know what the 5Y USD swap rate is — on-chain, verifiable, not from an oracle you can't audit. RateIndex is the only on-chain curve engine with institutional-grade precision.
- Fixed-rate DeFi: Price PT/YT tokens (Pendle) against the real OIS curve
- Structured products: Autocallable pricing with proper discount factors
- Cross-chain: Same Rust core compiles to Solana, EVM (via transpiler), or Wasm
- Composability: Any protocol can call the on-chain bootstrap — permissionless
Moat: Only on-chain curve with proven institutional-grade accuracy