High Speed Fixed Income Analytics

• The market standard for valuation and analysis of bonds, MBS, interest rate derivatives, and structured products.

Advisory and Consulting Services

• Debt management, model validation and calibration, counterparty exposure measurement, hedge effectiveness testing, and portfolio construction.

Independent Valuation Services

• Bonds, MBS, interest rate derivatives, and structured products.

• Due to the outpouring of interest following the press release on our patented MBS valuation method, Dr. Kalotay will be holding a series of webinars to answer questions about the CLEAN™ MBS Prepayment and Valuation Model. If you would like to receive an invite to attend the next one, please send an email to qifu@kalotay.com.

December 2009

• Interactive Data Corporation (NYSE: IDC), a leading provider of financial market data, analytics and related solutions, announced that it now delivers intraday fixed income valuations employing a variety of advanced analytics from Andrew Kalotay Associates, to help clients around the world more closely monitor portfolio value changes and provide European and Asian domiciled funds with new inputs to their fair value procedures.

• In partnership with The Bond Buyer, Andrew Kalotay Associates is pleased to announce the release of the Advance Refunding Calculator. Based on proprietary valuation algorithms from AKA (the same technology underlying DebtPays™ and Call Efficiency Calculator™), and supported by data from Mergent, Municipal Market Advisors, and BondDesk, the application enables issuers and their advisors to assess the attractiveness of various refunding scenarios.

• As a part of the Fixed Income Analysts Society (FIASI) speaker series, Dr. Kalotay gave a presentation on The Changing Landscape of Municipal Bonds at the Williams Club in New York, on December 2nd.
  

October 2009

• Dr. Kalotay presented two sessions, Overcoming the Data Hurdle in Muni Bond Analysis, and Special Session on the Bond Market in Crisis of 2008, at Financial Management Association (FMA)'s Annual Meeting in Reno-Lake Tahoe, Nevada on October 22nd.

• Along with Bill Whitehead, Senior Vice President at the Federal Farm Credit Banks Funding Corporation (FFCB), Andrew Kalotay gave a presentation on Debt Management: The Call Efficiency Measure and Optimal Debt Refunding at the Association for Financial Professionals (AFP)'s Annual Conference in San Franciso, CA on October 4-7th.

September 2009

• Dr. Kalotay spoke at Incisive Training's course on the Valuation of Assets in Illiquid Markets in New York on September 29th, the topic was Pricing Consistency Across Asset Classes: Bringing MBS into the Fold.

• At the invitation of the Global Association of Risk Professionals (GARP), Dr. Kalotay gave a presentation on Mortgage Prepayment Models and Risk Perception at Pace University in New York on September 15th.