Standard Securities Calculations Software Library (SSC SL)
Fixed Income Routines in C, C#, Java, Perl, JNI, Fortran, COBOL and others for almost any platform
The SSC SL is a set of callable functions which provide programmatic access to the precise "industry standard"
calculations you need for fixed income trading operations, finance, research, portfolio and money management. It was developed and produced by TIPS, Inc. for the Securities Industry Association and The Bond Market Association
The complete Standard Securities Calculations Software Library documentation is
available for your review as:
Online web pages - Online C Documentation
Current customers click here
or you can download the documentation as a Windows help file and navigation application
(approx 1MB install program) for any of the following programming languages:
Additional Product Information: Description, Customers, Pricing, Supported Environments
Description of the Product
With this library, you can quickly and accurately calculate hundreds of analytics.
These include prices, yields, durations, etc. for domestic and most foreign developed and
emerging market securities.
The Library implements standard calculations for:
U.S. bonds, notes, and discount securities
Mortgage-backed securities
Developed and emerging market bonds
Debt structuring
Portfolio performance measures
And where there are no industry standard calculations defined, the "building
block" structure of the Library frees programmers to create proprietary analytics by
combining and building on standard functions contained in the Library.
The SSC Software Library is:
Calculations can't be close. They must be exact. And the Library provides the most
accurate, consistent calculations possible.
Writing your own programs requires exorbitant analysis, research, and programming
effort. Even then, the resulting program might have bugs, or calculation errors in it.
With the Library, everything has been thoroughly checked and rechecked. It's ready for
immediate use.
It doesn't matter if you have most of the calculations you need to support your users -
you've got to have all of them. The Library contains hundreds and hundreds of routines,
and is regularly enhanced and expanded.
Keeping the numbers the same from one system to another is a must. The Library produces
the same results on numerous supported hardware and software platforms: mainframe to
mini-computer to workstation to PC.
Forcing programmers to use computer languages they don't know well leads to costly and
bug-ridden code. The Library can be easily used in the programmer's native language -
everything from C, C#, Java, COBOL, Fortran, and RPG to FoxPro, Visual Basic, and others.
New securities products and regulations are constantly being introduced. Keeping your
own calculations up-to-date is time-consuming and extremely costly. TIPS regularly updates
the Library, so you stay abreast with the latest developments in bonds, MBS, FRNs -
virtually any fixed income security product traded in primary or secondary markets.
Since September of 1998 the product has contained functions for the analysis of new Euro denominated bonds and bonds redenominated to the Euro and reconventioned.
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