Case Study: Första AP-fonden achieves faster, more accurate bond pricing and streamlined cash-flow analytics with FINCAD Analytics Suite

First Swedish National Pension Fund Expands Its Investment Management Tool with Fincad

Första AP-fonden, the First Swedish National Pension Fund with roughly SEK 300 billion in assets, needed to enhance an internally built fixed income and FX application that integrates multiple vendor systems. The fund’s team required an analytics library to handle bond and cash-flow calculations that would integrate seamlessly, offer thorough documentation and provide intuitive developer tools. They chose FINCAD’s Analytics Suite for Developers (FINCAD) to meet these requirements.

FINCAD’s Analytics Suite was embedded into Första AP-fonden’s application to deliver accurate bond pricing (price‑to‑key, yield‑to‑key), cash‑flow structuring and performance attribution, and to support FX hedging decisions. FINCAD’s pre-built market conventions reduced manual settlement-date and holiday checks, saving significant staff time, while comprehensive technical documentation sped up further development. The result has been faster, more accurate calculations and more reliable investment decisions that contribute to higher returns, enabled by FINCAD.

Första AP-fonden

Angelica Diehn

Fixed Income and FX Analyst