Case Study: Safe Bulkers achieves automated, accurate valuations and reduced operational risk with FINCAD

Safe Bulkers Selects Fincad to Automate Valuations and Control Operational Risk

Safe Bulkers, a Monaco‑headquartered, NYSE‑listed provider of marine drybulk transportation services, needed a reliable way to produce quarterly market‑value reports and accurately price and hedge its interest‑rate derivatives. After initially relying on banks for valuations, auditors recommended FINCAD to meet regulatory and audit requirements with a competitively priced solution that would integrate with the company’s existing systems.

Safe Bulkers implemented FINCAD’s Fair Value Insight, a web‑based platform supported by FINCAD’s Dublin team, with the CFO as the primary user. The solution automates mark‑to‑market valuations and on‑demand risk, enabling quarterly valuations on a small book of 12 derivative products, hedging of loan rate exposure, and ad‑hoc validation of broker quotes. FINCAD delivered a cost‑effective alternative to larger systems, reduced manual quarterly work, tightened operational risk controls, and gave Safe Bulkers confidence in the accuracy of its valuation numbers.

Safe Bulkers

Constantine Adamopoulos

Chief Financial Oficer