ABOUT
In response to the extremely limited market coverage
and the unjustifiably high cost of South African specific equity derivative valuations, Seraphim presents
M2 SurfacE
M2 Surface collects and processes your data, utilising an industry accepted and pre-agreed process that is mathematically sound; constructing an accurate and reliable valuation surface that meets auditors and regulators stringent requirements (IFRS 9).
As a JSE Member (SER), Seraphim Financial Services (Pty) Ltd
has the necessary experience, skills and industry specific expertise to meet your valuation needs.
WHAT WE DO
COVERAGE
M2 Surface covers 3 indices and 28 single stocks:
Top40, DTop & DCap.
ABG, AGL, ANG, BHG, BTI, CFR, CLS, CML, CPI, DSY, EXX, FSR, GRT, HYP, IMP, MTN, NPN, NRP, OMU, OUT, PRX, RDF, SBK, SHP, SLM, SOL, SSW & VOD
EXCHANGE EXPIRY DATES
M2 Surface sources volatility and dividend data-points to match exchange expiry dates; the nearest exchange traded monthly expiries followed by quarterly expiries (Mar, Jun, Sep, Dec) out to 3 years. This is practically valuable.
COST EFFECTIVE
Seraphim provides a high calibre service at a fraction of usual industry cost.
CONSENSUS
VALUATION METHODOLOGY
Using a sample size of less than 30, it is not possible to achieve a result with statistical significance. Similarly, it is not possible to reject a submission with confidence. Taking this into consideration when applied to the South African Equity Derivative market, M2 Surface uses a weighting methodology that produces a more consistent and therefore, more reliable set of results, or consensus.
RESULTS
While all submitted surfaces are highly confidential, submitting institutions receive a response containing:
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M2 Surface’s consensus surface.
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M2 Surface’s consensus dividend forward points.
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The standard deviation of submissions for each data-point.
PRICING
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No fixed term contract.
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Extremely competitive monthly fee charged quarterly.