About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

CECA Extends Use of SunGard’s FastVal Analytics for Valuing Complex Derivatives

Subscribe to our newsletter

Confederación Española de Cajas de Ahorros (CECA), the National Association of Spanish Savings Banks, is expanding its use of SunGard’s FastVal Analytics, a comprehensive suite of derivatives pricing models used by international financial institutions for derivatives pricing and structuring, risk management, model validation and benchmarking. The extended use of FastVal will help the association’s financial risk department price and manage complex interest rates and FX over the counter (OTC) products more efficiently.

FastVal Analytics has been integrated with SunGard’s Adaptiv risk management solution to provide CECA with a combination of valuation and risk analytics. The integrated solution will help CECA increase its operational efficiency when valuing complex OTC derivatives and analyzing risk scenarios.

Alberto José Martín Muñoz, head of CECA’s Market Risk Platform, said, “CECA’s risk department needed an efficient solution to help reduce the operational risk posed by having a number of different pricing solutions. In addition, as CECA provides services to different savings banks, we needed to extend our product coverage to include complex instruments. By choosing a solution integrated within our market risk platform, we will be able to manage the market and counterparty risk of the whole portfolio within SunGard’s Adaptiv.”

Massimo Salerno, head of CECA’s Risk Services Center, added, “Further reasons for the selection of SunGard’s FastVal Analytics were its ease of scripting new structured products, its coverage of OTC instruments, and SunGard’s expertise in measuring the market risk of complex derivatives.”

Gavin Lee, chief operating officer of SunGard’s FastVal business unit, said, “Institutions require more transparent, efficient and integrated systems to manage increasing complexity. SunGard’s FastVal and Adaptiv will help satisfy CECA’s valuation, deal entry, risk management and regulatory reporting needs, helping CECA focus on its strategic goal of serving the interests of Spanish savings banks.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: How to simplify and modernize data architecture to unleash data value and innovation

The data needs of financial institutions are growing at pace as new formats and greater volumes of information are integrated into their systems. With this has come greater complexity in managing and governing that data, amplifying pain points along data pipelines. In response, innovative new streamlined and flexible architectures have emerged that can absorb and...

BLOG

What the SEC’s New Treasury Clearing Rule Means for Dealers and Buy-Side Firms

Since December 2023, the Securities and Exchange Commission (SEC) has been steering the U.S. Treasury market toward a structural shift: mandating central clearing for broad categories of cash and repo trades in U.S. Treasuries. The objective is clear, reducing counterparty risk, improving transparency and operational resilience. But the transition presents several challenges that have yet...

EVENT

AI in Data Management Summit New York City

Following the success of the 15th Data Management Summit NYC, A-Team Group are excited to announce our new event: AI in Data Management Summit NYC!

GUIDE

Regulatory Data Handbook 2025 – Thirteenth Edition

Welcome to the thirteenth edition of A-Team Group’s Regulatory Data Handbook, a unique and practical guide to capital markets regulation, regulatory change, and the data and data management requirements of compliance across Europe, the UK, US and Asia-Pacific. This year’s edition lands at a moment of accelerating regulatory divergence and intensifying data focused supervision. Inside,...