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

Interactive Data Automates Price Review Process with Vantage Price Validation Workflow

Subscribe to our newsletter

Interactive Data has added a price validation workflow to its Vantage web application for evaluated pricing transparency. The Vantage Price Validation Workflow module automates pricing exception handling and validation processes, cutting out typically manual processes and reducing operational costs.

The price validation workflow is designed to provide a central hub for client validation activities and supports this with automated loading of portfolio, market and exception data files, allowing users to review a range of market and assumptive data alongside Interactive Data content in a user-friendly interface.

Mark Wilson, product manager for Evaluation Services at Interactive Data, explains: “The core of this update to the Vantage workflow is a tolerance checking process around movement in evaluated prices. The update provides a central place where the price validation process is carried out and exceptions are identified. The process is viewed on a single screen, so individual users, pricing teams and managers can see what is occurring through the same view and the process can be audited. Tolerance checking is performed in a quick and intuitive way, increasing efficiency and reducing cost.”

The exception review process in the workflow allows users to accept a price, accept a price conditionally and link it to a price challenge, or override the price and insert an alternative.

The pricing validation workflow is designed not only to bring efficiency and automation to the pricing review process, but also to help firms meet regulatory, Topic 820 and IFRS 13 transparency requirements on pricing. Wilson suggests the update will be useful for anyone dealing with price movements, particularly accountants, collateral managers and risk managers. He comments: “If there is a significant movement in the valuation of an asset, it could have a direct impact on exposure. Risk managers can use the workflow to see these movements and discover whether they will have a material impact on a portfolio and its exposure.”

Looking forward, Wilson says the next developments in price validation functionality include more reporting options and increased calculation capability.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Best practices for data lineage and metadata management to support evolving data operations

Data lineage is key to tracking data from source to consumption and any changes to the data along the way. Metadata management provides governance and control, ensuring high quality, consistent and accurate data across a financial institution. It can be used at all levels of an organisation from the C-suite to data stewards, analysts and...

BLOG

LIBOR Transition: The Countdown Is On

Ian Sams, European Head of Product at TraditionDATA. Financial institutions and corporates have fewer than six months to get ready for one of the biggest changes to financial markets in history. On 30 June 2023, Intercontinental Exchange (ICE) will cease publishing the London interbank overnight rate (LIBOR) dollar-denominated tenors. Market participants must move to alternative risk-free...

EVENT

ESG Data & Tech Summit London

The ESG Data & Tech Summit will explore challenges around assembling and evaluating ESG data for reporting and the impact of regulatory measures and industry collaboration on transparency and standardisation efforts. Expert speakers will address how the evolving market infrastructure is developing and the role of new technologies and alternative data in improving insight and filling data gaps.

GUIDE

Regulatory Data Handbook 2022/2023 – Tenth Edition

Welcome to the tenth edition of A-Team Group’s Regulatory Data Handbook, a publication that has tracked new regulations, amendments, implementation and data management requirements as regulatory change has impacted global capital markets participants over the past 10 years. This edition of the handbook includes new regulations and highlights some of the major regulatory interventions challenging...