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

Pendo Systems Develops OTTI Analysis Report for FASB Accounting Requirements

Subscribe to our newsletter

Accounting solutions vendor Pendo Systems has developed a new report aimed at assisting its clients in identifying investments that come under the other than temporary impairment (OTTI) classification, as specified by the Financial Standards Accounting Board (FASB). OTTI has been a hot topic over the last few months, as the FASB has been coerced by industry lobbyists to revise its mark to market accounting rules.

The newly revised accounting rules allow firms “significant judgement” in the valuation of their assets and are considered to be a major step away from the original mark to market guidelines, according to the FASB. The area of OTTI has been altered to reflect the impact of the financial crisis so that losses recorded in capital are based on economic losses rather than market losses.

The vendor’s new OTTI Analysis Report is being offered to clients using its flagship BasisPoint accounting system, which provides an automated database of client accounts. The report will therefore assist BasisPoint clients in identifying investments that are candidates for Generally Accepted Accounting Principles (GAAP) impairment accounting as required by a number of different regulations as well as International Financial Reporting Standards (IFRS) accounting requirements.

“This report was designed to allow users the flexibility to select run-time threshold parameters, such as percentage of market value under book value and over how many time periods,” explains Teri Henry, BasisPoint product manager.

As well as updating its accounting solution, Pendo Systems has also been recently focused on increasing its general data management offering. In November last year the vendor formed a strategic alliance with buy side data management solution vendor Data Agent to deliver an integrated solution aimed at streamlining data management for financial services firms. The two firms are developing a multi-dimensional platform on which they claim customers will be able to manage their investment data via the combination of their respective offerings.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Unpacking Stablecoin Challenges for Financial Institutions

The stablecoin market is experiencing unprecedented growth, driven by emerging regulatory clarity, technological maturity, and rising global demand for a faster, more secure financial infrastructure. But with opportunity comes complexity, and a host of challenges that financial institutions need to address before they can unlock the promise of a more streamlined financial transaction ecosystem. These...

BLOG

Testing Industry Perceptions at Data Management Summit London

Every year at the A-Team Group Data Management Summit we take the pulse of the financial data and tech industry on a range of critical topics of the day. We do this through audience participation questions during the day-long event, urging delegates to interact with speakers and other participants via remote voting on salient questions....

EVENT

RepRisk Sustainability Breakfast Roundtable London

The London sustainability breakfast is part of the global roundtable thought leadership event series hosted by RepRisk in key markets, including, New York, Toronto, London, Frankfurt, Oslo, Copenhagen, Stockholm, Hong Kong and Singapore in 2026.

GUIDE

AI in Capital Markets Handbook 2026

AI adoption in capital markets has moved into a more disciplined phase. The priority is now controlled deployment: where AI can be used safely, where it can deliver measurable value, and how outputs can be governed, monitored and evidenced. The 2026 edition of the AI in Capital Markets Handbook examines how AI is being applied...