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: How to organise, integrate and structure data for successful AI

Artificial intelligence (AI) is increasingly being rolled out across financial institutions, being put to work in applications that are transforming everything from back-office data management to front-office trading platforms. The potential for AI to bring further cost-savings and operational gains are limited only by the imaginations of individual organisations. What they all require to achieve...

BLOG

Data Fabric vs. Data Mesh: 10 Companies Provisioning Modern Data Architectures for Enterprise AI

As institutions absorb ever greater volumes of data to meet their increasingly complex operational needs and those of regulators, they face a dilemma of how to store and distribute that critical information. Fragmented legacy systems have long been an impediment to the smooth management of data and now corralling multiple-cloud configurations can be added to...

EVENT

ExchangeTech Summit London

A-Team Group, organisers of the TradingTech Summits, are pleased to announce the inaugural ExchangeTech Summit London on May 14th 2026. This dedicated forum brings together operators of exchanges, alternative execution venues and digital asset platforms with the ecosystem of vendors driving the future of matching engines, surveillance and market access.

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,...