The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Deloitte Selects SunGard’s FastVal for Independent Valuations for its Audit and Advisory Businesses

Share article

Deloitte LLP, a global provider of audit, tax, consulting and financial advisory services, has selected SunGard’s FastVal, an independent valuation service for vanilla and complex over the counter (OTC) derivatives. Deloitte will use FastVal to provide it with an independent valuation service when revaluing its clients’ derivatives portfolios.

FastVal’s coverage of vanilla and OTC derivatives will help Deloitte value a wide range of instruments across its clients’ portfolios. FastVal incorporates the latest innovations in the derivatives market and its flexibility will help Deloitte continue to service its clients, as their business needs change. With FastVal, Deloitte will have access to the modelling techniques and data used in each individual valuation, providing transparency in the valuation process.

Tom Millar, director at Deloitte LLP, said, “SunGard’s FastVal will help us produce independent valuations of derivatives portfolios more efficiently. We selected SunGard’s FastVal because it meets our requirements relating to quality of the service, usability and breadth of instrument coverage.”

Gavin Lee, chief operating officer of SunGard’s FastVal’s business unit, said, “SunGard’s FastVal will help Deloitte offer a comprehensive service to its clients with a standard valuation process across derivatives. It will also provide greater transparency into Deloitte’s valuation of its clients’ portfolios.”

Related content

WEBINAR

Upcoming Webinar: Managing the transaction reporting landscape post Brexit: MiFID II, SFTR, EMIR

Date: 16 March 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes The transaction reporting landscape has, for many financial institutions, expanded considerably in size since the end of the UK’s Brexit transition period on 31 December 2020 and the resulting need for double reporting of some transactions to both EU...

BLOG

GLEIF Calls Global Industries to Join Development of Cryptographically Verifiable LEI

The Global Legal Entity Identifier Foundation (GLEIF) has set out grand plans to create a digitised LEI service based on a digitally verifiable credential containing the LEI – the vLEI – and able to provide automated identity verification between counterparties. The ambition is for all industry sectors globally, including financial services, to embed new and...

EVENT

TradingTech Summit London

The TradingTech Summit in London brings together European senior-level decision makers in trading technology, electronic execution and trading architecture to discuss how firms can use high performance technologies to optimise trading in the new regulatory environment.

GUIDE

Regulatory Data Handbook 2020/2021 – Eighth Edition

This eighth edition of A-Team Group’s Regulatory Data Handbook is a ‘must-have’ for capital markets participants during this period of unprecedented change. Available free of charge, it profiles every regulation that impacts capital markets data management practices giving you: A detailed overview of each regulation with key dates, data and data management implications, links to...