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

A-Team Insight Blogs

DerivActiv Offers 12 Month Swap Payment Cashflow Verification Report to New Customers Free of Charge

Derivatives valuations provider DerivActiv has indicated that it will provide a free 12 month swap payment cashflow verification report to all new customers. The vendor says that this is part of its drive to encourage firms to ensure their swap payments are calculated correctly so that accurate tax compliance calculations can be made, as well as expanding its customer base in a competitive market, of course.

The vendor claims that the unexpected events in the market have made it even more important for clients to use an independent calculation agent for their derivative calculations, including market valuation and ongoing payments. Johan Rosenberg, president of DerivActiv, explains: “Our experience is that payment calculation errors occur frequently, often at the expense of our client. We find the mistakes, point them out to the swap dealer and help our clients recover any lost amounts.”

In addition to recovering payments, DerivActiv analyses are used in the rebate calculations of tax exempt bond issues to ensure that the report is accurate, claims the vendor. It will provide an independent review of the past 12 months of payments for derivatives including plain vanilla swaps, swaptions, knock-outs, CMS swaps, equity swaps, foreign currency swaps, range accrual swaps and other exotic derivative structures.

Related content

WEBINAR

Recorded Webinar: Evolution of data management for the buy-side 2021

The buy-side faced a barrage of regulation in 2020 and is now under pressure to make post-Brexit adjustments and complete LIBOR transition by the end of 2021. To ensure compliance and ease the burden of in-house data management, many firms turned to outsourcing and managed services. But there is more to come, as buy-side firms...

BLOG

GLEIF Moves LEI Uses Cases on from Regulatory Compliance to Digital Identity Products

The Global Legal Entity Identifier Foundation (GLEIF) is extending use cases of the LEI beyond regulatory reporting to solutions initially including digital certificates. The first commercial demonstration of LEIs embedded within digital certificates has been made by the China Financial Certification Authority (CFCA), which has also signed up as a validation agent within the global...

EVENT

LIVE Briefing: ESG Data Management – A Strategic Imperative

This breakfast briefing 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

Corporate Actions

Corporate actions has been a popular topic of discussion over the last few months, with the DTCC’s plans for XBRL and ISO interoperability, as well as the launch of Swift’s new self-testing service for corporate actions messaging, STaQS, among others. However, it has not been a good start to the year for many of the...