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

A-Team Insight Blogs

SunGard Enhances FastVal Independent Valuation Service

Share article

SunGard has released a new version of FastVal, its independent valuation service for vanilla cash and complex structured products and OTC derivatives. SunGard’s FastVal 3.0 provides financial institutions with transparency of the models and underlying market data used in the valuation, as well as enhanced Greeks, greater functionality in the running of intraday valuations, and coverage of market data across a multitude of securities. The solution is delivered on an application service provider (ASP) basis.

Increasing investor demand for more independent and transparent valuation of their investments is driving financial institutions to command greater confidence in the models and their underlying calculations and data.

SunGard’s FastVal 3.0 gives access to detailed information on the models, the calibration figures involved, and the data series used – down to each individual data point. By capturing continuous data feeds from exchanges, brokers and other data vendors worldwide, FastVal produces valuations when customers need them using high quality data input for models. The solution also helps firms alleviate the challenges of data collection, cleansing and storage operations. In addition, institutions can now obtain independent valuations on their positions up to four times a day. FastVal 3.0 also provides a range of Greeks to support risk management, helping customers gain greater clarity on the conditions driving the value of their portfolios.

John Jay, senior analyst at Aite Group, commented: “Regulators, auditors, investors, fiduciaries and senior managers are all demanding that the prices of portfolio assets are justified by rational and consistent pricing and valuation processes, as well as any supporting market and security data, with an eye toward conflict of interest issues. Clearly there is a need for technology solutions that can help firms meet these demands quickly and efficiently.”

Gavin Lee, chief operating officer of SunGard’s FastVal business unit, said, “Market conditions have led to a greater focus on independent valuations, as well as incrreasing demand for greater transparency and efficiency in the way portfolios are valued. FastVal’s enhanced models and approach to intra-day valuations, along with its expanded analytical functionality, will help institutions value their portfolios in an independent, transparent, timely and cost-effective way across a range of financial instruments.”

Related content

WEBINAR

Upcoming Webinar: Entity identification and client lifecycle management – How financial institutions can drive $4 billion in cost savings

Date: 21 January 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes A new model in Legal Entity Identifier (LEI) issuance has created significant opportunities for financial institutions to capitalise on their KYC and AML due diligence. By becoming Validation Agents and obtaining LEIs on behalf of their clients, financial institutions...

BLOG

GLEIF Deploys Workiva Platform, Expands into North America

The GLEIF Foundation partnered with XBRL International and Workiva in June 2020 to publish its annual report in both human and machine-readable Inline XBRL and HTML format, with GLEIF’s LEI embedded into the financial information. It constitutes only the second official business report globally to automatically link the filing entity to its verified LEI reference...

EVENT

RegTech Summit Virtual

The RegTech Summit Virtual is a global online event that will be held in May 2021 with an exceptional guest speaker line up of RegTech practitioners, regulators, start-ups and solution providers to collaborate and discuss innovative and effective approaches for building a better regulatory environment.

GUIDE

Entity Data Management Handbook

Following on from the success of our Regulatory Data Handbook, A-Team Group is pleased to introduce its new Entity Data Management Handbook which is available for free download. This Handbook is the ultimate guide to all things entity data: Why Entity Data is important A full review of Legal Entity Identifiers (LEIs) Where they came...