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

Recorded Webinar: Last minute preparations for SFTR: What still needs to be done and are we ready?

The regulation clock is ticking. Financial firms, especially those subject to Phase I of implementation, are well aware of the impending April 2020 deadline for the Securities Financing Transactions Regulation. The question is, are they ready? Tactical, i.e painful, approaches to compliance won’t be good enough. A strategic plan of attack is necessary to combat...

BLOG

Australia Sees Groundswell in Demand for LEI Registrations

The year 2019/20 saw a doubling of LEI registrations in Australia, according to APIR Systems, a provider of essential infrastructure for the wealth management industry in Australia, including acting as an official registration agent for the issuance of LEIs. Coming into legal force in Australia on October 1, 2019 after numerous postponements, there has been...

EVENT

RegTech Summit Virtual

The RegTech Summit Virtual which took place in June 2020 was a huge success with over 1,100 delegates registered. We are currently working on our plans for 2021 and we hope to be back with an in-person event. Whatever the future holds you can guarantee our 2021 event will be back 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. Can't wait until 2021? make sure you sign up to our RegTech Summit Virtual, November 2020. More info...

GUIDE

RegTech Suppliers Guide 2019

Welcome to our brand new RegTech Suppliers Guide. This unique guide provides detailed data profiles on close to 100 suppliers in the RegTech world, offering you an unrivalled selection of solutions for your most pressing financial regulatory challenges. The aim of the A-Team’s RegTech Suppliers Guide is to steer you through this complex marketplace, offering...