Deloitte selects SunGard FastVal

Source: Deloitte, March 22, 2011
Deloitte LLP, a leading global provider of audit, tax, consulting and financial services, has selected Sungard's FastVal, an independent valuation service for vanilla and complex OVER-THE-COUNTER (OTC) derivatives. Deloitte uses FastVal to provide it with an independent valuation service when revaluing customer derivative portfolios.

Fastvals coverage of vanilla and OTC derivatives helps Deloitte value different instruments over clients ' portfolios. FastVal covers the latest innovations in the derivatives market and its flexibility helps Deloitte continue to serve their clients after the business is changing. With Deloitte FastVal has access to the modelling techniques and data used in each individual assessment, provide transparency in the valuation process.

Tom Millar, Director at Deloitte LLP, said, "the Sungard's FastVal will help us produce the independent valuation of derivatives portfolios more effectively. We chose Sungard's FastVal because it satisfies our demands on quality, usability, and breadth of instrument coverage. "

Gavin Lee, chief operating officer of Sungard's FastVal business unit, said, "the Sungard's FastVal will help Deloitte offers a comprehensive service to its clients with a standard valuation process of derivatives. It will also provide greater transparency in the valuation of customer portfolios Deloittes. "

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