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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SunGard updates the Adaptive Analytics

Source: SunGard, 05 April 2011

SunGard has released a new version of its risk analytics engine, Adaptive Analytics, which provides better performance to help customers manage the development of credit value adjustment (CVA) and around regulations such as Basel III capital requirements.

Adaptive helps customers correctly calculate the cost of credit so that operators can correct price at the same time maximize new business opportunities. It helps customers quickly and effectively manage the computationally intensive computations for active CVA management and new regulatory stress test requirements. As the credit risk management increases in priority to senior executives, Adaptive also contributes to increased transparency in counterparty credit risk.

Tests show that more than 6 times now performs faster than previous releases of a benchmark portfolio in Adaptive Analytics. This increase in performance means that a calculation will run at the same time with only 16% of the hardware required in the past, to reduce the cost of hardware with expensive simulation calculations. Adaptive Analytics fast and accurate calculations help give customers a more accurate reflection and sharing of their credit risk.

Mat Newman, Director of product management for Adaptive Sungards position, risk and operations company, said, "Adaptive Analytics helps customers manage increased volume and complexity of calculations that are now required to carry out pricing and risk management, such as CVA, risk for incremental loading and the potential future exposure calculations. This innovation is part of our ongoing program optimization technology. "

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