Deloitte Selects SunGard's FastVal for Independent Valuations for its Audit and Advisory Businesses

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Deloitte LLP, a leading global provider of audit, tax, consulting and financial advisory services, has selected SunGard’s FastVal, an independent valuation service for vanilla and complex over-the-counter (OTC) derivatives.

Deloitte LLP, a leading global provider of audit, tax, consulting and financial advisory services, has selected SunGard’s FastVal, an independent valuation service for vanilla and complex over-the-counter (OTC) derivatives. Deloitte will use FastVal to provide it with an independent valuation service when revaluing its clients' derivatives portfolios.

FastVal's coverage of vanilla and OTC derivatives will help Deloitte value a wide range of instruments across its clients' portfolios. FastVal incorporates the latest innovations in the derivatives market and its flexibility will help Deloitte continue to service its clients as their business needs change. With FastVal, Deloitte will have access to the modeling techniques and data used in each individual valuation, providing transparency in the valuation process.

Tom Millar, director at Deloitte LLP, said, "SunGard’s FastVal will help us produce independent valuations of derivatives portfolios more efficiently. We selected SunGard's FastVal because it meets our requirements relating to quality of the service, usability and breadth of instrument coverage.”

Gavin Lee, chief operating officer of SunGard’s FastVal’s business unit, said, “SunGard's FastVal will help Deloitte offer a comprehensive service to its clients with a standard valuation process across derivatives. It will also provide greater transparency into Deloitte’s valuation of its clients' portfolios."

About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see http://www.deloitte.com/view/en_GB/uk/about/index.htm for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its Member Firms.

Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning multiple industries. With a globally connected network of member firms in more than 150 countries, Deloitte brings world-class capabilities and deep local expertise to help clients succeed wherever they operate. Deloitte's approximately 170,000 professionals are committed to becoming the standard of excellence.

About FastVal
FastVal is an ASP portfolio valuation service, accessed over the Internet that provides independent valuations for individual trades and holdings as well as entire portfolios. FastVal is powered by a proprietary pricing language that can describe any financial instrument based on cash flows, calendar events and boundary conditions. This helps FastVal to respond rapidly to developing markets and products and assimilate new instruments. FastVal uses both single and multi-factor models with a choice of numerical methods to price and structure derivatives in a wide range of asset classes. http://www.sungard.com/fastval/learnmore

About SunGard
SunGard is one of the world's leading software and technology services companies. SunGard has more than 20,000 employees and serves 25,000 customers in 70 countries. SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue about $5 billion, SunGard is ranked 380 on the Fortune 500 and is the largest privately held business software and IT services company. Look for use wherever the mission is critical. For more information, please visit http://www.sungard.com.

Trademark Information: SunGard, the SunGard logo and FastVal are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries or affiliates in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.

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Adriana Senior
SunGard
718-578-1130
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