360 AM Selects SunGard’s FastVal for Independent Valuation of Complex Derivatives

Share Article

360 Asset Managers (360 AM), a French asset manager with €160M* in assets under management, has selected SunGard’s FastVal to help it independently value its derivative portfolios.

360 Asset Managers (360 AM), a French asset manager with €160M* in assets under management, has selected SunGard’s FastVal to help it independently value its derivative portfolios. FastVal, an ASP-based, independent valuation service for vanilla and complex over-the-counter (OTC) derivatives will help 360 AM increase its operational efficiency when valuing complex OTC derivatives. It will also help its risk department to meet French and international regulatory requirements for its accounting and compliance practices. 360 Asset Managers is registered with and regulated in France by the Autorité des Marchés Financiers (AMF).

SunGard’s FastVal will be used by 360 AM to help manage the increasing complexity of derivatives pricing with a flexible valuation service that can independently value any derivative product or portfolio. The solution will also give 360 AM access to the actual data used in the valuation process and full transparency of its valuations, helping it independently price its complex or vanilla OTC derivative instruments without losing control of its pricing process.

Olivier Blitz, president at 360 AM, said, "360 AM’s risk department needed a solution to help build products that are simple, liquid, and transparent while reducing operational risk and meeting French regulatory requirements. SunGard’s FastVal offered expertise in valuing complex derivatives and its ease of implementation and broad coverage of OTC instruments will help us remain adaptable to change as the industry evolves.”

Gavin Lee, chief operating officer of SunGard’s FastVal’s business unit, said, “Changing and increasing regulatory requirements are placing greater demand for transparency in the way that derivatives are valued. SunGard’s FastVal will help 360 AM gain improved transparency and control in the management and valuation of its portfolio risk, in line with current and future regulatory requirements.”

About 360 AM - Asset Managers
360 Asset Managers is a dynamic asset management company based in Paris. 360 Asset Managers’ activities are focused on the discretionary management of life insurance contracts, collective management for 6 mutual funds and mandate activities for dedicated funds. 360 AM website address: http://www.360-am.com/

*Assets under management as at 31 December 2011.

About SunGard’s 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 financial instruments 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 17,000 employees and serves approximately 25,000 customers in more than 70 countries. SunGard provides software and processing solutions for financial services, 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 of about $4.5 billion, SunGard is the largest privately held software and services company and was ranked 434 on the Fortune 500 in 2011. Look for us 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 in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.

# # #

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Adriana Senior
Email >