We've worked with hundreds of clients over the years and with the trend to increasing regulation and greater transparency, clients have needs beyond just derivative valuations so we partnered with Axiom Valuation. We felt their established valuation methodologies for thinly traded securities and alternative investments are an excellent complement to our expertise,
Wakefield, MA (PRWEB) August 27, 2009
Axiom Valuation Solutions (Axiom Valuation), a leading provider of independent valuations for companies and for financial securities has announced a partnership with DerivActiv, that specializes in valuing derivatives on its web based platform . The combined team will be able to offer an integrated, one-stop solution for meeting the new fair value process requirements that FAS 157 mandates for thinly traded securities, alternative investments, and derivatives owned by endowments, pension funds and other organizations with large investment portfolios. The clients of the two organizations include healthcare organizations, non-profits, corporations, banks, hedge funds, governmental entities and higher education clients,
The partnership between Axiom Valuation and DerivActiv brings together valuation expertise across a number of different asset classes including private equity and hedge fund interests, guaranteed investment contracts, other complex financial securities like MBSs, ABSs and CDSs, and derivatives. Determining fair value of complex financial securities is becoming increasingly difficult. Fiduciaries responsible for determining the fair value of assets can no longer look to an audit review as a safe harbor. Establishing that level 2 and level 3 assets have been properly fair valued requires that the fiduciary follow a rigorous process that goes well beyond interacting with their investment managers.
"Fair value is not a new concept, but its implementation expands what a fiduciary must do and in many cases the fiduciary does not have the expertise or the staff resources to take on this challenging task. We have worked with fiduciaries and have developed fair value metrics for the most difficult to value asset classes. Combining accepted finance theory, experience working with fiduciaries on fair value issues, and an extended track record in valuing the most complex financial securities, we can provide our clients with a range of fair value services at an affordable price point", notes Dr. Stanley Jay Feldman, Chairman, Axiom Valuation Solutions. "We have partnered with DerivActiv because they are a leader in the valuation of derivatives and complement our existing services," said Dr. Feldman.
"We've worked with hundreds of clients over the years and with the trend to increasing regulation and greater transparency, clients have needs beyond just derivative valuations so we partnered with Axiom Valuation. We felt their established valuation methodologies for thinly traded securities and alternative investments are an excellent complement to our expertise, "stated Johan Rosenberg, President of DerivActiv.
The DerivActiv platform is a completely web-based system that is available around-the-clock and provides independent valuations to meet FAS 157, 161 & 133 reporting requirements. Additionally, it can perform trade analytics, curve shock reports, hedge effectiveness testing, threshold alerts and cash flow verifications.
About Axiom Valuation
Axiom Valuation Solutions is a nationally recognized financial security and business valuation firm. The company has conducted valuation assignments for clients throughout the U.S., Europe and Asia. The company's rapidly growing practice in Valuation for Financial Reporting provides expert and cost-effective services for recurring valuations required by FAS 157, FAS 141R/142, FAS 123R, and IRS 409A. Axiom Valuation clients include leading hedge fund and private equity firms, and the company's valuation services have been reviewed and approved by the leading accounting firms. For more information, visit the company's fair value website at http://www.fairvalue157.com or call Jeff Rapson at: 781-486-0100 X 208.
DerivActiv, LLC is a leading provider of web-based derivative valuation and other financial monitoring services, serving financial institutions, corporations, non-profits, and municipalities. DerivActiv provides daily valuations of financial products, including equity, currency and fixed income securities and derivatives. DerivActiv is used for FAS 133, 161,157, GASB 53 compliance in financial statements, board and finance committee reports, and as an internal risk management tool. For more information call 1-866-200-9012, or visit the company's website at http://www.DerivActiv.com.