Canada Investment and Savings, an operating agency of the Department of Finance Canada, has selected Reval Center to price the embedded option of its retail note programs. Reval Center is a service bureau that performs independent derivative valuations on an outsourced basis. It receives the transaction data electronically or via fax or mail and then provides a valuation report. Reval Center is geared towards institutions that hedge risk exposures using derivatives for liability management or investment management, as well as for banks and hedge funds that trade in derivatives and are required to have independent valuations. Institutions who fall under the Sarbanes-Oxley Act, the Basel II capital framework, or who need to comply with hedge accounting rules like FAS 133 and IAS 39, should have valuations separate from or in conjunction with valuations they receive from their derivative dealers.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more