Deloitte & Touche selects SuperDerivatives Revaluation Services for Fund Auditing.LONDON & NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- SuperDerivatives[R], the benchmark for options and the leading provider of option pricing, independent revaluation Revaluation A calculated adjustment to a country's official exchange rate relative to a chosen baseline. The baseline can be anything from wage rates to the price of gold to a foreign currency. In a fixed exchange rate regime, only a decision by a country's government (i.e. , trading and risk management systems announces that Deloitte and Touche has selected the SD-Revaluation service for derivatives for conducting audits for its clients who include asset managers, hedge funds and hedge fund administrators. Deloitte is a leading auditor and professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. provider to the 1 trillion Euro Irish funds industry centered around the International Financial Services Centre The International Financial Services Centre (IFSC), or An Lárionad Seirbhísí Airgeadais Idirnáisiúnta (LSAI) in Irish, is a major financial services centre in North Wall, Dublin, Ireland. (IFSC IFSC Irish Financial Services Centre IFSC International Federation of Surgical Colleges (Switzerland) IFSC Indian Financial System Code IFSC International Fuzzy Systems Conference IFSC Information Field Size Integrated Circuit Card ) in Dublin. It uses the SuperDerivatives revaluation service for external independent verification of the portfolios of its audit clients. Deloitte decided to standardize its options auditing activities on SuperDerivatives across all derivatives in order to provide top quality service to its clients and assure strict compliance with global accounting and auditing standards that demand fair value valuation of derivative instruments Derivative instruments Contracts such as options and futures whose price is derived from the price of an underlying financial asset. , standards such as IAS See iPlanet Application Server. 1. (computer) IAS - The first modern computer. It had main registers, processing circuits, information paths within the central processing unit, and used Von Neumann's fetch-execute cycle. 39, FAS 133, FAS 157, UCITS Undertakings for the Collective Investment of Transferable Securities - UCITS A public limited company that coordinates the distribution and management of unit trusts amongst countries within the European Union. III and the upcoming pan European MiFID regulation. "Accuracy, reliability and consistency are the qualities that make the SuperDerivatives revaluation service stand apart when considering a solution for option valuation. Following recent losses of funds that lacked proven valuation processes, the accurate and consistent valuation of OTC options OTC Options Exotic options traded on the over-the-counter market, where participants can choose the characteristics of the options traded. Notes: The flexibility of these options is attractive to many. is currently the top concern of our clients. Therefore, we have rigorously benchmarked and tested various revaluation possibilities and have found SuperDerivatives to be in a league of its own, as it is the only service that accurately reflects the actual trading prices in the OTC market Noun 1. OTC market - a stock exchange where securities transactions are made via telephone and computer rather than on the floor of an exchange over-the-counter market ," said Ronan Nolan, Partner, Audit Services with Deloitte. "The service's width and depth of coverage in the number and variety of exotic options as well as in the markets and currencies covered is unparalleled and extremely impressive. It allows us to effortlessly support the increasingly sophisticated portfolios of our clients. The inclusion of vast historical and validated market data and the automated connectivity and processing saves us a significant amount of manual work and time, and dramatically raises the quality of our audit work," concluded Nolan. Dani Weigert, Head of the SuperDerivatives Revaluation Center comments: "Deloitte joins a long list of first class institutions that use the SuperDerivatives revaluation service. We are proud to partner with Deloitte in providing investors and regulators with the assurance and peace of mind they deserve. This highlights SuperDerivatives' dominance within all global investment administration centers such as Dublin, Luxemburg and Cayman Islands. The use of our services by leading auditors such as Deloitte is yet another stamp of approval attesting to the extreme accuracy and reliability of the valuations we provide." Weigert adds: "There are no shortcuts See Win Shortcuts. in providing accurate prices for complex derivatives. One must have a scientifically sound and market-proven pricing model. The SuperDerivatives revaluation service is powered by the only publicly visible and market tested option pricing model option pricing model A mathematical formula for determining the price at which an option should trade. The model expresses the value of an option as a function of the value of the underlying asset, length of time until maturity, exercise price, yields on which is constantly used by traders for real-time execution prices. The model and the SuperDerivatives global network of independent rate providers allow us to provide the only market accurate revaluation service for derivatives. Recent occurrences in the hedge fund world have clearly demonstrated that anybody counting on any other revaluation method does it at his own peril." Additional information can be found at http://www.superderivatives.com. About SuperDerivatives SuperDerivatives has revolutionized the world of option pricing by introducing transparency to all types of options in all markets and asset classes. With the SuperDerivatives real-time pricing systems every market-participant can price options as accurately as the most experienced trader in the largest investment banks on Wall Street and the City of London. By providing prices that consistently reflect the inter-dealer market, the company's products are now accepted and regarded by the majority of professionals as the benchmark for option pricing. SuperDerivatives' multi award winning real time pricing platforms for all types of derivatives and structured products are used by thousands of professionals from both the buy and sell side all over the world. The company operates globally and has offices in London, New York, Tokyo, Singapore, Buenos Aires and Paris. |
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