From a functional point of view, the challenge lay in understanding the valuation models used, the variations the business areas included and their impact on the model. And, from a technical point of view, the challenge lay in the technical implementation of the models and the integration and calibration of all the components forming part of the system (transaction databases, market data system etc.), as well as response time efficiency.
The institution now has a standardized platform of financial instrument valuation models which, on the one hand, meets its current needs and, on the other, will allow it to grow and incorporate new valuation models for new financial instruments in an integrated and orderly fashion.
In addition, this platform is perfectly integrated and aligned with the institution’s technical architecture.