EDEN PRAIRIE, MN, July 15, 2009 /24-7PressRelease/ -- DerivActiv, LLC, a leading provider of independent valuations for fixed income, currency and equity derivatives, private equity, CDOs and CMOs, as well as other fixed income securities like asset-backed, mezzanine and auction rates to healthcare organizations, non-profits, corporations, banks, hedge funds, governmental entities and higher education clients, has announced the creation of a private label partnership program for auditors, advisors, CPAs and other organizations that provide audit and compliance services to their clients.
"Because of increasing demand, we established a private label partnership program to give our marketing partners the ability to provide FAS 157, 133, 161, GASB 53, mark-to-market and other valuation services utilizing our industry-leading web-based platform," said Travis Quast, vice president of DerivActiv. "Partners using DerivActiv will now be able to offer clients a seamless solution if they have a request for independent derivative valuations. These marketing partners will now be able to provide value-added services and generate incremental revenue without investing in their own proprietary system."
Large accounting firms and independent advisors alike are looking for ways to retain clients by offering an expanded portfolio of services, but may not want to outsource this work. The DerivActiv Private Label Program streamlines the time it takes accounting and auditing firms to offer valuation services. By keeping it "in-house" through a private label program, they keep control of the client relationship. "A private label relationship with DerivActiv is easy to implement and can help accounting firms get up-and-running quickly without the client needing to know that their valuations are being performed by DerivActiv," said Quast.
The DerivActiv platform is a completely web-based system that is available around-the-clock and the company has recently successfully completed a SAS 70 Type II audit performed by a prominent CPA firm. In addition to FAS 157, 161 & 133 reporting, the DerivActiv platform can perform trade analytics, curve shock reports, hedge effectiveness testing, threshold alerts and cash flow verifications.
For more information visit www.derivactiv.com or e-mail [email protected]
About DerivActiv
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 53compliance 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 www.DerivActiv.com.
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