The new version of software provides valuations based on credit risk adjustment for FX, debt, investments and derivative instruments; Credit-adjusted valuations for entity and counterparty positions, including market valuations unadjusted and credit-adjusted valuations across netting agreements; Full accounting based on FAS 157 rules, including option to post credit-adjusted valuation or the difference between the credit-adjusted valuation and the market valuation.
In addition, this release offers companies streamlined bank communication, with transaction processing and statement import with auditing and reporting capabilities. AvantGard Integrity also offers the ability to consolidate payment files to help reduce banking fees.
SunGard said that the customers of the new release of AvantGard Integrity will benefit from productivity and ease of use improvements, including support for handling large volumes of reconciliations, increased flexibility for automated reconciliations, functionality for bulk approvals and the ability to apply rules and priorities to bank transaction processing.
Erlend Asker, senior vice president of global treasury solutions for corporations business at SunGard, said: “With this release SunGard aims to improve the upgrade experience by offering a standardized approach with packaged migration tools. This will help our customers improve access to their banking partners and treatment of short-term cash, automate compliance processing and reduce costs around processing payment files.”