La Banca di Credito Cooperativo di Roma Selects SunGard’s Reech FastVal for Independent Valuation

Rome - 29 July 2008

La Banca di Credito Cooperativo di Roma (BCC di Roma) has selected SunGard’s Reech FastVal, an OTC derivatives valuation service, for the valuation of its structured products. Reech will help BCC di Roma’s derivatives users to compute the fair value of portfolios containing virtually any financial product, from vanilla cash products to complex exotics and hybrid structures. Delivered on an ASP (application service provider) basis, Reech FastVal will help BCC di Roma to keep entry and support costs low, while maximizing implementation speed.

Rossano Giuppa, risk management director at BCC di Roma SpA, said, “BCC di Roma’s financial department decided to find an independent provider to value its structured products, in accordance with industry best practices. We selected SunGard’s Reech for its high quality results, quantitative expertise and sophistication. Reech will also help us remain flexible as our industry develops and the products we trade evolve.”

Gavin Lee, chief operating officer of SunGard’s Reech business unit, said, “BCC di Roma was looking for a transparent solution that could handle a broad range of asset classes, including interest rate, credit, foreign exchange, equity and inflation-linked products. SunGard’s Reech FastVal, which uses SunGard proprietary models and independent market data collated and constructed from several reliable data sources, provides BCC di Roma with a cost-effective, long-term technology solution.”

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