KPMG in Turkey has chosen SuperDerivatives real-time, multi-asset options pricing and analytics platform for foreign currencies and interest rates.
KPMG in Turkey joins other “Big 4” accounting offices in standardising on SuperDerivatives platform for the accurate verification of its audit clients portfolios. This allows KPMG auditors to ensure that their clients adhere to standards such as IAS 39, FAS 133, FAS 157 and the upcoming FAS 161 which strictly demands “fair market value” pricing of derivatives.
KPMG in Turkey is a member firm of KPMG, a global network of professional firms providing audit, tax, and advisory services, operating in 145 countries.
“Both external auditors and internal risk controllers find that, given the recent financial crisis and increasingly stringent reporting regulations, they demand precise, market-relevant valuation and risk analysis tools. Determining the correct price of derivatives can only be achieved with well chosen, verified market data, in conjunction with a scientifically sound model and continuous calibration to the actual traded market,” says Ed Crouch, global head of corporate development and strategy, SuperDerivatives.
SuperDerivatives real-time pricing and analytics platform is widely recognised as the de-facto standard for trading and managing options. It supports all major asset classes and instruments from vanillas to more than 100 types of popular exotics and structures as well as virtually any traded currency pair – both major and emerging. All SuperDerivatives platforms are fueled by the companys market data which is independently sourced from a qualified global network of rate providers.