Independent price verification (IPV) is an increasingly important process requirement to support finance and risk functions across a wide range of financial institutions. The core IPV process demands that internal prices are verified against independent third party sources.
Significant discrepancies between the internal and independent prices above a certain threshold then trigger an investigation. It is important to note that this threshold is typically set in relation to the exposure that a firm has to a given asset (or liability). That means as part of the price verification process, firms need to collect up to date information relating to exposures (delta, vega and cash positions).
The Xenomorph IPV solution provides an automated framework for managing IPV workflows. It enables a strong governance model with clear rules and centres of competence – enabling price data management, straight through processing, the handling of exceptions by the correct experts, and clear oversight of the health of the IPV process.
Download our factsheet to learn more about Xenomorph’s independent price verification solution.