PVS was delivered on-time and on-budget and has been running successfully at the Bank for over two years. PVS has performed reliably and consistently throughout. The rollout took place in stages to the various Price Zones and is now completed. The Bank benefits from an elegant solution to all their Single Price Conformity needs. The Business has gained the timely delivery of verified prices for all traded instruments, while Compliance can demonstrate full adherence to all Regulatory requirements.

As the Bank also wished to have the capacity to process Time Series and historic data, PVS was successfully tested to one million instrument throughput.

The Bank now benefits from a fully compliant application that meets and exceeds their initial requirements. PVS integrated easily with the Bank’s technologies and systems and is a hosted application on their Applications Platform.

Total real-time visibility, true transparency and configurability have been listed by the Bank as the key benefits that gain each day in this time-critical area.

The scope of PVS was extended in 2006 to include the processing of intra-day prices, bringing the same disciplines and benefits to Market Conformity Control.