Rate Validation Services (RVS)
Rate Validation Services is the leading independent provider of derivative pricing services for the OTC Global Derivative Markets.
RVS has pioneered the use of Transaction Evidence to Back Test Consensus+ information, combined with a market leading approach to governance, in the creation and calculation of financial rate sets, benchmarks, indices and surfaces.
Accuracy and transparency are key to ensuring the integrity of calculations.
RVS utilises transaction evidence in accordance with the latest industry recommendations (IOSCO Principles for Financial Benchmarks) and to satisfy legislation, such as PruVal, FRTB and MiFIDII.
The RVS Consensus+ Services cover all OTC products, increase Banks’ capital efficiency, improve Banks’ risk and valuation management processes and reduce the risk of manipulation and malpractice.
RVS was founded in 2009 (RVS has operations in Asia, Europe and Australia) to improve the ability of Global Banks to support their book valuations of illiquid assets and liabilities, following the Global Financial Crisis.
In a world of complex and opaque financial products, RVS delivers transparency and accuracy to the valuation and validation process.