Independent Swap and Bond Valuations by Peter Sceats and Associates

THE NEED FOR INDEPENDENT VALUATION  

Recent well-publicised cases have demonstrated that financial, property and Investment companies can no longer afford to have their bonds/investments valued solely by the issuing bank.  With increased scrutiny being demanded by auditors, tighter regulation inevitable, and pressures from shareholders for balance sheet assurance, the need for independent swap and bond valuation is paramount.

Independent verification of worth can improve fund confidence, and help prevent adverse criticism of fund auditors and the regulator.   The LIBOR debacle and recent investigations into the practices of banking institutions once beyond reproach, has underlined that self-valuation is neither a credible or safe approach for the bond holder, and far less acceptable to investors and shareholders.

Valuation of your swap and bond product by a third party can avoid under-valuation, and valuation incorporating the bank’s “axe”, leaving Funds better benchmarked, able to pass scrutiny from auditors and the regulator, and offering greater transparency for shareholders and investors

SWAP AND BOND VALUATION / BENCHMARKING

Peter Sceats & Associates offer expert third-party independent benchmarking of investment firms' holding of bank issued investment products, and are able to provide daily marks for almost any type of swap or bond product.

We started our interest in valuations though our taking over the business of Tradition Property, the real estate and property derivative arm of the global Tradition Group.  We have been involved in the valuation of swaps and bonds since 2005 and are uniquely structured to provide benchmarks as safe and reconcilable as they are cost effective.  We have particular expertise in real estate linked investment, but now offer independent swap and bond valuations to cover a wide range of commodity and asset classes.

We can also provide swap and bond valuation services to auditors, or as part of preparation for company sale, merger, or flotation .

MIS-SELLING OF SWAPS COMPENSATION LITIGATION SUPPORT  

We can also provide support to litigation teams in regard to mis-selling of swaps.   Services include the discovery of underlying facts, providing understanding of trading patterns or relevant commercial activities, and compare any given situation with usual practice of selling and trading of swaps.

We can provide expert testimony on such issues as pricing trends, valuation and current best practice on swaps trading and contracts, and establish a fair and objective assessment of damages or 'quantum', by the correct historic and current valuation of swaps.

CASE STUDY

We were engaged by a global investment and pensions to benchmark bank issued bonds. The results generated by the application of our valuation model uncovered that the issuing banks interest was being reflected in the self-valuations made by them.

As a result of this the client's fund had been marked to market incorrectly, and at a significant discount than should have been the case had the bonds been valued correctly. The financial implications were considerable, and the client has since established a policy of independent valuations for all their bank issued bonds.

CALL NOW TO DISCUSS YOUR VALUATION REQUIREMENTS

Please don't hesitate to contact us at info@petersceats.net to arrange a no-obligation confidential discussion on your swaps and bonds valuation requirements.

Peter Sceats & Associates  was established in 1992.

Our consultants have many years hands-on trading, consultancy, and strategic expertise in the fields shown here - we know our stuff!  We are used by industry leading organisations to innovate and develop derivative products, markets, indices and risk management products/strategies.

We have strong market recognition in the Real Estate and Energy sectors, and Principal Peter Sceats is a renowned expert witnesss for the Coal sector - having founded the API coal indices and set up and traded the first coal derivative.

We hope you find what you are looking for in our capabilities shown here, please call us for a free informal and confidential discussion regarding your requirements and we will be happy to discuss and advise on an appropriate course of action

 

 

 

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Peter Sceats is Authorised and Regulated by the
FCA
FINANCIAL CONDUCT AUTHORITY
under Controlled Function 'CS30 Customer'
Ref # PXS01521

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CONTACT US

Email:    info@petersceats.net
Main:      +44 (0) 203 102 9610
Mobile:   +44 (0) 7876 472 302
Web:       www.petersceats.net