Nextval is FVC's cutting-edge independent valuation service for structured products and derivatives.

Our valuation services cover a broad range of clients and use cases ranging from automated price feeds of very large product sets through to expertly supported services for buy-side firms. Demand can be in direct response to accounting or regulatory requirements or to satisfy internal best practice needs.

Our clients use the Nextval service to comply with UCITS, AIFMD, EMIR, and MiFID II regulations. FVC provides these services to major banks, asset managers, fund administrators, and platforms. With a track record of over 25 years in providing valuations, we support a wide variety of asset types, including equity, fixed income, commodities, FX, and credit.

Nextval combines efficient, flexible and competitive valuation of derivatives and structured products with market-leading financial models, cloud-based technological infrastructure and highly sophisticated online reporting capabilities. The service is powered by our in-house models, developed, tested and utilised to power the company's different services.

Accurate market data is critical to providing valuations and FVC calculates its own "implied" pricing curves daily. We have robust methods to collect and aggregate data from various sources. For liquid indices and stocks, we calculate pricing curves directly while for other underlyings, we may calibrate using alternative instruments and apply a variety of proxy methods.

For our buyside clients, the typical workflow involves submitting a portfolio of instruments, for which we generate valuations on an agreed frequency, typically daily or monthly. Valuations are performed overnight and delivered the following morning by email and uploaded onto the client account on the web portal.

Our comprehensive and direct client support is an important part of the service to assist in price reconciliation and other issues. Our team of experienced analysts is always available to resolve any problems and ensure that our valuation service serves as a critical independent resource to allow our clients to manage their structured products business.