20 Jun 2016

V-FI Europe Conference 2016

See us at our booth at the V-FI Europe Conference in London June 22-23

19 Jun 2016

Markit acquires Prism Valuation

This is an exciting opportunity for Prism as it opens new areas to expand and improve our valuation and analytics service for complex derivatives and structured notes.

Keldon Drudge, founder and CEO of Prism Valuation, said: “Markit’s scale and global reach will allow us to better support our customers and will also accelerate innovation and further development of our platform. Our shared focus on providing independent, high quality valuations will help firms comply with evolving regulatory requirements and satisfy investors’ risk management demands.”

20 Oct 2015

Software Tester

Prism Valuation is looking for a highly enthusiastic and talented person to fulfill a role as a software tester based in Toronto. They will be responsible to collaborate with testers and developers to design, implement, and execute test cases prior to releases into our in-house valuation and analysis infrastructure, as well as our client-facing web portal.

The ideal candidate is able to appreciate the balance between customer needs and business risks. Experience in an industry where managing these trade-offs regularly occur such as finance or health care is preferred.


- Good knowledge of at least one programming language

- Knowledge of Excel and/or VBA

- Experience in editing or writing effective documentation

- Experience in regression testing, functional testing and GUI testing.

- Experience with test case management, bug tracking software, and revision control systems.

For a full job description contact

30 Sep 2015

Pricing, Trading & Risk Seminar NYC

Prism Valuation is pleased to be part of the panel session: Evolution of the IPV Desk.  SCIs 8th Annual Pricing, Trading & Risk Seminar

26 Apr 2015

Valuation Conference

Prism Valuation is excited to be lead sponsor at the upcoming conference Asset Valuation for Buy Side Forms. For details see
Quote VIP code FKM62984PRISM for a discount when registering.

12 Apr 2015

New white paper: Negative Interest Rates and Derivatives Valuations

There are several places in derivatives processing, trade entry and valuation where negative rates have the potential to cause serious difficulties. In addition, many standard pricing models simply do not allow the possibility of negative rates and must be modified or replaced in this environment.

For the full paper please send a request to

16 Feb 2015

P&L Amortisation

We have updated our white paper On Structured Note Valuations to include a section on "P&L Amortisation" and its relation to fair value of OTC derivatives pricing. For the full paper please send a request to

10 Feb 2015

Swiss Financial Market Supervisory Authority (FINMA) Swiss Solvency Testing (SST)

Prism Valuation is now offering analysis of assets under SST scenarios.  The SST scenario analysis is a key input in determining economic capital of Swiss life insurers.  The SST scenario set consists of 82 independent market risk factors and cross scenarios of the factors totaling in excess of 4,000 risk scenarios.  The range of market factors consists of up and down shocks to interest rates, FX rates, credit spreads, equity spots and equity volatility.  For more information on this or other bespoke stress analysis contact

03 Nov 2014

New white paper - CSA Implied Discounting of OTC Derivatives

The implication is that the choice of base currency dictated by the CSA is important. To put it bluntly, even vanilla derivatives are complex in the post-crisis world.
For the full paper please send a request to

17 Aug 2014

New white paper - On Structured Note Valuations

Typically price challenges arise in two ways: When instruments exhibit large day over day changes in valuation, or when valuations differ from some alternate valuation by an amount which exceeds some threshold.
For the full paper please send a request to

05 Aug 2014

Defensible Valuations

A defensible valuation is one which will meet or exceed requirements for quality and transparency set by auditors, regulators, risk management departments and clients, Greg Cripps.  Read Greg Cripps further thoughts on defensible derivative valuations in the Valuation Risk Handbook (2014) published by Voltaire Advisors (may be obtained from This publication provides a true state of the nation picture of the current landscape for valuations of financial assets.

15 Jun 2014


We are looking for a highly enthusiastic and talented entry level person to assist with our daily data capture process. Your primary responsibilities will be to assist with the daily monitoring and maintenance of our various capture
and filtering processes, and to aid in the design and implementation of new
or improved processes.
The ideal candidate will possess excellent communication skills and a proactive mindset as well as hold a degree in a quantitative discipline (physics, mathematics, engineering, computer science, etc.). Because Prism is a small yet rapidly growing organization, the position requires flexibility and independence, as well as the ability to produce high quality work in a timely fashion without extensive managerial oversight. The position is located in Toronto.
Please send resumes/ cover letters to

20 May 2014

Prism Valuation Lead partner for Valuation & Pricing for Buy-Side Firms (July 8-9, London, UK)

This is a unique opportunity for Asset Owners, Managers and Administrators to benchmark interpretation and adherence to their latest AIFMD, UCITS and OTC regulatory reforms and client requirements.
o Clarify regulatory requirements including AIFMD and OTC reform
o Hear how your peers' valuation governance and controls are structured
o Gain insights into fair value and risk management best practice
o Pose questions during the asset manager and market data provider panel session

06 Jan 2014

Melbourne Office Opens

Prism Valuation has opened an office in Melbourne, Australia to provide comprehensive client support in this time zone from January 2014. This full support service extends from data transfer queries, deal booking, revaluation requests, valuation challenges and general product support. Together with offices in London and Toronto, Prism offers global 24 hour dedicated client support coverage for Europe, Americas and Asia-Pac regions.

01 Aug 2013

Prism Valuation Custom Index Option Valuation Service

Increasingly investors are turning to alternative and bespoke equity indices to realize investment strategies, as the universe of public equity indices is not always sufficient to express particular market views. Typical custom indices target strategies including industry, sector, dividend, long/short, small/mid/large cap, ethical, or others, or combinations of these. Prism Valuation offers valuation service on investor defined custom indices in all markets including North America, South America, Eurozone, Asia and Australia. The valuation service includes valuation of the custom index and of options with custom index underlyings. Sensitivities to underlying market moves and other risk factors are also provided.

12 Jun 2013

Prism Valuation enhances Lat-Am Derivative Valuation Service

Prism Valuation has recently introduced two enhancements to its Derivative Valuation Service for Lat-Am products. Prism Valuation now offers its clients the choice of discounting valuations for Brazilian Real (BRL) CDI zero coupon swaps using a curve constructed from USD/BRL non-deliverable forwards and swaps. This is in addition to the already existing option of allowing forecasting of the forward CDI rates using either an on-shore or an off-shore curve. The non-deliverable curve discounting option is now being delivered to several clients trading these instruments. In addition, Prism has recently added support for the valuation of Colombian Peso (COP) OIS swaps, which can also be discounted using deliverable or non-deliverable curves. In addition to BRL and COP, Prism currently delivers IRS and other derivative valuations for Chilean Peso (CLP), Mexican Peso (MXN) and Peruvian Nuevo Sol (PEN) in the Lat-Am region. "Supporting non-deliverable discounting for BRL and other Lat-Am and Asian interest rate swap types reflects Prism's continuing commitment to providing a flexible, robust framework to meet clients' derivative valuation requirements. We are always willing to make the effort to broaden our coverage and utilize emerging methodologies in order to deliver the best possible service" comments Keldon Drudge, CEO.

05 Jun 2013

Kevin Borrett joins Prism Valuation

Prism Valuation is pleased to announce the addition of Kevin Borrett to the team effective immediately. Kevin will be assisting with sales, business strategy and marketing. Kevin is based in London UK. Kevin brings with him 25 years experience in Investment Banking, Investment Management and Derivative Valuation Services. His experience has covered all asset classes and functional areas from sales, product development to operations. Kevin may be contacted at "We are very excited to have someone with Kevin's breadth and depth of experience joining our team" said Greg Cripps, President.

16 May 2013

Join Prism Valuation on Facebook