Yorkshire Building Society is to use Reech FastVal from SunGard Trading and Risk Systems to value and price structured interest rate and equity instruments.
The UK's third-largest building society - a SunGard customer since 2000 - will access FastVal online to value derivatives elements of new long-term treasury products.
The building society has also licensed Reech Automatic Derivatives Pricer (ADEP), a proprietary language that describes financial products in plain English and provides the value and risk management parameters for them.
Richard Driver, the Yorkshire’s treasury derivatives market manager, says: "We chose Reech FastVal because we needed a system that can accommodate the wide variety of structures that we currently need to value and price, with the flexibility to handle instruments that we might encounter in the future."