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Monitoring and Management...SMV
SMV (Swap Monitoring
and Valuation) is a valuation and reporting service for clients’
derivative transactions. SMV
provides clients with independent “mid-market” valuations of
their swaps, tracks their periodic payments and monitors the swap Provider’s
credit rating and collateral requirements.
SMV was created
by mGIC
in response to the increasing need for information by derivative users
and the new financial reporting standards from GASB to provide a reliable
and independent derivative monitoring service.
SMV provides
current and historical valuations of derivatives. SMV
generates GASB required reports and monitors swap
trade parameters on an on-going basis for valuation thresholds and potential
market opportunities. SMV offers
accuracy checks of provider generated payments and termination values
and can generate historical transaction cash flows. SMV
can also calculate future hypothetical values based
on “what-if” rate scenarios and potential market movements.
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