Adepa puts at the disposal of the financial sector its Valuation and Financial Models service unit, a specialized department composed by experienced professionals of international background, created to comply with the tightening of controls on pricing requested by UCITS, AIFMD and EMIR regulation and the increasing trend of investments into illiquid, structured and OTC products, due to the recent ultra soft monetary policy.

Bearing this economic environment in mind, the range of services encompass the following :

Independent Valuation

Combining steady financial models and the knowledge of financial markets as well as its drivers, Adepa is in a position to provide an independent valuation of assets.

The service includes:

  • Onboarding of every kind of illiquid bonds and OTC derivatives. Examples are: Index long term structure bonds, FX Options, CDS & CDX, Shout Options, Bond Options, IRS, TRS, Equity Fwd & Opt, Quantos…
  • Price & greeks calculation
  • High-customized periodical reporting
  • Frequent market data review, in order to ensure the correct parameter feeding

Price Challenge

The Price Challenge service has been developed by Adepa to sustain Depositary Banks, Fund Administration and Management Companies to fulfill the new requirements of UCITS and AIFMD.
It provides all round services about portfolio valuation, including:

  • Definition of a compliant Pricing Policy documentation
  • Anomaly thresholds
  • Independent price calculation
  • Possible investigation of pricing anomalies

Hedge Effectiveness

As per the latest IFRS 9 version, new principles should be applied to fairly classify and measure financial assets. Adepa Valuation & Financial Models Department runs both the prospective and the retroactive hedge effectiveness tests. IFRS 9 is effective for annual periods beginning on or after 1 January 2018.

Financial Modeling

Adepa team is ready to develop specific models and studies to support financial institutions in:

  • Investment decision
  • Back-test
  • Scenario analysis
  • Performance calculations
  • Consulting in general


Adepa provides one-to-one and group training sessions, about:

  • securities functioning
  • Back-test
  • Payoff & pricing
  • Credit risk for financial asset