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DerivActiv, LLC
Completes Annual SAS 70
Examination
Independent Audit Assures Customers of Consistent, Stable and Secure Operations
Minneapolis, MN - June 5, 2008 - DerivActiv, LLC, a leading provider of independent valuations for fixed income, currency, and equity derivatives,
today announced it has obtained its annual Statement of Auditing Standard No. 70 (SAS 70) examination report. This report helps to validate
the controls and security measures within DerivActivs corporate headquarters located in Minneapolis, Minnesota. The objective of the
SAS 70 review was to provide DerivActivs board, management team and customers with an independent examination of the applicable internal
controls relating to its financial derivative valuation business.
"Organizations looking to outsource the critical function of providing independent valuations of their financial products, including derivatives
and securities, should require third-party reviews to be performed on their service providers internal controls, said John Trefethen
, chief financial officer of DerivActiv, LLC. DerivActiv customers can be assured that with the completion of our SAS 70 audit, our valuation
service continues to be consistent, stable and secure.
Many companies and their auditors, especially financial services and other highly regulated organizations, require credible proof that a third-party
provider of information used in financial statements has processes and controls in place for a secure environment for provision of independent
valuations. Issued under guidance established by the American Institute of Certified Public Accountants, the SAS 70 report provides assurances
regarding specific control and security objectives that DerivActiv has designed. A third-party review of a service providers security
and operational controls, especially when financial data is involved, is becoming increasingly necessary in todays marketplace. Obtaining
the SAS 70 certification demonstrates compliance with the standard of due care for security and risk controls and creates an immediate trust
between partners and their auditors.
For more information visit www.DerivActiv.com or e-mail info@derivactiv.com
About DerivActiv
DerivActiv, LLC is a leading provider of web-based derivative valuation and other financial monitoring services, serving financial institutions, corporations, non-profits, and municipalities. DerivActiv provides daily valuations of financial products, including equity, currency and fixed income securities and derivatives. DerivActiv is used for FAS 133, 161,Topic 820 (FAS 157) and GASB 53 compliance in financial statements, board and finance committee reports, and as an internal risk management tool. For more information call 1-866-200-9012, or visit the company’s website at www.DerivActiv.com.
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