Guide
Independent Price Verification (IPV): automated and explainable
Independent Price Verification derives a single golden price for each instrument across vendor feeds — by a configurable priority waterfall — then reconciles it against the book and flags every tolerance breach. The AI drafts the rules in plain English; a deterministic engine selects the price and computes every variance.
How it works
What you get
- Golden price derivation — consolidate 5–6 vendor prices per instrument by priority.
- Configurable waterfall — define the source hierarchy and tolerances in plain English.
- Tolerance-breach flags — every price outside tolerance vs the book flagged.
- Winning source & reason — see which feed won and why, per instrument.
- Stale & outlier detection — catch stale or outlier marks on illiquid instruments.
- Auditable IPV report — defensible evidence for controls and the pricing committee.
Automated IPV vs. a pricing spreadsheet
A manual IPV spreadsheet with per-vendor tabs and VLOOKUPs is slow, brittle and hard to defend in review. Automated IPV derives the golden price by a transparent, configurable waterfall and computes every variance deterministically — with the winning source and reason per instrument, ready for audit.
This is one of 20+ checks in AI data validation — the same engine also runs reconciliation, data quality, profiling, document compare and governance. For sensitive data, the full dataset never leaves your server; see the security page.
FAQ
What is Independent Price Verification (IPV)?
IPV independently checks the prices used to value a book against external sources. AI DataValidator derives a golden price for each instrument across vendor feeds by a configurable priority waterfall, reconciles it against the book, and flags every tolerance breach — with the winning source and reason, deterministically computed.
Can it consolidate several vendor feeds?
Yes — consolidate 5–6 vendor prices per instrument in one run and select the golden value by your defined priority hierarchy (primary vendor first, fallbacks in order).
Does it flag stale or outlier prices?
Yes. It flags tolerance breaches vs the book and detects stale or outlier marks, which matters for illiquid or hard-to-value instruments.
Is the output defensible for audit?
Yes — every golden-price selection and variance is computed by a deterministic engine and logged, giving an auditable IPV report for pricing committees and controls.
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Derive a golden price across vendor feeds, verify vs the book, and flag every breach — explainably.
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