Building a system to value internally the most complex financial transactions gives Toyota Financial Services (TFS) a position of strength when negotiating with its financial counterparties.
Prior to building its Valuation Center of Excellence, TFS valued simpler financial transactions internally and relied on counterparty valuations for the more complex ones. Executive management and auditors were concerned about the company's valuations, and reporting them in financial statements, stunting its ability to diversify funding and hedging sources to support growth.
"Valuations are a core competency for growth and success, and that ability helps us maintain funding competitiveness, visibility into financial statements and manage our counterparty credit risk," says Vanita Aggarwal, director of treasury risk and analytics at TFS.
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