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RVS Revs RAVA Down Under

Australia

Singapore-based end-of-day benchmark data provider Rate Validation Services (RVS) will launch a new rate validation service for Australian banks, developed in partnership with the Australian Financial Markets Association (AFMA).

The service, dubbed AFMA RAVA, will provide market participants with a single system for multi-source, validated end-of-day prices across all asset classes. RVS Qualitative Evidential Data, the global version of AFMA RAVA, is currently in a proof of concept with 20 global banks in London.

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