Transaction Level Modeling (TLM) approach is used to meet the simulation speed as well as cycle accuracy for large scale SoC performance analysis. We implemented a transaction-level model of a proprietary bus called AHB+ which supports an extended AMBA2.0 protocol. The AHB+ transaction-level model shows 353 times faster than pin-accurate RTL model while maintaining 97% of accuracy on average. We also present the development procedure of TLM of a bus architecture.