Software provides hedge effectiveness testing.
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Press Release Summary:
With The Perfect Hedge, users can measure hedge effectiveness and risk for interest rate and foreign exchange hedges. Web-based system enables users to calculate value-at-risk and conduct scenario analysis tests for variety of derivative and debt instruments. Combining analytics, market data, and methodologies for prospective and retrospective hedge effectiveness testing, system helps meet hedge accounting regulatory requirements, including FAS 133, IAS 39, and CICA 3865.
Original Press Release:
FINCAD Provides Hedge Effectiveness Testing with the Perfect Hedge
FINCAD offers compliance tools for FAS 133, IAS 39 and CICA 3865
VANCOUVER, British Columbia, Feb. 26 /-- In response to growing demand on corporations for an accurate and cost effective solution to measure hedge effectiveness and meet hedge accounting regulatory requirements, including FAS 133, IAS 39 and CICA 3865, FINCAD today announced enhancements to FINCAD's The Perfect Hedge to enable corporate treasurers, risk managers, auditors, analysts, and service providers to better measure hedge effectiveness and risk for interest rate and foreign exchange hedges.
The Perfect Hedge, a web-based system, enables users to calculate value-at-risk (VaR), and conduct scenario analysis tests for a variety of derivative and debt instruments. As a stand-alone solution for hedge effectiveness testing, The Perfect Hedge is designed for the middle office and back office within treasury and accounting departments.
The Perfect Hedge combines industry-standard analytics, reliable market data, and proven methodologies for prospective and retrospective hedge effectiveness testing. It reduces operational risk for users by providing fully documented and auditable calculations, analytics, model assumptions, and market data.
"The rules of the game have tightened again - we are now seeing unprecedented levels of scrutiny and requirements for firms to show procedural consistency and accountability," said Dr. Mayiz Habbal, Senior Vice President, Head of Capital Markets, Celent. "Firms will need to find ways to more efficiently comply with onerous aspects of tighter regulations and accounting standards."
"We're dedicated to client-centric innovation. With input from accounting and regulatory experts, we've created The Perfect Hedge to provide proven, accurate and transparent hedge effectiveness measurements," said Bob Park, President and CEO, FINCAD. "With The Perfect Hedge, we enable our clients to understand their hedges, analyze how derivatives perform in the market and better assess their risk."
About FINCAD
Founded in 1990, FINCAD provides software and services supporting the valuation and risk management of cross-asset class derivatives and fixed income securities to banks, corporate treasuries, asset management firms, auditors, and governments. FINCAD is the industry standard for financial analytics used by more than 35,000 financial professionals in over 80 countries. Over 70 FINCAD Alliance Partners embed FINCAD analytics within their solutions. FINCAD provides sales and client services from Dublin, Ireland and Vancouver, Canada. For additional information, visit www.fincad.com.
CONTACT: Armita Seyedalikhani of FINCAD, +1-604-957-1222, a.seyedalikhani@fincad.com
Web Site: www.fincad.com/
