 | In 2008 TfL received government approval to enter into derivative instruments for the purposes of risk mitigation. This landmark agreement meant that the derivatives programme was closely scrutinized not only by its executive management team, but also by important external bodies which make up the TfL board, including the Mayor of London, Boris Johnson and Her Majesty’s Treasury. Michael Blake in Group Treasury explains how TfL set about finding a Derivative Risk Management Solution, the challenges they faced, and how they saved millions of pounds. Click here to learn how Reval helped TfL save millions of pounds >> >>
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 | As the largest supplier of flat-rolled aluminum products and the largest recycler of used beverage cans in the world, Novelis has significant exposures to commodity and energy prices, exhange rates and interest rates. They needed help accounting for the derivative transactions related to managing these exposures. Both FAS 133 and IAS 39 require companies to assess hedge effectiveness, both prospectively and retrospectively. Novelis turned to Reval to help them conduct regression analysis to assess hedge effectiveness. Click here to learn how Reval helped streamline regression analysis at Novelis Inc. >>
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 | CITIC Pacific had long been in need of a tool to fully address the requirements for accurate, yet independent, valuations. As part of an overhaul of its risk management practices, CITIC chose Reval's outsourced treasury solution, Reval Center, to fulfill all of its requirements in financial instrument valuation and hedge accounting. Bernard Kwan, General Manager of Treasury Risk Management at CITIC, discusses how this process enabled his team to approach its derivatives portfolio management with greater control, speed and ease, improving risk management and transparency for world class corporate governance. Click here to learn how CITIC Pacific effectively manages its derivatives with greater control and transparency >>
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 | With increasing market volatility, Microsoft's approach to risk management became more granular, and option structures more sophisticated. Patrick Boyer, Group Manager, Treasury Controllers Group and team knew they needed a more robust system to accommodate expanding and increasingly complex hedge accounting requirements. Microsoft quickly identified Reval as an industry leader in this space and selected Reval to measure hedge effectiveness. Click here to find out how Reval helped Microsoft approach the challenges of hedge accounting >>
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 | Alnoor Visram, General Manager of Finance and Operations at Mitsubishi Corporation Finance PLC needed to address it's revaluation and prospective hedge effectiveness calculations needs. As the treasury center for all of Mitsubishi's business units in Europe, Visram and team sought Reval to develop a module for complex interest rate revaluations which is now part of their core hedge accounting system. Click here to learn how Reval helped Mitsubishi manage complex IR revaluations >>
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 | Christopher Berris, Assistant Group Treasurer at Hunting PLC, an international energy services provider to the world’s leading oil and gas concerns in the upstream sector seeks hedge accounting treatments whenever and wherever possible as part of their global treasury activities. As the group treasury department spans across mutiple continents, they knew that they needed more than spreadsheets to handle their FX hedging and valuations. The company chose Reval® to get their hedge accounting under control. Click here to learn how Hunting strengthened their FX hedge accounting processes using Reval >>
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 | John Kidd, Partner in charge of Deloitte Touche Tohmatsu's advisory group sought a specialized hedge accounting solution. The hedge accounting demands generated by Deloitte's 150+ clients had escalated dramatically. Reliance on spreadsheets to provide hedge accounting services was becoming problematic.
The firm chose Reval® to support its own advisory staff.
The Reval benefits:
Use Reval market data and save staff time spent gathering historic data from external market information sources.
Gain the ability to use regression to evaluate hedge effectiveness.
Produce requisite hedge accounting documentation needed for assessment and measurement.
Respond quickly to evolving accounting standards.
Click here to find out how Deloitte Touche Tohmatsu outsourced their hedge accounting to Reval >>
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 | Romy Peelman, Manager of Accounting and Tax at Sappi, a major multinational manufacturer of paper and chemical cellulose knew change was needed. Romy and the team at Sappi felt it was time to move away from their reliance on bank-supplied valuations and associated tools. Their hedge accounting demands required to comply with IAS 39 and IFRS 7 had grown increasingly complex. So the company chose Reval® because “it was reliable and an independent supplier with SAS 70 Type II certification.”
The Reval benefits:
Improved ability to select the optimal hedging instrument for different exposure types and improved ability to value interest rate derivatives, calculate fair value of fixed rate debt, measure hedge effectiveness, and conduct stress testing.
Click here to learn how Sappi implemented hedge accounting by using Reval >>
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