Case Studies

Our client success stories demonstrate how Reval helps companies achieve effective hedge accounting and manage their risk and business goals through forward-looking solutions by relying on Reval’s three core competencies, Derivatives, Accounting, and Technology. These strengths allow Reval to provide independent valuations of derivative transactions and to assist with the hedge accounting of foreign exchange, interest rates, energy, credit, commodities, and other asset classes under FAS 133, FAS 157, IAS 39, and IFRS 7.

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Improving Risk Management and Transparency at CITIC Pacific

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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FX Hedging at Hunting PLC

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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Microsoft's Practical Approach to Derivatives Risk Management

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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Managing Risk at Mitsubishi Corporation Finance PLC

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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Royal Caribbean's Year in Risk Management

Ashish Advani, Director of Derivatives at Royal Caribbean International (RCL) discusses their first year in hedge accounting and the challenges they faced. RCL originally chose Reval® to improve manageability of IR risk associated with hedge accounting and produce more reliable, transparent results by using a constant methodology. RCL continues to depend on Reval to meet their ever growing hedge accounting requirements.

Click here to find out how Reval helped Royal Caribbean manage their first year of hedge accounting and derivative risk management >>

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Implementing Hedge Accounting at Sappi

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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Deloitte Touche Tohmatsu Outsources to Reval

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 >>

Regulatory Comment Letters