Under FAS 133, additional hedge accounting benefits can accrue to clients who can validate and verify that their hedge accounting relates to major projects that span financial reporting periods. This is covered in Derivatives Implementation Guide (DIG) G16.
These are major projects that can involve foreign currency hedging related to non-domestic sourcing of materials.
Reval provides special utilities that allow clients to simplify the time-consuming tasks of managing hedging activities that are directly associated with complex, multi-year projects. Clients can create and manage projects (start and end dates, percent complete, etc.) and manage all hedges associated with the project from one place.
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