Ernst & Young Australia Selects Reval for Derivative Valuations and Hedge Accounting

Sydney, 14 September, 2009Reval, the global leader in derivative risk management and hedge accounting solutions and services, announced today that Ernst & Young Australia has selected its award-winning Software-as-a-Service platform, Reval®, to meet derivative valuation and hedge accounting needs. The selection of Reval’s solution comes at a critical time as increasingly stringent hedge accounting regulatory requirements and derivative valuations are becoming a strong focus for Big 4 auditing firms and their clients.

“Ernst & Young Australia’s signing on for Reval further confirms our market leadership and validates our valuation models and hedge accounting capabilities” said Tony Singleton, Managing Director, APAC. “This brings the total count to three out of the Big 4 auditing firms using Reval, which is testament to our proven track record and best-of-breed solution.”

Ernst & Young Australia will be rolling out the Reval platform throughout its Australian offices to improve turnaround time and better service their clients. Ernst & Young Australia will use the Reval platform to generate portfolio valuations, perform credit adjusted fair values and test compliance with IAS 39 and IFRS 7 reporting requirements, providing greater efficiency to the workflow process.

About Reval

Reval is a global SaaS provider for Treasury and Risk Management, helping enterprises better manage cash, liquidity and financial risk, and account for and report on complex financial instruments and hedging activities.

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