Reval Announces Release of HedgeRx Version 3.2

New York, October 1, 2003 – Reval, a provider of financial risk management technology solutions and services, today announced the details of HedgeRx Version 3.2. HedgeRx is a Web-hosted application that delivers comprehensive front-to-back office capabilities for managing interest rate, foreign exchange, and commodity hedging portfolios to enable corporations to comply with complex derivative accounting regulations FAS 133 and IAS 39.

New in Version 3.2 is instrument coverage for Hong Kong Dollar Interest Swaps and FX barrier options as well as discount debt instrument support and unwinds for interest rate products. Version 3.2 also includes the following enhancements:

Additional money market functionality, giving HedgeRx more extensive coverage of money market instruments.

Payment forecasting, which is particularly useful for commodity purchasing entities, both within treasury and for procurement groups.

Settlements enhancements, including support for automatic netting and flexible exporting interfaces to industry-standard systems.

Jiro Okochi, CEO of Reval, said, "The depth of HedgeRx’s functionality versus competitive products is unrivaled. Version 3.2 increases HedgeRx’s global reach, enabling us to better address the complex needs of our multinational clients who are starting to prepare for IAS 39." Okochi also shared that Reval has signed three new clients in the last week, including international clients.


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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