New York, May 1, 2001 – Reval is pleased to announce the release of Version 1.20. The 1.20 version enhances the risk-management suite with a new module, some new products, and a number of system enhancements. A new stress-testing module is one of the highlights of the release. It allows the user to test various scenarios by manipulating the yield curves with up-and-down parallel shifts, tilts, and twists; thus enabling the analysis of single and multiple scenarios in an easy-to-use fashion.
The second key enhancement is Reval’s readiness for the Derivatives Implementation Group released Issue, No. G20, "Cash Flow Hedges: Assessing and Measuring the Effectiveness of an Option Used in a Cash Flow Hedge." Reval’s Treasury Management System now offers four methods for measuring option effectiveness, including the hypothetical derivative methodology.
"The advantage of the ASP (Applications Service Provider) model is that these new features and enhancements will already be on-line. So the upgrade is virtually seamless and immediate to the customer. There is no delay in implementation because Reval does not have to gain access to individual customer systems, install the new software, and test the installation," says Jiro Okochi, CEO and Co-Founder.
The new release is the second since the product went live at the beginning of the year. "The enhancements achieve two objectives. The first is to complete the first level offering, which provides corporate treasurers with the product and functionality coverage they need. Secondly, enhancements were made based on the feedback from our customers," said Phil Pettinato, the COO.
Reval’s customers, such as ANC Rental Corporation, Countrywide Home Loans, and Waste Management, are very pleased with the system. As Lee A. McCormick, Assistant Treasurer of Waste Management says, "Reval’s FAS 133 derivatives reporting software has consistently impressed both Waste Management and our outside auditors with its flexibility and detailed reporting. After extensively testing various FAS 133 applications on the market, Waste Management selected Reval for their software quality and commitment to customer service and product development."
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