Reval Announces Version 8.1 of HedgeRx with New Structured Interest Rate Product Module, Continuing its Breadth of Coverage Across Multi Asset Classes

Booth 910, AFP Annual Conference, Los Angeles, October 20, 2008  - Reval, a global leader in financial risk management and hedge accounting solutions and services delivered under the Software-as-a-Service (SaaS) model, announced today the release of its latest upgrade of HedgeRx® Version 8.1. Once again, Reval is at the forefront of hedge accounting with the addition of a new Structured Interest Rate and Credit modules and expanded compliance reporting for IFRS 7, FAS 161 and FAS 157. Companies now have the flexibility to accurately fair value derivatives in light of today’s volatile market conditions and increased regulatory scrutiny.

Reval is consistently viewed as the leader in treasury compliance and helps its Global 2000 clients with the complexities of accounting regulations as they relate to derivatives. Reval’s Software-as-a-Service platform delivers an instantaneous, seamless single version upgrade, ensuring over 200 clients benefit immediately from the new functionality.

With a multi-asset class solution now covering foreign exchange, interest rates, exotic interest rates, credit, energy and commodities, Reval is truly a best-of-breed solution that caters to the complexities of multi-national corporations’ hedging strategies. 

Exotic Interest Rate Product Module

Financial institutions and corporations can now value and hedge account for a wider variety of products using Reval HedgeRx®, ensuring consistency of valuation models and market data. New product coverage includes:

  • Dual Currency bonds
  • Power Reverse Dual Currency bonds and swaps
  • Cancelable Cross Currency swaps
  • CMS Spread formula bonds and swaps
  • Inverse Floating bonds and swaps
  • Floating, capped and floored bonds and swaps
  • Step-up and fixed-to floating bonds and swaps

 Compliance Reporting – IFRS 7 and FAS 161

New global accounting standards now require further reporting on financial instrument exposures and risk management. To cater to these new requirements and keep abreast of clients’ needs, Reval has made a number of enhancements to their reporting capabilities, including the following:

  • Derivatives and underlyings can be reported on by asset class – greater supporting disclosure and reporting purposes
  • Reporting to support long term hedging programs with OCI release extended to forecast out to 5 years and details of breakdown from OCI release to P&L
  • Stress testing reports can now take account of hedge relationships and allocate the impact of a stress between equity and profit and loss

"In times like these, one application that supports accurate Level 1, 2 and 3 valuations across multiple asset classes with transparent market data is a great asset to any organization," said Philip Pettinato, COO of Reval. "We strive to work closely with our clients in understanding their needs and delivering solutions equipped to deal with the changing environment and increasing challenges they face."

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.

For more information, visit www.reval.com or email info@reval.com.

Note to editors: Trademarks and registered trademarks remain the property of their respective owners.