New York, November 22, 2006 – Reval announced today that it has won the prestigious award for ‘Best Treasury Workstation Provider of an IAS 39 Solution’ at the 2006 TMI Awards for Innovation and Excellence in Treasury & Risk Management. Reval is the leading derivatives risk management and hedge accounting solutions provider delivered under the SaaS or Software-as-a-Solution model and has a client base of over 100 companies.
The TMI awards recognize best practices among banking, treasury technology and treasury advisory sectors in accordance with corporate treasury requirements. The criteria for selecting the winners are based on the flexibility to meet evolving interpretations of compliance requirements and the ability to provide complete and transparent compliance with regulations and legislative requirements of IAS 39 and FAS 133. The nominations and votes for the TMI awards are provided by large companies and leading analyst firms and consultants.
"This award is a confirmation of what we already suspected" noted Peter Reynolds, VP Sales EMEA of Reval. "We have worked tirelessly to make sure that our clients can comply with IAS 39 and it is great for us to be recognized in this way."
Reval’s HedgeRx is a front-to-back office derivatives and exposure management system for companies hedging Foreign Exchange, Interest Rate, Energy or Commodity risk. It offers a robust best of breed solution for compliance and risk management needs and boasts the largest number of "live" IAS 39 installations.
"Our success in this space has been based not just on our understanding of the accounting rules, but also on our expertise in financial engineering and risk management which has enabled us to offer our clients the flexibility and the transparency needed to best achieve hedge accounting" said Jiro Okochi, Reval’s CEO and Co-founder. "We are very proud to receive this award and would like to thank all of the clients who nominated and voted for us."
For more information, visit www.reval.com or email firstname.lastname@example.org.
Note to editors: Trademarks and registered trademarks remain the property of their respective owners.