New York, December 16, 2005 – Reval, a provider of financial risk management technology solutions and services, is pleased to announce that Anglian Water Services Ltd has selected Reval’s HedgeRx® for interest rate and foreign exchange risk management and IAS 39 reporting. As part of the deployment, Reval will build indexed linked functionality so that Anglian Water can manage its Retail Price Index linked exposures. As the main operating subsidiary of AWG, it provides water services to 4.7 million people across East Anglia and the East Midlands, supplying more than 1.2 billion liters of water daily. The company also provides sewerage services to 5.5 million people.
Reval’s presence in Europe continues to grow rapidly and, with Anglian Water, the company now provides services to 5 major utility companies based in the UK.
"We are clearly delighted to be working with Anglian Water," notes Peter Reynolds, Director of European Sales of Reval. "Being experts in the complicated hedge accounting standards we are able to listen, adapt and deliver exactly what our clients need. We look forward to implementing our latest client and working closely with them in the future".
Jane Pilcher, Treasurer of Anglian Water Services, said "Anglian Water is looking forward to working with Reval in their implementation of a simplified IAS39 reporting process".
About Anglian Water Services Limited
Anglian Water is part of the AWG Plc group. It is geographically the largest water company within England and Wales and provides water services to 4.7 million people and sewerage services to 5.5 million across East Anglia and the East Midlands.
Our region, some 27,500 square kilometres, stretches from the Humber in the north to the Thames in the south, from Daventry in the west across to the east coast.
Anglian Water’s primary focus is to provide high quality drinking water and wastewater services with a total commitment to sustainable development.
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