New York, November 30, 2006 – Reval, a global leader in financial risk management solutions and services, is delighted to announce that Royal & SunAlliance Insurance plc has selected Reval’s HedgeRx® to handle foreign exchange risk management as well as hedge accounting under IAS 39. Reval has over 100 brand name companies worldwide using its derivative risk management and hedge accounting solution delivered under the SaaS or Software-as-a-Service model.
Reval’s solution helps companies resolve their issues with the valuation and documentation of their derivative instruments and allows them to assess the effectiveness of their hedging derivatives to mitigate earnings volatility under the complex rules of IAS 39.
The implementation of HedgeRx also provides treasuries with real-time information on positions, exposures and risk exposures and will reduce processing times and eliminate prior reliance on spreadsheets.
"We are very excited to add Royal & SunAlliance to our stable of brand name insurance companies using HedgeRx" noted Peter Reynolds from Reval. "We look forward to getting them live quickly and effectively so they can start to utilize the tool to manage their risk and comply with IAS 39."
For more information, visit www.reval.com or email email@example.com.
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