RTL Group Selects Reval for its IAS 39, IRFS 7 and Derivative Valuation Expertise

New York, December 5, 2007 – Reval, a global leader in financial risk management solutions and services, is delighted to announce that RTL Group has selected Reval’s HedgeRx® to handle foreign exchange and interest rate risk management.

RTL Group, the leading European Entertainment Network, is based in Luxembourg and is the number one TV and Radio Broadcasting in Europe with 38 TV channels and 32 Radio stations in 10 countries. RTL chose Reval for its comprehensive and unique Web-based derivatives risk management solution that will enable the firm to deal with the complex problems surrounding hedge accounting under IAS 39, stress testing under IFRS 7 and both simple and complex derivative valuations.

Reval’s HedgeRx solution will help RTL resolve their issues with the valuation and documentation of their interest rate and foreign exchange instruments and will allow them to assess the effectiveness of hedging derivatives to mitigate earnings volatility.

"Corporate Treasurers need robust tools for calculating the effectiveness of hedging instruments and for running IFRS 7 stress tests. RTL wanted to provide external auditors with independent derivative valuations for the entire portfolio of instruments. The Fair Value measurement becomes more than ever essential for international groups, it is the reason why we decided to adopt a top quality product." noted François Masquelier, Senior Vice President, Head of Treasury & Corporate Finance at RTL Group.

The implementation of HedgeRx is expected to go live before the end of 2007 to provide treasury managers with real-time information on positions, exposures and profitability and to reduce processing times and eliminate prior reliance on spreadsheets.

"We are very excited to be working with a company as prestigious as RTL Group," noted Peter Reynolds, Reval’s Vice President of EMEA. "Key to RTL’s decision to select Reval was the valuation of complex FX products such as barrier options, the correct hedge accounting documentation and the required stress testing under IFRS. It’s wonderful that we could address these challenges and we look forward to a long standing relationship with RTL Group and expanding our business in the region."

 

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.

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