The Department of Finance Canada Extends its Relationship with Reval to Value Complex Bond Options

New York, September 22, 2008 – Reval, a global leader in financial risk management technology solutions and services, announced today that the Department of Finance Canada is utilizing Reval Center, Reval’s independent derivative valuations to provide option fair values for their Canada Savings Bond (CSB) and Canada Premium Bond (CPB) retail bonds.

Reval Center will continue an existing relationship with the Department of Finance Canada to provide valuation of the special redemption features of the CSB and CPB bonds. Under the previous agreement, Reval priced options over $1.9 billion of these types of bonds issued by the Department last year.

In an effort to consistently price embedded options in CSB’s and CPB’s with the Government of Canada Bonds, the Department of Finance Canada is using Reval Center to provide option prices for the structured bonds.

The options are valued under a number of methods taking into account historical redemption patterns, funding costs, and multiple future market environments.

"We are very pleased to continue working with the Government of Canada and look forward to continuing to provide our service to the Department of Finance and its many retail investors of CSBs and CPBs," said Jiro Okochi, CEO and Co-Founder of Reval.

About The Department of Finance Canada

The Department of Finance serves as the government’s primary source of analysis and advice on the economic, fiscal, and tax implications of key government priorities. Its responsibilities include preparing the federal budget, developing tax and tariff policy and legislation, managing federal borrowing on financial markets, administering major transfers of federal funds to the provinces and territories, developing regulatory policy for the country’s financial sector, and representing Canada within international financial institutions.

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 or email

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