The latest release of Reval’s HedgeRx derivative hedging management system, Version 3.0, contains a new General Ledger Module for creating and managing accounting entries. The new release also includes enhancements to HedgeRx’s commodities management, risk management and FAS 133/IAS 39 functionality. The General Ledger Module provides built-in accounting and straight through processing to client accounting systems. Until now, clients would manually create the debits and credits from the HedgeRx output and transfer them to their internal accounting systems. Improvements to HedgeRx’s Advanced FAS 133 Module include a new ‘Quick Link’ feature allows users to create hedge designations at a click of a button. The new release also expands coverage to include Swedish Krona/Euro FX options, Swedish Krona interest rate swaps, and Australian Dollar interest rate swaps and offers up to two years of historical pricing data available to clients using Reval’s application service provider (ASP) delivery platform.
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