Fincad, a provider of derivatives analytics, has launched the Fincad Derivatives Transparency Scorecard, which allows financial professionals to determine the level of transparency and auditor-readiness of their derivatives valuation process.
The scorecard is a component of the company’s online educational programme, which was developed to help corporate treasuries better manage their financial risk. In today’s uncertain business environment and ongoing changes to financial regulations, corporate treasuries need to ensure that their financial instruments’ valuation process complies with regulations such as Topic 820 (formerly FAS 157), IFRS 7, FAS 133, and IAS 39. This scorecard helps them gauge how prepared they are.
“We’ve noticed an overwhelming need for information and educational material for corporate treasuries to help them better understand and manage their company’s financial risk,” said Bob Park, president and chief executive officer (CEO), Fincad. “The Fincad Derivatives Transparency Scorecard is designed to shed light on how transparent and auditor-ready a company’s derivatives valuation process truly is. Equipping treasuries with this information will save a great deal of time and resources and will allow them to be well prepared for their auditors and maintain the trust of shareholders.”
Corporate treasury professionals, chief financial officers (CFOs) and company directors can take this five-minute online questionnaire at their convenience. They will receive a summary that outlines their level of transparency and regulatory compliance along with tips for better derivatives risk management.
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