US airline Virgin America has selected Reval’s software-as-a-service (SaaS) solution to support the derivative risk management and hedge accounting of its commodities portfolio.
With the straight-through processing (STP) workflow of Reval’s SaaS solution, Virgin America will be able to adopt hedge accounting under the requirements of ASC 815, automate the testing of its fuel hedging programme and report on its performance.
“Reval is well known for the depth of its expertise and the strength of its SaaS solution,” said Virgin America senior vice president (SVP) and chief financial officer (CFO) Holly Nelson. “This kind of support will be important to automate our risk management process as we expand across North America.”
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
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