Accounting

Series of seven white papers explains the basics of hedge accounting and hedge effectiveness testing

Metro Bank PLC, Britain's first new High Street bank in over 100 years, has selected SunGard’s Ambit Asset Liability Management (ALM) solution. To support its client service proposition, Metro Bank will use Ambit ALM to help it maximize its net interest income, by helping it ensure the accurate measurement and management of asset-liability gaps and basis risk during this period of low interest rates and acute margin compression.

Updated guidelines now include details for tax lots and derivatives

ISITC (International Securities Association for Institutional Trade Communication), the industry trade group focused on standards in transaction processing and related communications, today announced the release of an updated Market Practice for Accounting Reconciliation Holdings. The updates reflect the buy-side’s growing usage of derivatives and the resulting need for better standards for accounting reconciliations.

ETOS, a leading treasury services outsourcing firm for New Zealand corporations have selected Reval’s Web-based solution as its Treasury Management System, Reval announced today. In addition, ETOS have also entered into an agreement to operate as a local reselling partner for Reval in New Zealand. 

SmartStream, the financial Transaction Lifecycle Management specialist, today announced the launch of TLM Transaction Fees Invoice Management that removes complexity through an automated solution that manages all aspects of transaction fees, from exchange through to brokerage fees, more effectively. 

Foreign Exchange Cash Flow Hedge Effectiveness Testing Now Available

Exposure Draft Gives IFRS Reporters Greater Flexibility

The International Accounting Standards Board (IASB) today published for public comment an exposure draft on the accounting for hedging activities. The exposure draft proposes requirements that will enable companies to reflect their risk management activities better in their financial statements, and, in turn, help investors to understand the effect of those activities on future cash flows.

Sapient to Deliver Advent Certified Integration Services for Geneva®, a Comprehensive, Firm-wide Portfolio Accounting Solution

FASB Exposure Draft on Hedge Accounting Sets U.S. on Diverging Path

In its public letter submitted last week to the Financial Accounting Standards Board (FASB) commenting on proposed accounting rules, Reval, a global derivative risk management and hedge accounting solutions provider to over 400 public companies, outlined what it believes to be the most significant areas of divergence from International Financial Reporting Standards (IFRS).