LBBW selects Reval for derivatives valuations and accounting

Source: Reval

Reval, the global leader in derivative risk management and hedge accounting solutions, announced today that Landesbank Baden-Württemberg (LBBW) has selected Reval's Web-based solution for valuations and accounting of derivatives.

The leading German universal bank will use Reval to support its Solutions & Structuring department for their sales and service activities.

"We selected Reval because of its support of a wide spectrum of financial instruments for IR, FX and commodities asset classes and its unrivaled expertise in hedge accounting," said Dr. Daniel Oldeweme, Director Solutions and Structuring at LBBW. "As Reval provides this functionality through Cloud Computing, we did not need to invest in IT infrastructure, and the services could be used immediately."

Using Reval's Structured IR and IAS 39 modules, LBBW can create customized hedge instruments that qualify under IAS 39 accounting regulations, meet actual client requirements to hedge specific cash flows, and accommodate client expectations about future market developments. Such flexibility will help LBBW meet increased demand for customized structured products that qualify for beneficial accounting treatment.

"We are excited to work as partners with LBBW, bringing both our expertise and our solution," said Walter Schipper, Reval Country Manager. "In this role, we will help to leverage the use of structured instruments for qualifying hedges that suit individual situations and needs and, ultimately, mitigate the financial risks of LBBW's Customers."

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