From its annual client conference, held this year in New York, Reval announced today the release of its version 11.0 Software-as-a-Service (SaaS) solution for corporate financial risk management.
The new version strengthens a company's ability to respond quickly to volatility in foreign exchange, interest rate and commodity markets and to uncertainty amid evolving rules governing derivative use.
"As volatility continues across all asset classes, corporate treasurers are asking for more automated workflow and first rate risk management analytics to sense and respond to hedging exposures," says Reval Chief Operating Officer Philip Pettinato. "We've continued to connect the flow of information and expand the risk management functionality that clients need to get where they want to be in their hedge policies."
Reval 11.0 enables users to continuously track hedge performance against policy throughout the life cycle of a derivative. It further strengthens FX straight-through processing, prepares users for requirements of Dodd-Frank, and enhances core competencies in Hedge Accounting across all regions.
Among release highlights are:
- Enhancements to Cash Flow at Risk (CFaR) to help users analyze risk in exposures and derivative portfolios, analyze the impact of correlations between different exposures, and measure and report on actual risk positions against benchmark policy,
- New FX Exposure Management functionality to track history of currency exposure forecasts, report exposure forecast performance, create forwards from the Level of Cover based on hedge policies, create trades via Hedge Requests for over hedged exposures and automatically create hypothetical derivatives for hedge designation,
- Target hedge policies for interest rates and commodities,
- FX electronic confirmations with Misys and FXall via SWIFT, and
- Enhancements to the Credit Adjustment Module, which now supports CSA's to calculate Entity or Counterparty cash collateral to be applied to ISDA Net Asset/Liability positions when calculating Credit Adjusted NPV.
With thousands of users from North America, EMEA and Asia Pacific on a single instance of its multi-tenant SaaS, Reval integrates best practice functionality requested by clients in two major upgrades a year. Reval continues to integrate FX functionality from FIRST, a system it acquired in 2009 with the purchase of FXpress. It also has begun working on the integration of ITS-a treasury management system developed over 25 years by Austria-based ecofinance, which Reval acquired in January this year to broaden its single-solution offering for treasury.