"The addition of integrated commodities modules to our straight-through-processing, FAS 133 capabilities, and ASP delivery really sets us apart," said Jiro Okochi, CEO and Co-founder of Reval.
Reval's commodity functionality includes:
Full support of energy, metal, and agricultural exposures and derivatives
Derivative coverage of swaps, options and swaptions
Fully integrated market data
Industry-leading FAS 133 and IAS 39 functionality
Integrated risk management including market exposure and counterparty credit
Comprehensive and integrated reporting suite including inventory and activity reports
Choice of fully-hosted, immediately deployable application service provider (ASP) or intranet delivery
Version 2.0 is the 8th significant upgrade to HedgeRx since going live in January 2001. In addition to commodities coverage, it provides Reval clients with two new modules as well as pricing, risk management, reporting and FAS 133 enhancements.
Significant new functionality includes:
Cash Settlements Module to manage and report on counterparty and entity cash accounts
Risk Exposure and Valuation Module to track net valuations on a time horizon
Customizable trade grouping functionality
New transaction detail, calendar, and payment reporting
FAS enhancements including the capability to handle tiered revenue recognition for currency exposures and partial-term hedging for derivatives
"Revalâs rapid application development and deployment are a tribute to our leading RxCORETM technology platform and our ASP model of delivery," stated Phil Pettinato, Chief Operating Officer. "With centralized software and data, Reval can scrub, test, and upgrade client portfolios so that when our clients log into the application on Monday morning, they are all running the new version with the latest features."