Integrity Treasury Solutions Releases Hedge Accounting Functionality to Meet IAS39, FAS133 and Other International Accounting Standards.

11 November 2003
London – Integrity Treasury Solutions today announced the release of integra-T.com’s enhanced Hedge Accounting Module, which encompasses functionality to meet requirements under IAS39, FAS133 and other international Hedge Accounting standards such as AcG-13 in Canada.

The company has worked in partnership with clients and financial advisors to create a system which is flexible enough to meet the individual company demands arising from the evolving standards. This flexibility is key as no single, standard definition of risk management is suitable for every organisation and responsibility for FAS or IAS compliance ultimately rests with each corporation.

The module is fully integrated within integra-T.com, enabling complete security and removing the need to re-enter data or interface to an internal system. Full use is made of existing functionality within the system to capture accounting entries and to mark positions to market.

integra-T.com’s Hedge Accounting functionality covers Foreign Exchange Hedging, Interest Rate Hedging and Commodity Hedging with Net Investment in a Foreign Entity being currently developed. Within each of these functions it is possible to define Hedge Types (Hedge Programmes); create Hedge Relationships; perform Effectiveness Testing; manage OCI/Hedge Reserve requirements; create the requisite journal entries for passing to an external Corporate GL system; and meet Disclosure and Management reporting requirements.

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