RevalÂ®, a global leader in financial risk management solutions and services, is pleased to announce the release of Version 6.0 of HedgeRxÂ®. Version 6.0 marks the 20th successful version upgrade of Revalâs industry leading ASP product, used by corporate treasuries and financial institutions worldwide.
In this new release, Reval expanded further to its derivative pricing capabilities by adding the ability value Inflation Indexed Swaps (UK RPI) as well as formula based coupons, such as percent of LIBOR. In addition, many more commodity indices and emerging market Foreign Exchange curves were added to support customer demand for independent valuations across different sectors and geographies.
âThis is very exciting for us as it is the first release where we have been able to leverage our new off-shore development facility in Indiaâ notes Philip Pettinato, COO of Reval.
Reval continued to enhance other aspects of its ASP, including more workflow and reporting enhancements, advanced hedge position management tools, web based on-the-fly customized reporting and the ability to handle SWIFT code messages. As with each release, further enhancements were made to Revalâs FAS 133 and IAS 39 functionality and its GL module, thereby keeping Revalâs lead as the most comprehensive hedge accounting solution in the market. Revalâs next release is scheduled for October of 2006.