Brookfield Power, which is publicly listed on the NYSE and TSX under the symbol BAM, is owned by Brookfield Asset Management, an asset manager focused on property, power and other infrastructure assets with over US$50 billion of assets under management. Brookfield also owns and manages one of the largest portfolios for premier office properties and hydroelectric power generation facilities, as well as transmission and timberland operations located in North America, South America and Europe.
âWe are pleased to add Brookfield to our ever growing Canadian client base,â said
Richard W. Kulaszewsi, VP Sales. âBrookfield, which hedges in Canada as well as the NYISO, will upload FUTRAK from its in-house risk management system, and FUTRAK will, in turn, perform all required hedge accounting functions, including effectiveness testing and accounting.â
FUTRAK was developed by INSSINC, which specializes exclusively in FAS133 software. Founded in 1983, the Company maintains a staff of highly experienced
consultants and systems professionals who are experts in trading, operations, and
accounting. INSSINC also has a hedge accounting module for IAS 32 and 39 in compliance with IFRS 7 and modules for Spark Spread hedging and Cash Flow storage hedging.