Ferential Systems’ FAS133/IAS39 Module Chosen by U.S. Bancorp Treasury Group for Hedge Accounting Solution

Jersey City, NJ - 23 January 2007

The Treasury Group of U.S. Bancorp has chosen Ferential Systems’ FAS133/IAS39 Module to manage its hedge accounting calculation and monitoring requirements. U.S. Bancorp currently uses Ferential Systems’ PYRAMID application for its front office and middle office derivative trading, debt valuation and accrual system.

Ferential’s Pyramid System offers a comprehensive solution for FAS 133 and IAS 39 analytical and reporting requirements. Ferential’s Hedge Accounting module is available as a stand-alone solution, can be combined with Ferential’s innovative Transaction Reconciliation module, or included as an integrated module within Ferential’s derivatives front-to-back platform. The Hedge Accounting module is designed to provide users with maximum flexibility when defining testing policies, running analytical testing and reviewing and reporting test results. With the Ferential hedge accounting solution, users can choose among all of the currently available testing procedures outlined in FAS 133 and IAS 39 as well as quickly define and build new testing analytics to adapt to new procedural announcements.

John Dukich, Ferential Systems’ President, led Ferential’s programming team to develop a powerful hedge accounting solution that can be run as an integrated solution with Pyramid or as a standalone addition that will fit seamlessly into the processing flow of other derivative systems. “After reviewing existing hedge accounting software solutions on behalf of several clients, we realized there was a market need for a hedge accounting solution that has the flexibility to model and process all of the potential hedge accounting policy responses an active corporate derivatives user may wish to implement. We believe Ferential’s FAS133/IAS39 solution offers clients a significant improvement over existing hedge accounting software solutions in terms of combining maximum policy building flexibility and powerful valuation capabilities.”

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development