FASTracker provides a comprehensive solution that automates the end-to-end Derivatives accounting and management processes. FASTracker will automate the documentation of accounting strategy and hedges and prepare automatic accounting entries. FASTracker supports FAS133 and IAS39 accounting standards for complex energy and commodity portfolios. FASTracker provides advanced functionalities supporting first day gain/loss, embedded derivatives, cross commodity and time lagging hedging strategies, and netting of assets and liabilities. The software provides an integrated platform for derivatives and fair value accounting and disclosure. FASTracker is powered by Financial and Regulatory Risk Management System (FARRMS) that provides a leading edge integrated platform for mitigating financial and regulatory risks.
âEssent Tradingâs complex portfolio requires us to have a flexible and effective solution that supports our derivatives accounting processes,â said Jaap Van Den Bosch, Essent Trading .