Commodity XL for Fair Value Disclosure
Triple Point’s flagship solution for fair value disclosure is a comprehensive module for ASC 820 (FAS 157) and IFRS 7 compliance and the only solution to meet all ASC 820 (FAS 157) and IFRS 7 requirements.
The solution provides the tools and framework to define, measure, and manage fair value levels. Commodity XL for Fair Value Disclosure ensures the proper checks and balances, consistency of methods, and audit-ability in the assignment of levels and the disclosure of “mark-to-model” assumptions and valuations.
Key Business Benefits:
-Ensures FAS 157 and IFRS 7 Compliance — Defines, measures, and manages fair value levels
-Provides a Consistent Framework for Measuring Fair Value — Utilizes a rule-based method for assigning fair value levels, including the ability to capture valuation level by trade
-Segregates Duties — Leverages a multi-user capability that segregates front-, middle- and back-office, eliminating conflicts of interest
-Delivers On-going, In-depth Analysis — Provides month-to-month analysis of fair value levels and transitions from one level to another
Commodity XL for Fair Value Disclosure is fully integrated with Commodity XL™, the only true, next-generation solution built specifically from the ground up for high-volume, complex transaction management organizations. It meets all the requirements for trading in today’s highly volatile environment: multi-commodity capabilities, real-time integration of physical and financial positions, comprehensive risk management and scalability. Comprised of a family of commodity-specific products that can be deployed alone or in seamless combination with each other, Commodity XL manages every aspect of global cross-industry supply, trading, marketing, and logistics operations.
Fair value disclosure modules ASC 820 (FAS 157) and IFRS 7 are available as standalone solutions or pre-integrated with trading and risk.