Commodity XL for Hedge Accounting
Triple Point’s flagship solution for hedge accounting supports a comprehensive risk management program that enables firms to balance optimal economic benefit, risk management, and stable financial statements.
The solution manages the daunting requirements under hedge accounting regulations, including the detailed testing, documentation, and reporting that must be performed in order to qualify for hedge accounting status. It ensures full compliance with ASC 820 (FAS 133/FAS 161), IAS 39, and similar national hedge accounting regulations.
Key Business Benefits:
-Enhances Hedge Decision-Making: Provides the tools to manage the most complex hedges
-Streamlines Operations and Reduces Costs: Eliminates data silos and redundant data input
-Reduces Earnings Volatility: Minimizes the impact of derivatives on financial statements
-Ensures Compliance: Ensures “one version of the truth” across the organization in real time
Implications of Dodd-Frank on Hedge Accounting:
With transparency as a core DFA principle, reporting that is efficient and configurable is a must. Triple Point’s reporting capabilities are ready to provide details of trade activity and position in real time, along with the necessary documentation to support an end-user exemption election. Triple Point will continue to stay on the forefront of market regulations and provide customers with fully integrated solutions to manage trading, risk management, and disclosure activities.
Commodity XL for Hedge Accounting 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. Commodity XL provides multi-commodity capabilities, real-time integration of physical and financial positions, comprehensive enterprise risk management, and scalability.
Hedge accounting modules ASC 820 (FAS 133/FAS 161), IAS 39, CICA 3865, AASB 139, and SAS 133 are available as standalone solutions or pre-integrated with trading and risk.