Solutions & Services

FAS 133 / FAS 157 / IAS 39

Since adoption in July 2000, Financial Accounting Standards Board (FASB) rulings 133 and 138 have presented a significant challenge to companies using derivative instruments to hedge financial and business risks. International Accounting Standard (IAS) 39 represents a similar challenge internationally.

Reval ® developed comprehensive tools to facilitate compliance with the complex rulings. Our FAS 133/IAS 39 module, along with additional reporting capabilities for FAS 157, is now recognized as the best solution on the market. While most software vendors have tried to add FAS 133/IAS 39 and FAS 157 functionality to existing legacy code, Reval built HedgeRx ® with the rulings in mind, thereby incorporating their most intricate and difficult elements. We continue to expand the modules to accommodate each new asset class and modification to the rulings.

The HedgeRx ® FAS 133/IAS 39 module includes the Reval FAS 133 Doctor™ / IAS 39 Doctor™, an interactive documentation and audit checklist tool that provides a comprehensive hedge designation template and the ability to produce detailed effectiveness reporting.