Hedge Trackers Supports Early Adopters of ASU2017-12

Hedge Trackers Supports Early Adopters of ASU2017-12
23.02.2018 06:37 am

Hedge Trackers Supports Early Adopters of ASU2017-12

Trading Systems

Hedge Trackers, a premier provider of hedge program management solutions for foreign currency, interest rate and commodity risk, today announced that early adoption of ASU2017-12 is being supported through its outsourcing services and its derivative accounting software, CapellaFX.

ASU2017-12 was released by the FASB last August 2017 to provide more flexibility than the former rules and makes hedge accounting a more attractive option for corporations and financial institutions. Businesses using or anticipating the use of foreign exchange (FX), interest rate (IR) and commodities hedge programs as part of their financial planning need to be aware of these changes for successful implementation and management of such a program.

“Clients have until the end of the year to start meeting the new requirements. However, we’ve been working with early adopters in our client base across all asset classes,” said Karen Gubler, director, FX and commodities, Hedge Trackers. “We’ve been receiving feedback that some other platforms aren’t ready for the conversion. It’s a great position to be in to say to our clients, ‘We’re ready when you are.’”

“Our interest rate team has been converting clients who are taking advantage of the new strategies available to interest rate hedgers,” said Ruth Hardie, senior director, client services, Hedge Trackers. “Our specialists ensure that you receive the best that hedge accounting offers whether you are looking to fix variable interest or protect the value of fixed rate assets or liabilities.”

Related News

New Celent Research Outlines Ways To Future Proof Post-Trade Operations

Opting for managed services for non revenue-generating activities and implementing scalable cloud computing power will be key differentiators in terms of financial services... Read more »

QuantHouse and Enyx introduce FPGA accelerated hardware as a service

QuantHouse, the leading independent global provider of end-to-end systematic trading solutions including innovative market data services, algo trading platform and... Read more »

Trading 212 Launches UK’s First Ever Unlimited Zero Commission Share And ETF Trading Platform

Trading 212 has become the first retail UK broker to offer commission-free trading for new and existing customers across shares and ETFs on its platform with no limit on the... Read more »

Finastra tops Overall Trading Systems category in the Asia Risk Technology Rankings three years in a row

Finastra has once again topped the Overall Trading... Read more »

EquiLend Opens Dublin Office

EquiLend, a leading provider of trading, post-trade, market data and clearing services for the securities finance industry, today announces the opening of its office in Dublin... Read more »

ZagTrader partners with TickerChart to deliver enhanced trading services

ZagTrader, a Dubai-based technology company specializing in Banking and Capital Markets Solutions, formally announces the availability of TickerChart to its existing suite of... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App