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Reval Announces Release of HedgeRx Version 3.2<

Wednesday, 01-Oct-2003 1:10PM PDT
    
Story from MW / MarketWire
Copyright 2003 by Market Wire (via ClariNet)

Reval, a provider of financial risk management technology solutions and services, today announced the details of HedgeRx Version 3.2. HedgeRx(TM) is a Web-hosted application that delivers comprehensive front-to-back office capabilities for managing interest rate, foreign exchange, and commodity hedging portfolios to enable corporations to comply with complex derivative accounting regulations FAS 133 and IAS 39.

New in Version 3.2 is instrument coverage for Hong Kong Dollar Interest Swaps and FX barrier options as well as discount debt instrument support and unwinds for interest rate products. Version 3.2 also includes the following enhancements:


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-- Additional money market functionality, giving HedgeRx more extensive

coverage of money market instruments -- Payment forecasting, which is particularly useful for commodity

purchasing entities, both within treasury and for procurement groups -- Settlements enhancements, including support for automatic netting and

flexible exporting interfaces to industry-standard systems

Jiro Okochi, CEO of Reval, said, "The depth of HedgeRx's functionality versus competitive products is unrivaled. Version 3.2 increases HedgeRx's global reach, enabling us to better address the complex needs of our multinational clients who are starting to prepare for IAS 39." Okochi also shared that Reval has signed three new clients in the last week, including international clients.

More About Reval HedgeRx(TM)

HedgeRx(TM) supports integrated market data, pricing, risk management, reporting and FAS 133 and IAS 39 compliance for a full range of financial and commodity derivatives and underlying asset and liability exposures. Delivered as a Reval-hosted solution, HedgeRx allows clients to perform end-to-end management of financial exposures and derivatives at any time from any remote location, with secure Web access.

About Reval

Headquartered in New York City, Reval's hosted financial risk management and regulatory compliance solutions and services power the treasuries of companies globally. Reval delivers integrated management of interest rate, foreign exchange, and commodities exposures and derivatives and enables compliance with FAS 133 and IAS 39. For more information, visit www.reval.com or email info@reval.com.

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Dino Ewing

Chief Financial Officer

Reval

212.901.9760
dino.ewing@reval.com

Agency for Reval:

The Devon Group

Jeanne Achille

732.542.2000, ext. 11
jeanne@devonpr.com