Hedgebook recently announced the U.S. and European launch of their latest online derivative management solution.
The solution, also named Hedgebook, is a powerful and cost effective tool designed to help businesses tighten up management of their currency and interest rate hedging and generally improve financial risk management.
?There has been plenty of coverage in the media recently that clearly demonstrates the risks associated with managing a portfolio of derivatives? says Hedgebook CEO Richard Eaddy. ?Even with good, honest information from your bank, robust internal processes and access to timely and accurate information are vital to making sound risk management decisions.?
Currently focused on “vanilla” derivatives such as Interest Rate Swaps, FX Forwards and FX Options, Hedgebook’s allows organizations to accurately record their transactions in a purpose-built system, then gives access to powerful reporting functionality to aid in tight management.
Hedgebook also generates instant mark-to-market valuations, therefore aiding compliance with derivative accounting requirements such as FAS133.
Whilst Hedgebook is suitable for organizations of all types and sizes, Hedgebook’s price point makes it ideally suited to SME’s who want to move away from manual, error ridden and spreadsheets.
?There?s no doubt that a tool such as Hedgebook would have minimised the financial impact of some of the recent banking ?mishaps? for many business owners.?
Hedgebook is available on a no-contract monthly subscription basis, with subscriptions starting at US$49.95/month.
Hedgebook is available to trial free for 30 days at www.myhedgebook.com.
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