Hedge Accounting

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Overview

The ALMIS^® Hedge Accounting module is a powerful and comprehensive IAS 39 and IFRS 9 compliant hedge accounting solution which minimises the administrative burden and reduces accounting volatility. It is used in particular for IAS 39 macro fair value hedge accounting.

Features

Fair value and cash flow hedge accounting
Macro portfolio and Micro hedge accounting
Auto Hedge Item Allocation
Prospective and retrospective effectiveness testing
Yield curve and valuation features
Integrates with IRRBB and risk management
Automated amortisation adjustment for initial designations
PV base hedge ratio calculation over time
Accounting journals

'ALMIS^® Hedge Accounting is a strong easy to use module with a lot of flexibility and functionality especially on the interest rate risk side. We also complete our regulatory reporting and COREP on ALMIS^® and plan to use it for our Bank of England returns. And since moving to the ALMIS Cloud hosting platform we’ve enjoyed many benefits. It’s quick and reliable and all the software updates are actioned quickly by ALMIS International.'

Lorraine Shalley - Financial Risk and Regulatory Reporting Manager

'One of the biggest advantages of having a full ALM solution is that it’s underpinned by a single source of data. With this new regulatory reporting functionality, any data brought into the system populates the returns automatically, eliminating the need for any manual input.'

Robin Collett - Financial Controller

'ALMIS International have bent over backwards to help us and to guide our IT people through the installations. We’re always treated as a priority and not left to fix things ourselves. The company is more than just a software provider, they’re very much a partner.'

John Free – Regulatory Accountant