RTL Group selects HedgeRx for FX and rates

RTL Group has signed up for HedgeRx to handle foreign exchange and interest rate risk management.

The HedgeRx platform, from risk management software provider Reval, will enable European TV group RTL to deal with the problems surrounding hedge accounting under IAS 39, stress testing under IFRS 7 as well as simple and complex derivative valuations. Implementation was expected by the start of the year.

RTL will also look to use Reval's technology to resolve issues with the valuation and documentatio