General Motors signs up for online commodities hedging

US auto manufacturer General Motors has signed up to the online commodities hedging service Reval.com, a provider of risk management and US derivatives accounting rule FAS 133 compliance services.

Reval.com claimed the service will allow General Motors to streamline its commodities hedging portfolio and perform risk management in a FAS 133-compliant fashion from any standard Web browser.

Neither the price nor the term length of the deal was disclosed.

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