WSS updates hedge accounting software

The updated software purports to address all international accounting standards, including IAS 39, scheduled to take effect for all European listed companies from January 2005. The system will be provided free to existing treasury engine customers. WSS said it has had significant interest in the system from companies, though Keith Bergman, business solutions manager at WSS declined to comment on specific companies.

Bergman said the new module has improved documentation capabilities, with more analytics and greater flexibility, making the system more versatile. Users of the original software would find it familiar and easy to navigate, he added.

“Many treasuries are still unprepared for the sheer magnitude of the documentation, accounting entries and ongoing assessment that comes with complying,” said Bergman.

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Next-generation technologies and the future of trading

At a webinar in association with capital markets technology provider Numerix, panellists discuss the potential for increased adoption of the public cloud to boost investment performance, its impact on risk management and overcoming barriers to…

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