FinancialCAD Launches Enhanced Regulatory Compliance Solution on .Net Platform
FinancialCAD announced its enhanced Fincad.net solution for providing independent, accurate financial instrument valuation technology to companies needing to improve the quality and regulatory compliance of their financial reporting. The new functionality, including expanded interest rate and commodity coverage, will make it easier for thousands of organizations to comply with the new accounting regulations, such as FAS 133 or IAS 39, that now make the reporting of derivatives at fair market value a global requirement. For service consumers, such as corporate treasuries, Fincad.net offers an outsourced financial instrument management solution. Such organizations simply apply for a Fincad.net account and get immediate access to all services on the system including the enhanced functionality to mark derivatives to market, test for hedge effectiveness and report changes in value on a quarterly basis as required by the FAS 133.