More NewsNew Derivatives Bill Best Case for Corporate End-users, Says Reval

New Derivatives Bill Best Case for Corporate End-users, Says Reval

The clear definition of a corporate end-user of over-the-counter (OTC) derivatives, introduced in a new bill by US Senate Agriculture Committee Chairman Blanche Lincoln (D-Ark), addresses most of the concerns previously held by companies that use derivatives to hedge commercial risk, says Reval, a derivative risk management and hedge accounting solutions provider.

“Senator Lincoln’s bill does what no other bill does, which is that it defines what an end-user is and more clearly articulates what an end-user will be exempted from,” said Reval chief executive officer (CEO) and co-founder Jiro Okochi, who testified on behalf of corporate end-users last December before the Senate Agriculture Committee hearing on OTC derivative reform.

“It is unfortunate that FX forwards and FX swaps are no longer exempted outright as they have been in previous proposals, but we may now be at that juncture where it is as good as it gets for end-users,” he said. Senator Lincoln’s Wall Street Transparency & Accountability Act of 2010 is the last bill to be proposed in an effort to reform the OTC derivatives market.

Related Articles

Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

3m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

4m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

4m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

4m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

4m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

4m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

5m Tasja Botha
FX for corporates: 5 best practices for treasurers

Economy FX for corporates: 5 best practices for treasurers

5m Mateo Graziosi