As firms are moving away from IAS 39 and topic 815 to IFRS 9 and ASU 2017, new complexities come into play which require more coordination and alignment across data, calculations, and processes. At the same time, as hedge accounting solutions are in high demand, current hedge accounting practices are under pressure by market changes, such as Covid-19 and IBOR reforms. OneSumX for Hedge Accounting provides the modularity and flexibility needed to deal with changing markets and regulations, is closely in line with regulatory changes, and gives immediate insight to direct users, managers and auditors – all helping your firm remain compliant and competitive.
OneSumX Hedge accounting provides the following modular components:
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Hedge designation and documentation
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Fair value and hedged risk calculations
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Effectiveness testing
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Sources of ineffectiveness analysis
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Hedge accounting and manual adjustments
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Dashboard, limit management and disclosures
Hedge Accounting Diagram

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