HedgeTrackers releases extensive web upgrade to their Capella Foreign Currency hedge accounting pack
by Kylene Casanova
More than nine man-years of development have gone into the creation of Capella. In addition, the product has received more than 30 man-months of parallel testing by Hedge Trackers' FX derivative accounting experts and more than 370 "Black Box" tests and 89 "White Box" tests.
Many new features that have been added, including:
- ASC 820 (FAS 157) Credit Valuation Adjustments and Offsetting Entries
- modernized and improved user interface
- on-line access to Regression Library results
- FASB codification references
- Import Tool for trades and exposures.
Capella Foreign Currency is a user-friendly, web-based software solution corporation which can be used to manage both FX trades and derivative accounting following the technical requirements of ASC 815 (formerly FAS 133). The GAAP/IFRS-compliant features can be integrated with existing treasury systems, trade portals, ERP systems. The system supports corporate treasury's exposure and trade management requirements as well as accounting's control and reporting requirements.
Hedge Trackers claim Capella is the perfect tool for the imperfect world of hedging.
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