RBS offers web based IAS39 Toolkit

The Royal Bank of Scotland Financial Markets (RBS) now offers its corporate customers, across its global markets, a web based tool to perform hedge effectiveness tests for a range of interest rate and currency derivatives.

First Published by e-Forex News: January, 2005

The Royal Bank of Scotland Financial Markets (RBS) now offers its corporate customers, across its global markets, a web based tool to perform hedge effectiveness tests for a range of interest rate and currency derivatives. RBS has developed and launched the IAS39 Toolkit, designed to help customers carry out hedge effectiveness assessments, which tend to be the most technical and computationally intensive of the IAS39 hedge accounting requirements.<br>
The IAS39 Toolkit performs certain calculations, the results of which can assist users with the determination of whether hedge relationships qualify for hedge accounting. Customers simply enter the details of the hedged item (i.e. foreign currency transaction), the hedging item (i.e. an FX forward) and choose between different methods of assessing effectiveness.