RWE, one of Europe’s largest utility companies, has selected Nordic Financial Systems (NFS) to implement Trema’s hedge accounting module to meet the IAS 39 guidelines due to be imposed from January 1 2005.
NFS, a business service provider to the treasury industry, will analyse RWE’s hedging requirements under IAS 39, evaluating them against the services provided by Trema’s hedge accounting module.
Magnus Lind, CEO at NFS, comments: “Our consultants’ in depth knowledge of IAS 39 coupled with our position as a Trema Certified Expert partner mean we are well positioned to assist Trema clients.
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