Vendors hope to cash in on IAS fears

Finance directors have been eyeing the looming deadline for IAS 32/39 with some trepidation for some time now. One option for combating the question of hedge accounting requirements, at least as far as many software vendors are concerned, is for CFOs to implement software solutions. Trema, the software provider for financial institutions, has launched its hedge accounting module to cope with the fair value accounting regulations under IAS39 and to provide support for FAS 133/138. Trema proposes to reduce the labour intensive process of hedge accounting by introducing software to deal with: cashflow hedging; fair value hedging, and; net investment hedging. FX and interest rate hedging are also included in the package.