The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.


All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

RWE chooses NFS to evaluate hedge accounting module

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. We understand the significant changes to hedge accounting IAS 39 introduces and how Trema's hedge accounting module supports this. As the deadline for compliance with the new standard rapidly approaches, we look forward to using the knowledge gained from this and other IAS 39 projects to ease the compliance burden for other organisations."

NFS is working with Schwabe, Ley & Greiner (SLG) on the project, a leading corporate treasury consultancy. RWE already deploys Trema's solution Finance KIT(tm) for cash, treasury, risk and asset management and is keen to adopt the newly released hedge accounting module to support the accounting and reporting complexities introduced by IAS 39.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree