March 05, 2020

Best Practices for FX Hedge Performance Reporting

Posted by Lorraine Popylisen
You’ve spent hours and hours developing a hedging strategy, identifying exposures, forecasting, and verifying hedge accounting, but your efforts shouldn’t stop there. To inform management the job is done, and done well, you need to go to the next...
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March 04, 2020

The Fed's Emergency Rate Cut: What This Means for Interest Rate Hedges

Posted by Ruth Hardie
On March 3, 2020, the Federal Open Market Committee (FOMC) made an emergency 50bp interest rate cut in response to the Coronavirus’ impact on the U.S. economy. Both Cash Flow and Fair Value interest rate hedgers will be affected by the change.
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March 03, 2020

Are Your Treasury & Accounting Teams Disconnected?

Posted by Lisa Wallace
Treasurers are tasked with protecting the gain/loss line as well as foreign revenue, expenses and/or margins. So, it’s not unusual for Treasury departments to want to implement a foreign currency hedge program. A balance sheet hedge program is...
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February 28, 2020

Constant Currency Reporting: Year-Over-Year Challenges

Posted by Helen Kane
Many public corporations report earnings, revenues and expenses on a “constant currency” basis. The objective is to present financials year-over-year (YoY) for comparative purposes without the effects of currency movements. To quote a few public...
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February 26, 2020

3 Hurdles to Overcome When Starting a Cash Flow Hedge Program

Posted by Jeff Goggins
The thought of applying hedge accounting can be daunting for those unfamiliar with the requirements for qualifying for special hedge accounting treatment under ASC 815. In this post, we will discuss the basic requirements for qualifying and...
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February 20, 2020

Automating Special Hedge Accounting Compliance

Posted by Karen Gubler
Special hedge accounting is an elective accounting treatment under U.S. and International accounting principles. An organization must first qualify for special hedge accounting and then follow ongoing compliance requirements to remain qualified. ...
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February 18, 2020

LIBOR Transition: New York Fed to Publish SOFR Averages & Index

Posted by Ruth Hardie
LIBOR is being phased out through 2021, and the Secured Overnight Financing Rate (SOFR) was selected as the preferred LIBOR replacement by the Alternative Reference Rates Committee (ARRC) in June 2017. The Federal Reserve Bank of New York is...
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February 13, 2020

LIBOR Transition: The Latest Interest Rate Reform Details

Posted by Ruth Hardie
As LIBOR is phased out, reference rate reform will identify new and alternative reference index rates for financial instruments, including the Secured Overnight Financing Rate (SOFR). The end of 2019 saw plenty of activity and movement in...
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February 12, 2020

International Hedge Accounting Treatment: Key Differences

Posted by Lisa Wallace
As a U.S. company, your accounting team might not realize that hedge accounting under U.S. GAAP may not satisfy local international regulations and requirements. So, just as you get a handle on ASC 815 cash flow hedge accounting in the U.S., your...
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