Clearwater Analytics, a provider of Web-based investment portfolio reporting and analytics, has announced enhancements to its platform that automate and facilitate compliance with U.S. Financial Accounting Standards Board Rule 157 guidelines. The enhancements provide organizations with the necessary tools to define, measure, manage, and report fair-value security-level classifications and to meet disclosure requirements.

According to FAS 157 guidelines, organizations must assign a fair-value measurement standard to all investment securities. Additionally, organizations must disclose fair-value measurement classification footnotes in financial statements to clarify the valuation method assigned to assets.

With Clearwater Analytics’ FAS 157 functionality, investment professionals can:

Efficiently assign Level 1, 2, and 3 fair-value classification standards;

Generate a FAS 157 disclosure matrix for financial statements;

Create roll-forward reporting for Level 3 securities; and

Simplify auditing of fair-value measurement classifications.