Reval, a provider of derivative risk management and hedge accounting solutions and services, has released Reval version 9.0 of its Web-based Software-as-a-Service.

Among the new features included enhanced capabilities of credit-adjusted valuations that seamlessly integrate with hedge accounting standards. Reval’s products and services are designed to help companies implement better approaches to effectiveness testing and reporting under stringent accounting rules such as FAS 133, IAS 39, IFRS 7, FAS 157, EIC 173, and FAS 161, maximizing control of operational risk and minimizing the possibility of financial restatements and other regulatory pitfalls.

Continued enhancements to the Credit-Adjusted Valuations Module of Reval’s derivative risk management and hedge accounting software include new functionality that integrates and supports:

• Netting at ISDA agreement level for mark-to-market and hedge accounting, supporting netted counter-party credit risk positions;• Client-defined policies for including credit in hedge accounting, allowing users to apply new credit adjustment methods to re-measure hedged items, exposures, and hypothetical trades; and• Flexibility in using either bond yield spreads or credit default swap spreads in the calculation of credit adjustments, allowing users to choose the most accurate data for their valuations.

Reval also has made enhancements to its risk-management module, including advanced counter-party exposure reporting, allowing users to efficiently and immediately examine exposure to various counter-parties and define short-term and long-term exposure limits to various counterparties.