SunGard, a Wayne, Pa.-based provider of treasury workstations, says the latest release of its AvantGard Integrity treasury solution enhances companies' ability to comply with FAS 157, the fair value accounting standard, by automating reporting and accounting related to the standard. The latest version of AvantGard Integrity can provide valuations related to credit risk adjustment for foreign exchange, debt and derivatives positions, including both entity and counterparty positions. SunGard says the new release also offers customers streamlined bank communication and the ability to consolidate their payment files to cut bank fees.
Chatham Financial, an interest-rate and foreign-exchange risk management adviser in Kennett Square, Pa., has enhanced its credit valuation adjustment (CVA) calculator to meet the requirements of FAS 157. According to the company, the CVA calculator incorporates the total expected exposure approach and can provide an automated CVA calculation for cross-currency swaps using that approach.