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Reval.com Inc. has launched Version 8.0 of HedgeRx, its Web-based derivatives hedging and risk management application. The latest upgrade features enhanced hedge accounting features and improvements to the FAS 157 module, originally introduced in October 2007. “The FAS 157 module is what we believe to be the most comprehensive in the industry as we have the ability to adjust the fair value of derivatives by the credit component depending on whether the derivative is a liability or an asset,” says Reval CEO Jiro Okochi.

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