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.

Incisive, a Saratoga, Calif.-based provider of spreadsheet management software, says the latest version of its Validate spreadsheet auditing software offers new tools that help identify spreadsheet problems. Validate 3.0 includes a progress panel that shows data on things like new or lost cell traces, a history panel that shows changes in audit information, and a change report that shows all alterations that have occurred in the spreadsheet since the last audit. Incisive says Validate 3.0 has support for Microsoft Windows Vista, Windows 7 and Office 2007 and Google Spreadsheets.

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