Kapiti Coast District Council (KCDC) has been a Hedgebook client for almost two years. Originally Council’s requirement for Hedgebook was to perform the independent valuations of its interest rate swap portfolio at 30 June financial year-end, including the sensitivity analysis for +/- 100bps. Independent valuations are required by KCDC’s auditor hence reliance on bank valuations is not acceptable. Beyond valuations the finance team has taken advantage of some of Hedgebook’s other functionality such as interest accrual and cashflow reports to assist in the day-to-day management of derivatives and debt. Says Mark de Haast (Financial Controller), “I am super impressed with Hedgebook and cannot wait to see the new developments.”
At Hedgebook we listen to the feedback of our users to ensure future development is practical, useful and simple to use.