We are pleased to announce that Rakon Ltd has chosen HedgebookPro and Hedgebook’s market data service, Infoscan, to assist in managing their financial market exposures.

Rakon is a publicly listed technology company based in New Zealand with offices around the world. Rakon designs and manufactures world leading advanced frequency control and timing solutions with the main application being in telecommunications (base stations, fibre optics, small cells and network timing). Rakon was one of New Zealand’s first tech companies, being established in 1967.

Rakon required a cost effective treasury system to capture its foreign exchange and interest rate hedges whilst continuing to comply with hedge accounting. Furthermore, Rakon required oversight of the foreign exchange and interest rate markets in terms of live data, which they now access through Infoscan’s MarketFeed product. MarketFeed keeps key decision makers abreast with the fast moving global money markets.

Hedgebook was chosen for its simplicity and ease of use. Rakon’s Group Financial Controller Anand Rambhai said, “HedgebookPro ticked all the boxes for us in terms of achieving a robust framework to manage our financial instruments, including hedge accounting and CVA.”

We are delighted to welcome Anand and Rakon as new HedgebookPro users.