PwC treasury survey reveals over-reliance on spreadsheets

PwC’s recently released “New Zealand treasury management survey” (http://pwc.to/1DCSdse) threw up some interesting results, especially in relation to treasury management systems. It may come as no surprise to many, including us at Hedgebook, that there is…

Using Hedgebook to make smart fx hedging decisions

Has anyone told you lately that they know where the currency is going? Lots of people think they know if it is going up or down but the reality is that no one knows where…

Why use an interest rate swap and how does it work?

It seems like only yesterday that I started my treasury career at one of NZ’s leading treasury advisory consultants, alas it was closer to 15 years ago. “We advise clients on managing their fx and…

Feature client: Palmerston North City Council

Palmerston North City Council (PNCC) is fairly typical of a NZ local authority in that Council is a sophisticated borrower with autonomy around the management of its interest rate risk exposure. Councils can access funding…

Hedge accounting fx options: time versus intrinsic value

FX options make up an element of many companies fx risk management strategies. FX options lock in the certainty of worst case exchange rate outcomes while allowing participation in favourable rate movements. In my experience,…

Hedge accounting has never been easier

It seems like a lifetime ago since hedge accounting was first introduced, nearly ten years ago now. My how auditors loved it. How complicated could they make it? Very, ,was the answer. How about insisting…

Quantifying bank counterparty credit spread inputs for CVA

At Hedgebook we are often asked by our clients what the appropriate credit spreads are when calculating CVA (Credit Value Adjustment) under the current exposure method. The current exposure method requires a credit spread over…

Publicly listed EBOS Group subscribes to HedgebookPro

We are pleased to announce that EBOS Group Limited has recently taken HedgebookPro. EBOS Group is a publicly listed company on the New Zealand Stock Exchange and has over 2,200 staff headquartered in New Zealand…

Credit spreads back to pre GFC levels

We have discussed CVA at length in our newsletter and blog as it is arguably the most significant change to the accounting standards, from a financial instruments valuation perspective, since hedge accounting was introduced. The…

Lies, damned lies and valuations

With the passing of 30 June we have entered another busy period for year-end valuations. One of the most common questions we are asked at these important balance dates is “why is there a difference…

“Predicting rain doesn’t count; building Arks does.”

The ethos of Hedgebook’s Australian reseller, Noah’s Rule, is highly appropriate for a corporate risk management firm. Noah’s Rule (the company)isapassionate advocate of corporate risk management through active risk awareness. Noah’s Rule specialises in assisting…

Rakon Ltd takes HedgebookPro and Infoscan data

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…