A lot of systems vendors claim to be FAS 133 compliant but fail to deliver the basic ingredients of the solution. Once people have these numbers, an accountant can process the journal entries. The Perfect Hedge represents an easy way for companies to get their FAS 133 solution up and running immediately. A web browser, username and password are all that are required to access the system over the Internet. Once logged in, clients simply load in their transaction details and describe their hedges.
Collaboration is also a key feature of the system.
The Perfect Hedge contains powerful enterprise-class administration tools that subscriber organizations can use to grant their users access and to organize users into workgroups when accessing the system. We needed a flexible system that our field auditors could access anytime, anywhere to test the reasonableness of client derivative valuations as required by FAS 133. Powered by fincad.net, The Perfect Hedge showcases what can be built using FinancialCAD's fincad.net Open Web Services technology. Central to the fincad.net vision is the Microsoft .NET Framework, Microsoft's next generation Web application development and delivery platform.