March 2014: KPMG selects Visual Risk software to support their new treasury and risk advisory service
Visual Risk has recently partnered with KPMG’s Australian practice to support their treasury risk advisory service. KPMG will use Visual Risk to analyse their client exposures and hedging transactions and track and report on these transactions. Complex tasks managed within the system include hedge accounting, sensitivity analysis and credit valuation adjustments. KPMG will also be adopting the system for their own internal treasury. Click here
March 2014: Fair Value Macro Methodology:practical solutions to hedge accounting requirements at financial institutions
There is no question that the application of a fair value macro methodology is one of the more complex and challenging areas of the IAS 39 hedge accounting standard. It is hardly surprising then, that the International Accounting Standards Board (IASB) is currently considering fair value macro separately to general hedge accounting changes prescribed under IFRS 9. Whilst the IASB work towards developing a standardised macro hedging accounting model, Visual Risk has implemented fair value macro hedge accounting solutions at leading financial institutions around the world. Click here
October 2013: STP for Treasury and Cash Management
In order to facilitate greater Straight Though Processing (STP) efficiency for our customers’ treasury, Visual Risk has released multiple interfaces to facilitate full enterprise connectivity. These deliver greater automation for our users, reducing both manual effort and operational risk. Click here
June 2013 Article: Visual Risk partners with Markit to deliver a complete solution for IFRS13
The new IFRS13 Standard will require that fair value measurement of assets and liabilities include Credit Value Adjustments (CVA). These will require the inclusion of credit spreads which can be hard to access. Through its partnership with Markit, Visual Risk can now access high quality credit default swap data on approximately 3,000 entities. Click here
April 2013 Article: Credit Value Adjustments under IFRS 13
Many companies will have to report under IFRS 13 for the financial year ending June 30, 2013. This will pose the dual challenge of sourcing the appropriate credit spreads and then applying these spreads to derivative valuations. In this article, Visual Risk reviews some of the crucial aspects of CVAs.
December 2012 - Reducing IFRS 9 Ineffectiveness: Comment letter submitted to the IASB
The draft of IFRS 9 is close to being finalised. Despite many improvements it contains changes that could introduce substantial ineffectiveness to some existing hedge relationships. These include an inconsistent treatment of the following sources of ineffectiveness: time value of options, currency basis and credit risk. Visual Risk has submitted a letter to the IASB that raises these points in an effort to try and assist our customers reduce this potential ineffectiveness.
November 2012 - Visual Risk partners with Fides to deliver seamless bank account management functionality
Visual Risk is pleased to announce today that it has partnered with Fides Treasury Services, the world’s largest Multibanking Service Bureau for Corporates. Visual Risk will link directly with Fides to make it easy and cost-effective for our clients to connect their treasury management system with their financial institutions.
October 2012 - Visual Risk moves into the Cloud
Visual Risk is pleased to announce the launch of our new Cloud-based service. This service will be offered as an alternative to the existing option to install the system locally within customers’ internal networks. This means treasurers can now select the deployment model that best fits their IT environment. Click here
July 2012 - Visual Risk releases enhanced bank account and cash management functionality
Visual Risk has significantly extended the cash and liquidity management component to include the following new functionality:
• Bank Account Interface
• Bank Account Reconciliation
• Non-Treasury Cash Flow Interface
• Basel III / ASP 210 compliance (for financial institutions)
This enables customers to manage their full daily cash process within the Visual Risk treasury management solution, culminating in a full cashflow forecast and liquidity map across the entire enterprise. Click here.
July 2012 - Visual Risk and Tullet Prebon Information announce data supply agreement
Tullet Prebon Information will supply Visual Risk with a wide range of over-the-counter instruments, including foreign exchange, money market and interest rate data for a wide range of currencies. This data will be delivered directly into customers’ Visual Risk applications via our web-hosted data service. Click here.
July 2012 - Basel III: Credit Adjusted Valuations for ADIs
Under Basel III ADI’s will be required to perform quarterly credit-adjusted valuations of all assets and liabilities on the balance sheet. Visual Risk offers ADI’s assistance with these complex valuations. Click here.
June 2012 - GFI Group to Provide Full Suite of OTC Market Data to Visual Risk
GFI Market Data and Visual Risk today announced an agreement whereby GFI will supply Visual Risk with its full suite of Market Data, including OTC derivatives in fixed income, FX, energy, commodities, equities and interest rates. This data will contribute to more sophisticated pricing curves and volatility surfaces for complex valuations and will be delivered seamlessly through our web-hosted data service. Click here.
May 2012 Article: Managing Treasury Targets with Cashflow-at-Risk
In this article, we discuss CFaR and explain how it can be effectively applied to manage market risk. We introduce an innovative new metric called Target@Risk® which extends the utility of CFaR by clearly quantifying risk relative to treasury objectives. This enables the achievement of specific cashflow targets through more effective hedging decisions.Click here.
April 2012 - New Cloud Based Market Data Service
In partnership with leading data vendors Thomson Reuters, ICAP, GFI and Tullett Prebon, Visual Risk is pleased to announce the release of a new web-based market data service. Click here.
February 2012 Article: Option Pricing Under the Hood - Volatility Surfaces
The accurate valuation of options can be a challenge as it requires a deep understanding of the interplay between volatility, strike price and the time to expiry. In this article, Visual Risk presents an explanation of the technical aspects of option valuation and the concept of volatility surfaces.
November 2011 - New version of Cash & Liquidity Management Component released
With cash and liquidity management now a crucial focus for treasuries, we are pleased to announce that we have just released a significantly enhanced version of our Cash & Liquidity component. It now includes a dedicated bank balance management feature to ease the pain of importing, editing, and viewing the daily bank balances across multiple currencies, subsidiaries, or banking platforms. This new component will significantly streamline the way you manage your liquidity, bank accounts and cash forecasting activities.
September 2011 - Total Treasury
We are proud to announce Australasia's first end-to-end treasury solution incorporating front office risk analytics, back office, hedge accounting, general ledger and cash management components. To read more about our Total Treasury, Click here
September 2011 Article: CCIRS Under the Hood - Hedge Accounting for Currency Basis
This article describes the different methods to hedge account for the currency basis risk inherent in Cross Currency Swaps. Please Click here to read this article.
July 2011 - Beyond Gap ALM Newsletter
June 2011 - PricewaterhouseCoopers LLP, Singapore, selects Visual Risk
We are pleased to announce that PwC LLP has selected our fully integrated suite of Risk, Treasury Management and IAS Compliance modules to underpin their treasury advisory and outsourcing businesses in Singapore and Malaysia. Click here to read more.
June 2011 - Visual Risk achieves Microsoft Partner Gold Independent Software Vendor Status
Visual Risk is pleased to announce that it has once more achieved Microsoft's Gold Partnership status, the program's highest level for an Independent Software Vendor. Certified partners have a proven commitment to the adoption of cutting edge Microsoft technology whilst delivering excellence in customer service.
May 2011 - Visual Risk featured in Risk Magazine
Visual Risk Managing Director Richard Hughes has been interviewed by Risk Magazine for their article 'The risks of a rising dollar'. It highlights the need for companies to focus on their risk management and hedging strategies in the light of unprecedented risk in the AUD and broader markets. Click here to read the article.
May 2011 Article: IFRS 9 Under the Hood - An Introduction
This article is the first in a series that will discuss some of the proposed changes to the IFRS 9 hedge accounting standard. It focusses on two main issues: the broad implications for risk management policy in relation to hedge accounting as defined in the Standard and option time value. Please click here to read this article.
April 2011 - New component: Target@Risk introduced to enhance our Reporting Dashboard
Visual Risk today introduces Target@Risk, another best-of-breed risk component. Target@Risk builds on the strength of our existing risk capabilities and adds the ability to monitor and stress test potential cashflow variances relative to specific treasury targets or your budget. It can be applied to reduce potential variances to acceptable levels and deliver cashflow certainty to your business. Target@Risk introduces another best practice management metric to help your treasury monitor and mitigate market risk.
Target@Risk can be viewed through our powerful Reporting Dashboard which analyses portfolio data from within the treasury system and then publishes the outputs with clear visual representations for boardroom reporting. The Visual Risk Reporting Dashboard delivers the most advanced treasury solution available today, providing treasuries with a key strategic tool for effective decision making and risk mitigation.
February 2011 - Scenarios Newsletter
February 2011 - Visual Risk announces new data agreement with ThomsonReuters and ICAP
We are pleased to announce that Visual Risk has recently partnered with ThomsonReuters and ICAP to provide our clients with a new, fully integrated market data solution. This service significantly streamlines otherwise time consuming data upload processes and ensures a far greater degree of data integrity.The data available covers interest rates, FX and commodities. It also includes difficult to obtain prices such as currency basis swap rates, basis spreads and volatilities.
This partnership brings together two best-of-breed services to automatically deliver data directly into your Visual Risk system.
January 2011 - New Functionality Focus: Cash Management
Visual Risk now includes a powerful new cashflow forecasting function which leverages our native cashflow engine to generate accurate forecasts combining treasury and non-treasury cashflows.
Bank account and bank account pool management, import of bank account balances, import of non-treasury cashflows to complete the cash picture, calculation of cash positions at account, pool and consolidated level, flexible reporting layout options and date bucketing capabilities
This development once more illustrates our commitment to the continuous improvement of Visual Risk.
October 2010 - Visual Risk signs 8 New Clients
We are pleased to announce yet another successful quarter with Visual Risk selected by the following clients to help manage their treasuries:
Bank of Cyprus • Dulux • Fonterra (NZ) • Greenstone Energy (NZ) • Industries Mutual Credit Union • Lend Lease • Resources Credit Union • Schweppes
This once more confirms Visual Risk's growing popularity with treasurers across Australia and New Zealand. We now have over 100 clients, including 38 of the ASX Top 200.
June 2010 - Visual Risk signs up 5 new clients
We are very pleased to announce that Visual Risk has recently been selected by the following blue-chip clients:
Foxtel • Queensland Rail Passenger • Rural Finance • Stockland • Toll Holdings
Our client base now includes many of the leading companies in this region.