Handle your hedge relations and comply with the latest IFRS9 regulations (Factsheet)
Discover how the Summit Hedge Accounting module supports the requirements of IFRS9 relating to accounting for derivative transactions to facilitate hedging activities.
The Summit Hedge Accounting module integrates seamlessly with the Summit multi-currency accounting sub-ledger, managing hedge relationships between hedged items (fixed income, deposits/loans) and hedging instruments (foreign exchange, interest rate swaps, financial futures, exchange-traded options, OTC options). It provides fair value information and posts mark-to-market accounting entries for all derivatives, ensuring accurate and efficient hedge accounting.
Read how you can enhance your financial management with Summit’s comprehensive solution.
