Toyota Finance Australia, the Australian financial services arm of Toyota, has adopted Bloomberg's multi asset risk solution (MARS) for derivatives risk management and reporting. Bloomberg's derivative risk management tools provide market standard pricing, risk and scenario analysis for cross asset portfolios.
With the implementation of international financial reporting standards including IFRS 13, corporate treasurers are required to recognize the credit value adjustment (CVA) on over-the-counter (OTC) derivative contracts.
"Impacted by new regulation, corporate treasurers are looking for market leading solutions to help them manage their exposures more swiftly and efficiently," said Jose Ribas, Bloomberg's Global Head of Derivatives and Structured Notes. "Through its risk management tools, Bloomberg provides a compliance solution to global accounting standards and greater transparency in reporting."
Integrated with Toyota Finance's treasury management system, Bloomberg's risk management tools enable the company to apply credit adjustments to their derivative positions, perform scenario analysis and generate risk reports on a single platform.
"Corporate treasurers are increasingly challenged to provide reliable valuations to their management and audit partners as part of their financial year-end reporting," said Jeffrey Leckstein, Bloomberg's Head of Sales for Australia. "Bloomberg collaborated with Toyota Finance on the swift implementation of a solution that addresses the complexities of CVA pricing, providing them with a competitive edge in risk management."
With the implementation of international financial reporting standards including IFRS 13, corporate treasurers are required to recognize the credit value adjustment (CVA) on over-the-counter (OTC) derivative contracts.
"Impacted by new regulation, corporate treasurers are looking for market leading solutions to help them manage their exposures more swiftly and efficiently," said Jose Ribas, Bloomberg's Global Head of Derivatives and Structured Notes. "Through its risk management tools, Bloomberg provides a compliance solution to global accounting standards and greater transparency in reporting."
Integrated with Toyota Finance's treasury management system, Bloomberg's risk management tools enable the company to apply credit adjustments to their derivative positions, perform scenario analysis and generate risk reports on a single platform.
"Corporate treasurers are increasingly challenged to provide reliable valuations to their management and audit partners as part of their financial year-end reporting," said Jeffrey Leckstein, Bloomberg's Head of Sales for Australia. "Bloomberg collaborated with Toyota Finance on the swift implementation of a solution that addresses the complexities of CVA pricing, providing them with a competitive edge in risk management."
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