ChathamDirect Product Update: Q4 2023
Summary
To deliver on the advantages clients gain from our seamless integration of advisory, operations, and technology, the ChathamDirect team continually enhances our platform, streamlining the way users manage their exposures, hedging policies, execution, valuations, and hedge accounting.
FX Scenario Tagging
New fields in our Balance Sheet and Cash Flow Exposure Management modules now allow for scenario tagging capabilities, serving as a foundation for deeper analytics with slicing and filtering to drive more meaningful decision-making.
Across the Balance Sheet and Cash Flow modules, you can now tag your exposures with new fields including:
- Exposure Load Name
- Forecast vs. Actual
- Hedge Type
- Designation Type
- User Defined Fields
Enhanced Management Reporting (BI)
ChathamDirect continues to improve reporting capabilities through Business Intelligence (BI).
Companies with a daily Balance Sheet hedging program can take advantage of our new Daily Remeasurement Analysis report. This report allows you to quickly compare your hedge gain/loss to your exposure gain/loss to analyze discrepancies by entity and currency, all in the context of a daily program.
Companies with a Cash Flow hedging program can take advantage of our new Cash Flow Program Effectiveness report. This report considers your budget rates, existing hedge rates, and prevailing market rates to automatically calculate expected FX gains/losses over time. Easily understand your hypothetical unhedged outcomes, the impact of your hedges, and the sources of noise that led to discrepancies between the two. You can also drill into program outcomes by currency or entity with our deep-dive, single-currency view.
Commodity enhancements
ChathamDirect has new enhanced support for commodity futures. Featuring brand new, intuitive trade loading and reporting to tie out to broker statements, streamlined reconciliation with your counterparties has never been easier.
Looking ahead
We continually engage with you to learn your strategic objectives and day-to-day processes so we can focus our development efforts on the highest potential impact. That means you will continue to see enhanced functionality, tighter integration, and improved performance across our platform.
Currently, we are developing new technology around hedge flattening, allowing companies with large hedging programs to reduce the number of currency pairs and notional traded, creating meaningful execution cost savings while providing hedge coverage at the local entity and parent balance sheet.
We are also beginning work on policy settings in our Exposure Management modules that allow for more customizable settings at an entity level. Additionally, we are starting development on back-to-back trade settings that will provide better functionality for clients.
About ChathamDirect
ChathamDirect is an industry-leading financial risk management and hedge accounting platform that supports foreign exchange, interest rate, and commodity hedging programs. ChathamDirect provides a clear view of your entire hedging program, including cash flow forecasts, balance sheet exposures, and hedge requests — all securely available on our leading SaaS platform. ChathamDirect is backed by Chatham Financial, an employee-owned, independent market leader with a global team of capital markets experts, risk management advisors, CPAs, lawyers, quantitative analysts, and technology developers who serve more than 3,500 clients globally.
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Disclaimers
Chatham Hedging Advisors, LLC (CHA) is a subsidiary of Chatham Financial Corp. and provides hedge advisory, accounting and execution services related to swap transactions in the United States. CHA is registered with the Commodity Futures Trading Commission (CFTC) as a commodity trading advisor and is a member of the National Futures Association (NFA); however, neither the CFTC nor the NFA have passed upon the merits of participating in any advisory services offered by CHA. For further information, please visit chathamfinancial.com/legal-notices.
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