FINCAD Launches Accounting CVA Services for Japanese Financial Institutions
Cloud-based Services Allow Japanese Banks to Prepare and Report New IFRS Requirements
FINCAD, a pioneer in providing pricing, modeling, and risk analytics, today announced it has launched a new cloud-based service, enabling Japanese financial institutions to evaluate, account for and report credit valuation adjustments (CVA) and debit value adjustments (DVA) to meet Japanese accounting standards, which become effective April 2021 with first reporting due in June 2021.
Utilizing FINCAD s next-generation analytics, FINCAD CVA Services will allow Japanese banks of any size and complexity of portfolios to perform the required valuation adjustment calculations for their derivatives trades. Now banks can easily evaluate if they need to report CVA and provide accurate reports as needed to meet regulatory requirements.