London Stock Exchange Group selects ION Treasury’s Reval Center for hedge accounting

The world’s leading organizations use Reval Center for independent portfolio valuation and hedge accounting consulting services

LONDON – 14 July 2020: ION, the largest global provider of trading, analytics, and risk management solutions for capital markets, commodities, and treasury management, today announced that London Stock Exchange Group (LSEG) has selected ION Treasury’s Reval Center for portfolio valuation services and hedge accounting.

LSEG is a UK-headquartered global financial markets infrastructure group. Given its position at the heart of the world’s financial community, building and maintaining stable, trusted markets, and providing transparency are critical to its role in the global economy and capital markets.

LSEG selected Reval Center to ensure compliance with regulatory reporting requirements and minimize its exposure to unexpected volatility, price changes, and market turbulence by managing the hedging of its debt and derivatives trading portfolio.

Reval Center uses market data and innovative financial analytics to deliver fast, accurate, and reliable valuations for derivatives and other financial instruments. Trusted by banks, issuers, treasurers, fund administrators, corporations, and broker-dealers, the service is used to value a broad range of financial instruments and manage the hedge accounting of their derivatives.

Ian Kirkpatrick, Treasurer for Group Funding and Risk at LSEG said: “Our position at the heart of the global financial markets means we need to ensure regulatory compliance. We went to market for a solution to help us with our IAS 39 hedge accounting entries and IFRS 13 requirements and credit valuation adjustments. Reval Center was selected because of its proven expertise, and long history of working with the world’s largest organizations.”

Rich Grossi, CEO of ION Treasury said: “We’re delighted that LSEG has selected Reval Center to outsource the hedge accounting and valuations of its debt and derivatives portfolio. LSEG, like many of our customers, want increased visibility into exposures related to price changes and market volatility. Reval Center was created to help organizations minimize their risk, decrease administrative burden, and reduce costs.”