PeopleSoft Inc. has set a release date for derivatives trading software that is compliant with Financial Accounting Standard 133.
The software, PeopleSoft Treasury Management, was developed with PricewaterhouseCoopers and is to be released in the second quarter. The Financial Accounting Standards Board's policy on accounting for derivative instruments and hedging activities takes effect next June 15.
FAS 133 will require most banks to change their accounting procedures. Bank systems will have to identify, measure, and link derivatives and hedges. The first version of PeopleSoft Treasury Management, which is not FAS 133-compliant, was released in March 1998. Both versions offer deal capture, cash management, and risk analytics.