FAS 157 and FAS 161 Webinar for Treasury Professionals Sponsored by Fxpress Corporation

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) February 16, 2009 --

BALA CYNWYD, PA - February 16, 2009 – “Bridging the GAAP – Navigating the Shifting Sands of FAS 157 and 161” will be presented this week as Treasury & Risk’s complimentary webinar on February 19, 2008 at 2:00 PM ET. FXpress Corporation, the industry-leading provider of hedge accounting treasury software to corporations worldwide, working in association with Chicago Bridge & Iron Company (CB&I) and the Royal Bank of Scotland (RBS), will present a candid discussion of FAS 157 and 161. Approved for 1 CTP/CCM recertification credit by the Association for Financial Professionals, treasury professionals are encouraged to visit http://www.fxpress.com/regIndex.aspx?regid=8 to register for this free event.

Featured speakers will include Jason Halpern, Product Manager at FXpress Corporation, John Masterson, the Director of Financial Derivatives at CB&I, and Greg Martin, the SVP of Corporate Finance & Risk Solutions at RBS. This panel of experts will offer perspectives from a corporate, banking and technology provider’s points of view.

“FAS 157 has been one of the most controversial statements issued by the FASB since the release of FAS 133, as evidenced by its recent scrutiny by Congress and the SEC,” according to Halpern. One of the most hotly debated impacts of FAS 157, which seems to have been lost in the turmoil of the credit markets and the controversy of fair value accounting, has been the valuation of a corporation's derivative asset and liability positions.

Current interpretation of the rules within FAS 157 have lead to a multitude of measurement approaches for corporate derivatives that attempt to calculate valuation adjustments for "own" credit and counterparty credit risk. The panel will look at the various fair value measurement approaches in use and highlight those receiving favor from the auditors. The impending implementation of the FASB's new derivative disclosures required by FAS 161 for all quarterly and annual reporting periods beginning after November 15, 2008 (e.g., March 31, 2009 for calendar year companies) also will be discussed. Treasury professionals are encouraged to visit http://www.fxpress.com/regIndex.aspx?regid=8 to register for this free event.

About FXpress Corporation
Premier corporations choose FXpress as their technology partner to simplify and automate core treasury processes. FIRST™ treasury software, the company’s product offering, enables the management of cash, exposures, derivatives and hedge accounting for FASB and IAS compliance via Software-as-a-Service deployment. Founded in 1993, FXpress Corporation is headquartered in Bala Cynwyd, PA. For more information about FXpress products and services visit www.fxpress.com.

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