September 2017 Monthly Meeting
Date/Time
9/21/2017
11:00 AM - 1:00 PM Pacific
11:00 AM - 1:00 PM Pacific
Event Registration
Event Type(s)
Monthly Meeting
Event Description
Changes to Hedge Accounting
Location
Details
On August 28th 2017, the Financial Accounting Standards Board (FASB) released its long-awaited update to hedge accounting standards with the objective of simplifying the application of hedge accounting and better portraying the economic results of an entity’s risk management activities in financial statements. Our discussion will include the following topics, among others:
Please join us for a discussion as to how these changes will impact hedge programs.
Featured Speaker:
Justin Calvert
Director, Strategic Risk Management Solutions,
Bank of America Merrill Lynch
Justin Calvert is the director of Strategic Risk Management Solutions at Bank of America Merrill Lynch. He is part of the Strategic Risk Management Solutions group, which provides consultative services for Bank of America Merrill Lynch’s Corporate and Commercial clients centered on the risk management of interest rate and foreign exchange exposures. Prior to joining Bank of America Merrill Lynch, Justin worked at Barclays Capital in Global Finance Structuring & Advisory focusing on structured capital markets and risk solutions transactions. Prior to Barclays, Justin worked at Deloitte advising some of the firm’s largest clients on complex accounting and valuation matters, including mergers and acquisitions, leveraged buyouts, recapitalizations, joint ventures, derivatives and hedging, asset securitizations, debt and equity financings, and structured transactions. Justin has a Bachelor of Arts in business and master’s of accounting degrees from the University of Florida. He is a CFA charterholder and a CPA.
The meeting and lunch are included in the annual membership. All Members are eligible to bring a new one-time guest at no cost. Both members and guests must register. If the paid member cannot attend a meeting, a substitute may attend. Non-members pay the guest price of $55. Non-working students pay the student guest price of $15. To register for this meeting, click "Register for this Event" button below.
The meeting will take place at Washington Athletic Club (WAC) at 1325 Sixth Avenue, Seattle, WA 98101. Meetings are two hours - networking begins at 11am, lunch is served at 11:30am and our program begins at 12pm.
NWAFP provides a 2-hour parking validation when parking in the WAC garage, 1409 Sixth Avenue. This is located a half-block north of the Clubhouse on Sixth Avenue. (From I-5 South bound, exit Union Street, right on 6th and garage entrance on immediate left. From I-5 North bound, exit Seneca, slight right on 6th, garage is two blocks north on left.) The NWAFP encourages ride sharing to its meetings.
- Less burdensome hedge effectiveness testing
- Eliminating hedge ineffectiveness measurement
- Income statement presentation of impact from hedging instrument
- Derivative components excluded from hedge relationship
- Ability to change effectiveness testing for net investment hedges
- Hedges of interest rate risk
- Hedges of non-financial items – commodity risk
Please join us for a discussion as to how these changes will impact hedge programs.
Featured Speaker:
Justin Calvert
Director, Strategic Risk Management Solutions,
Bank of America Merrill Lynch
Justin Calvert is the director of Strategic Risk Management Solutions at Bank of America Merrill Lynch. He is part of the Strategic Risk Management Solutions group, which provides consultative services for Bank of America Merrill Lynch’s Corporate and Commercial clients centered on the risk management of interest rate and foreign exchange exposures. Prior to joining Bank of America Merrill Lynch, Justin worked at Barclays Capital in Global Finance Structuring & Advisory focusing on structured capital markets and risk solutions transactions. Prior to Barclays, Justin worked at Deloitte advising some of the firm’s largest clients on complex accounting and valuation matters, including mergers and acquisitions, leveraged buyouts, recapitalizations, joint ventures, derivatives and hedging, asset securitizations, debt and equity financings, and structured transactions. Justin has a Bachelor of Arts in business and master’s of accounting degrees from the University of Florida. He is a CFA charterholder and a CPA.
Registration
The meeting and lunch are included in the annual membership. All Members are eligible to bring a new one-time guest at no cost. Both members and guests must register. If the paid member cannot attend a meeting, a substitute may attend. Non-members pay the guest price of $55. Non-working students pay the student guest price of $15. To register for this meeting, click "Register for this Event" button below.
Logistics
The meeting will take place at Washington Athletic Club (WAC) at 1325 Sixth Avenue, Seattle, WA 98101. Meetings are two hours - networking begins at 11am, lunch is served at 11:30am and our program begins at 12pm.
NWAFP provides a 2-hour parking validation when parking in the WAC garage, 1409 Sixth Avenue. This is located a half-block north of the Clubhouse on Sixth Avenue. (From I-5 South bound, exit Union Street, right on 6th and garage entrance on immediate left. From I-5 North bound, exit Seneca, slight right on 6th, garage is two blocks north on left.) The NWAFP encourages ride sharing to its meetings.
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| 9/21/2017 |    |
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