Streamlining hedge accounting: a standalone portfolio

The CHP portfolio contains a number of historic financial arrangements that are complex, which provided a challenge at the end of year when preparing hedge accounting testing.

About the project

Altair Treasury & Finance Solutions (ATFS) were appointed to support the valuations, testing and approach to hedge accounting.  The team closely collaborated with CHP’s CFO and finance team, offering assistance, evidence, and modelling as needed. They facilitated meetings with auditors to discuss findings. Key challenges included historic off-market trades and prospective testing.


Our team provided an approach to prospective testing that CHP and their auditors were happy with and worked closely with the finance team to ensure reporting requirements were met.  This led to the successful conclusion of this audit matter in a timely manner, supporting the year end process.

Michaela and her ATFS colleagues supported my Finance Team in strengthening our approach to hedge accounting. This included helping clarify the legacy position through clear and insightful analysis, and building a structured transparent methodology that is readily repeatable in future years. Together this allowed us to create an improved approach to fulfilling year end audit requirements. Alongside the support from the Altair team, Michaela’s own approach was outstanding, both in her ability to articulate things clearly for various audiences, but also in her personable perseverance in helping address several technical intricacies to everyone’s satisfaction.
Neil Perrins, Chief Financial Officer, CHP

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