We are pleased to announce that Tru-Test Limited has recently subscribed to HedgebookPro.
Tru-Test Limited is a public unlisted company based in Auckland and is the world’s leading manufacturer of livestock weigh scale indicators and milk metering equipment. Almost four out of every five livestock weigh scales and milk meters sold in the world today bear the name Tru-Test.
Tru-Test is exposed to foreign exchange movements, with Australia, the Americas, Asia and Europe being its main markets and so having a system that can record, report and value these hedges is important for Tru-Test in managing its risks.
Tru-Test’s Chief Financial Officer Ian Hadwin said “as we have continued our growth we recognized that spreadsheets were no longer an appropriate way of managing our foreign exchange and interest rate risks. With The new IFRS 13 requirements to calculate CVA and DVA Hedgebook has made this easy.”
We welcome Ian and Tru-Test as new HedgebookPro users.