FX Week

Standard & Poors Teams Up With Algo To Offer RiskDirect Via Internet

RISK MANAGEMENT

LOS ANGELES--McGraw-Hill Cos.' Standard & Poor's has teamed up with Algorithmics to launch RiskDirect, an Internet-delivered service aimed at helping risk managers meet the reporting requirements of the forthcoming Financial Accounting Standards Board's Rule 133 (FAS 133). RiskDirect will aid corporations as they seek to demonstrate a consistent and verifiable methodology for valuing and reporting their use of derivatives in hedging.

The service was announced last month at the annual conferen

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