Case Study: First Calgary Financial achieves faster, more accurate derivatives valuations and significant time savings with FINCAD’s Hedge Accounting Insight

Hedge Accounting Insight Saves Time and Improves Productivity at First Calgary Financial

First Calgary Financial, a Calgary‑based credit union with over $3 billion in assets and 80,000 members, needed a fast, independent way to verify counterparty valuations on its derivatives portfolio. Prior to implementation it relied on externally provided quotes and lacked an in‑house valuation tool to run weekly checks; the credit union selected FINCAD’s web‑based Hedge Accounting Insight to meet this need.

FINCAD’s Hedge Accounting Insight provided automated, transparent valuations, built‑in documentation and intuitive SaaS access, letting First Calgary Financial run valuations in minutes rather than hours (from a few hours to about 10–15 minutes), increase valuation frequency, and produce audit‑ready reports. The solution improved negotiation power and pricing (one counterparty quote matched Hedge Accounting Insight within 0.01%), reduced operational risk and saved significant time—positively impacting First Calgary Financial’s bottom line.

First Calgary Financial

Brian Graham

Manager Treasury