Cheminova uses SUPERPORT for worldwide management of currency risks between the company and its sales subsidiaries. The risks are covered via currency forwards, options and swaps. Also the company’s loan and interest portfolios will be managed in SUPERPORT.

For accounting purposes, SUPERPORT will help apply the accounting standard, IAS 39 regarding Hedge Accounts. SUPERPORT divides the financial transactions in ’Hedge transactions’ and 'Non-Hedge transactions’. The entire basis for Hedge Account data is created with SUPERPORT.

Finally, Cheminova focuses on Counterpart risk, in light of the current financial instability.

SUPERPORT is a treasury system that lives up to our requirements of a flexible and reliable system for handling financial risks. Ability to react and reliability in the data foundation are two of the key elements for our investment in SUPERPORT.
Jørgen Broe, Treasurer