cfX’s projection technology supports the evaluation of the arbitrage-impacted marginal costs and benefits of HFA management’s strategies and tactics, capturing all of the interactions across the Global Entity’s existing balance sheet and, if appropriate, future additions to the balance sheet. Results are presented via easily understood metrics, reports and graphics. cfX’s comprehensive and up-to-date financial projection model simulates future performance using alternative economic and managerial assumptions, ranging from tests of rating agency depression scenarios to scans of multiple business scenarios under a wide range of future interest rate paths.