Newark, Calif. – March 8, 2004 –
Risk Management Solutions
(RMS), the world’s leading provider of products and services for
the management of natural hazard risk, today released version 4.0
of its Climetrix® weather derivatives trading and risk
management system.
Climetrix is an Internet-based application that provides
integrated access to all of the data, pricing tools, and portfolio
management capabilities that are needed to participate
successfully in the weather derivatives market.
Some of
the new features available in Climetrix 4.0 include:
·
A completely redesigned contract entry and pricing
screen that provides optimal usability and speed for weather
traders
·
User-defined Short Term VaR metrics for portfolio
risk management
·
A customizable counterparty credit risk report
·
Discounting functionality tied to automatically
updated interest rate feeds for 27 international currencies
·
Ability to perform “quick analyses” for rapid access
to pricing information based on user-defined pricing models
“Climetrix is now used by more than half of
the companies who are involved in trading weather derivatives in the
United States and Europe,” said Steve Jewson, director of business
development at RMS. “Over the last year we have spent a significant
amount of time working with our clients to determine what they need
to be more efficient and profitable in their weather businesses.
Climetrix 4.0 is the result.”
In addition to the new capabilities available
in Climetrix 4.0, RMS and partner Earth Satellite Corporation
continue to expand their commercial database of cleaned global
temperature data. Recent additions include cleaned hourly
temperature and precipitation data for 200 U.S. locations,
temperature and precipitation data for 108 Canadian locations,
temperature data for New Zealand, and precipitation data for
Germany.
More information about Climetrix can be
accessed at: http://www.climetrix.com/.
About RMS
Risk Management Solutions is the world’s
leading provider of products and services natural hazard risk
management. More than 400 leading insurers, reinsurers, trading
companies, and other financial institutions rely on RMS models to
quantify, manage, and transfer risk. Founded at Stanford University
in 1988, RMS serves clients today from offices in the U.S., Europe,
and Japan. For more information, visit our website at
www.rms.com.
Sarah Goodall
Risk Management Solutions, London
+44 (0)20
7256 3815
sarah.goodall@rms.com
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