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Newark, Calif. – Apr. 18, 2005 – Risk
Management Solutions (RMS), the world’s leading provider of products
and services for the management of natural hazard risk, today
released version 4.3 of its Climetrix® weather derivatives trading
and risk management system. The new version includes a number of
features that reflect developments in the weather market and the
needs of the Climetrix user-base.
In particular, in response to the increasing importance and volume
of weather trading on the Chicago Mercantile Exchange, Climetrix now
supports automated settlement calculations for both CME and
over-the-counter deals. Reflecting the growing demand for
comprehensive information on risk, Climetrix also now includes
improved methods for efficient multi-model portfolio analysis. Other
new features include additional information on how to delta hedge a
weather portfolio and additional graphics to help users visualize
the potential impact of new trades on a portfolio.
“With the changes implemented in version 4.3, RMS clients can use
Climetrix to calculate precise settlement values for portfolios that
contain a mixture of OTC and CME trades,” said Steve Jewson,
director of weather risk at RMS. “RMS’ strategic alliance with the
supplier of CME settlement data (Earth Satellite Corporation) allows
us to make this settlement calculation process very efficient, and
eliminates the need for our clients to spend time managing different
data sets and solving settlement conflicts.”
More information about Climetrix can be accessed at: http://www.climetrix.com/.
Climetrix 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.
About RMS
Risk Management Solutions is the world’s leading provider of
products and services for catastrophe 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 web site at
www.rms.com.
Climetrix and RMS are registered trademarks,
and the RMS logo is a trademark of Risk Management Solutions, Inc.
All other trademarks are property of their respective owners.
Editorial Contacts
Jim Marren
TorranceCo, New York
1-212-786-6133
jmarren@torranceco.com
Steve Jewson
Risk Management Solutions, London
+44 (0)20 7444 7719
steve.jewson@rms.com
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