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Newark, Calif. - July 16, 2001 - Risk
Management Solutions (RMS), the world's leading provider of products
and services for the management of natural hazard risks, today
released version 2.4 of the Climetrix® weather derivatives trading
and risk management system. The new version incorporates numerous
enhancements and further advances the modeling capabilities
available to weather derivative traders, portfolio managers, and
end-users. Key new features in the release include:
- Support for contracts based on average
temperature indexes, expanding the range of weather risks that can
be modeled in the Climetrix system to include all forms of
temperature-based contracts
- Streamlined contract entry and analysis to
facilitate rapid decision making
- Advances in individual contract pricing
tools
- Significant expansion of portfolio risk
reporting capabilities, including new risk metrics, regional
breakdowns of portfolio risk, and detailed insights into the
risk/return characteristics of all underlying positions
- Data import and export functionality that
allows users to seamlessly transfer detailed information on
individual contracts or portfolios between Climetrix and their
other trading and back office systems using a common data format
published by RMS
Climetrix is an Internet-based application that provides integrated
access to all of the data, advanced pricing tools, and portfolio
management capabilities necessary for successful participation in
the weather market. The application can be accessed at
www.climetrix.com. Since the initial release of Climetrix in July
2000, more than 70% of active weather market participants have
licensed the system or the underlying weather data.
About RMS
Risk Management Solutions is the world's leading provider of
products and services for catastrophe, weather, and enterprise 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, RMS, and the RMS
logo are trademarks of Risk Management Solutions, Inc. All other
trademarks are property of their respective
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