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Newark, Calif. - October 15, 2001 -
Risk Management Solutions (RMS), the world's leading provider of
products and services for the management of natural hazard risks,
today announced the addition of Canadian temperature data to the
Climetrix® weather derivatives trading and risk management system.
The new dataset includes 50 years of daily measurements for 20 of
the primary weather stations in Environment Canada's national
meteorological network and has been compiled and cleaned by RMS and
strategic partner Earth Satellite Corporation (EarthSat). The
historical data is supplemented in the Climetrix system with
automated daily feeds of prior day data to enable traders and
end-users to accurately mark their weather derivative positions
using the latest available information.
Climetrix (www.climetrix.com)
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. More information on the data described in this press
release, including a complete station listing, can be accessed at
http://www.climetrix.com/products/historical_data.htm.
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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