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Menlo Park, CA - November 1, 2000 - Risk Management
Solutions (RMS) today announced the release of version 2 of
Climetrix®, the leading weather derivatives trading and risk
management platform. The new version represents a major advancement
in functionality including complete mark-to-model analytical
capabilities for dynamically tracking the risk to individual weather
derivative contracts and portfolios.
The release of version 2 was timed to coincide with the November 1
start date of standard winter season contracts. In the new version,
RMS has extended the analytical tools and simulation models in
Climetrix to allow users to analyze the risk profile of their
weather risk contracts at any point in time once the contract
periods have started. In support of this functionality, RMS has
built into Climetrix daily feeds from strategic partner Earth
Satellite Corporation of cleaned prior day temperature data and
short and medium range forecasts for 200 U.S. weather stations. The
data in these feeds is accessible by all licensed clients at the
start of each trading day.
"With this release, the Climetrix application provides both traders
and end-users with mission-critical capabilities to monitor the
day-by-day progression of their weather derivative positions. This
enables both highly informed trading decisions and as well as
compliance with internal risk management controls," commented Paul
VanderMarck, Managing Director of RMS' weather risk division.
Climetrix is an Internet-based application that provides a
comprehensive range of cleaned and enhanced weather data,
sophisticated pricing tools, and portfolio management capabilities
for the weather derivatives market. The application can be accessed
at www.climetrix.com.
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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