Software manages weather derivative contracts and portfolios.April 3, 2006 -
Climetrix® v5.0 provides comprehensive range of weather data and state-of-the-art modeling capabilities for analyzing and tracking individual weather risk contracts and portfolios. System allows users to schedule automatic analyses and delivers results via e-mail or sends them to client-specified FTP address. It generates also allows users to generate premium and settlement invoices for all relevant counterparties and contracts in any portfolio.
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Original Press release
RMS, Inc.
7015 Gateway Blvd
Newark, CA, 94560
USA
RMS Releases Version 5.0 of Climetrix® Weather Derivative Trading System with Enhanced User Experience Functionality
NEWARK, Calif., Feb. 27 - Risk Management Solutions (RMS), the world's leading provider of products and services for the management of natural hazard risk, released version 5.0 of its Climetrix® weather derivatives trading and risk management system. The upgrade includes a number of new features designed to enhance the user experience in work flow, process, and reporting capabilities.
Climetrix 5.0 introduces a capability that allows users to schedule automatic analyses and have the results delivered to them via e-mail or sent to a client-specified FTP address. Additionally, it includes an option that enables users to price 'covered call' or 'covered put' contracts as single structures and generate a new report that shows the source of any changes in portfolio valuation from one analysis to another. Among other features, Climetrix 5.0 allows users to generate premium and settlement invoices for all relevant counterparties and contracts in any portfolio with the single click of a button.
"The ability to schedule portfolio analyses that run automatically and deliver results by e-mail allows our clients to get updated portfolio valuations as soon as new weather or forecast data becomes available," said Jeff Hamlin, director of weather risk solutions at RMS. "Furthermore, the functionality to automatically run and send portfolio valuation results to specified FTPs allows for easy integration of weather portfolio results with other risk management systems used in the market. This new set of features dedicated to the user experience is a significant step forward for Climetrix and its users."
More information about Climetrix can be accessed at: http://climetrix.com/. Climetrix provides integrated access to all data, pricing tools, and portfolio management capabilities 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 http://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.
Source: Risk Management Solutions
Web site: http://www.rms.com/
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