| London - May 31 2006 Point Nine Financial | | | | philosophy is that full risk management |
| Technologies announced today that it's | | | | requires the storage and identification of |
| flagship system, FinanceBelt now supports | | | | all factors which affect the portfolio's |
| clients transactions traded under standard as | | | | risk. Prime brokers often have hedged CDS |
| well as customized master legal agreements | | | | positions under differing customized |
| within the ISDA framework. All credit | | | | agreements as part of their intermediation |
| instruments are supported including CDS, | | | | service and managing the legal risk from |
| bespoke CDO's, Nth to default, Index Swaps | | | | those differences can be time consuming. |
| and index tranches. | | | | Institutions cannot afford to make mistakes. |
| | | | With FinanceBelt they can quantify and manage |
| FinanceBelt stores all standard market | | | | that risk." Comments Len Fricker, Sales |
| conventions relating to credit transactions | | | | Director of Point Nine. |
| and applies them as appropriate to each trade | | | | |
| by default and amendments can be made to each | | | | About Point Nine |
| and every field. In addition, counterparties | | | | |
| to a trade can also customize any part of the | | | | Point Nine is a leading vendor of trading and |
| ISDA agreement. This allows the traders, | | | | risk management systems to the hedge fund, |
| compliance and risk managers to identify | | | | banking and asset management sectors, |
| immediately any differences between | | | | specializing in credit derivatives. |
| apparently offsetting CDS positions which | | | | FinanceBelt is extremely cost effective and |
| otherwise would appear to be hedged. The | | | | quickly deployed either over the web as an |
| hidden risk as a result of differences in the | | | | ASP or hosted internally by the client. |
| legal terms of a CDS can sometimes be | | | | FinanceBelt and all Point Nine's applications |
| significant. | | | | are kept at the cutting edge of industry |
| | | | practice using Platforma©, our business |
| "Generating the full ISDA documentation is | | | | rules engine. Customers include hedge funds, |
| part of our overall commitment to offering | | | | banks and asset managers. With Point Nine, |
| the ultimate credit risk management system to | | | | cost of ownership is minimized as customers |
| the industry. Legal risk is generally an | | | | are able to go live within days or weeks |
| overlooked area in this industry and our | | | | rather than months. |