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