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