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POINT NINE ANNOUNCES ENHANCED LEGAL RISK MODULE SUPPORTING MULTIPLE CUSTOMISED ISDA AGREEMENTS

London - May 31 2006 Point Nine Financialphilosophy is that full risk management
Technologies announced today that it'srequires the storage and identification of
flagship system, FinanceBelt now supportsall factors which affect the portfolio's
clients transactions traded under standard asrisk. Prime brokers often have hedged CDS
well as customized master legal agreementspositions under differing customized
within the ISDA framework. All creditagreements as part of their intermediation
instruments are supported including CDS,service and managing the legal risk from
bespoke CDO's, Nth to default, Index Swapsthose 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 marketthat risk." Comments Len Fricker, Sales
conventions relating to credit transactionsDirector  of  Point  Nine.
and applies them as appropriate to each trade
by default and amendments can be made to eachAbout  Point  Nine
and every field. In addition, counterparties
to a trade can also customize any part of thePoint 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 identifybanking and asset management sectors,
immediately any differences betweenspecializing in credit derivatives.
apparently offsetting CDS positions whichFinanceBelt is extremely cost effective and
otherwise would appear to be hedged. Thequickly deployed either over the web as an
hidden risk as a result of differences in theASP or hosted internally by the client.
legal terms of a CDS can sometimes beFinanceBelt 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 isrules engine. Customers include hedge funds,
part of our overall commitment to offeringbanks and asset managers. With Point Nine,
the ultimate credit risk management system tocost of ownership is minimized as customers
the industry. Legal risk is generally anare able to go live within days or weeks
overlooked area in this industry and ourrather than months.



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