RMS Releases Weather Derivative Program Climetrix® Version 5.0

February 28, 2006

Newark, Calif.-based Risk Management Solutions (RMS), a leading provider of products and services for the management of natural hazard risk, announced the release of new version of its weather derivatives trading and risk management system.

“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,” said the bulletin. “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,” stated 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://www.climetrix.com. Climetrix provides integrated access to all data, pricing tools, and portfolio management capabilities needed to participate successfully in the weather derivatives market.

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