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IRIS AG launches customizable option pricing function

02-08-2006 01:25 PM CET | IT, New Media & Software

Press release from: IRIS integrated risk management ag

Zurich, February 8, 2006 – IRIS AG (www.iris.ch) announced today the release of a fully customizable option pricing routine. This new capability is an extension of the integrated financial analysis infrastructure riskpro™.

The main benefit of the option pricing function for the user is that he can evaluate and analyze almost any kind of option contract. The user has total control: he defines the pay-off function for the option, its exercise type (from simple European to exotic American or Bermudan style) and adds any kind of values to be monitored over time. The underlying contract can be pure notional, physical or a basket. The pricing model is based on the LIBOR market model using Monte Carlo simulation and the Longstaff-Schwartz method. A powerful graphical interface makes it easy and intuitive to operate.

“According to the feedback we are getting from our clients this is one of the most powerful option pricing routines currently available”, stated Dr. Juerg Winter, CEO, IRIS AG.

The new option pricing function has been developed by the IRIS AG financial engineering team of riskpro™, the integrated financial analysis infrastructure for risk and profitability analysis being used in over 200 institutions in 15 countries.

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For additional information please contact Andreas Jaek, Member of the Executive Board, +41 (0)44 388 59 59, iris.info@iris.ch, www.iris.ch.

riskpro™ enables to measure and monitor risk and profitability enterprise-wide with a single cost effective integrated analysis infrastructure. riskpro™ covers ALM, Exposure Analysis, Value at Risk, Funds Transfer Pricing, Dynamic Simulation, Limits, Historization, Basel I and II, Risk-Adjusted Performance Analysis, Credit Exposure, Credit Loss, IAS/IFRS 32/39 and complies with the Sarbanes-Oxley requirements for accuracy of results. The underlying universal contract-centric data model and calculation engine of riskpro™ ensures precision and consistency in all results. It is recognized by customers and established consultants as the most integrated solution on the market.

IRIS AG, founded in 1992 in Zurich, continuously develops, maintains and supports its riskpro™ financial analysis infrastructure. Selling, implementation and consulting are executed worldwide by IRIS AG and in cooperation with a number of partners such as Accenture, ATOS Origin, Bazy i Systemy Bankowe, d-fine, Intracom, NCR Teradata Financial Services, Tata Consultancy Services, etc.

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