OpenLink

OpenLink Announces Newest Version of Findur's Credit Derivative Solution

Next Generation Software Version 8.1 Release

NEW YORK, NY, June 25, 2007 /Business Wire/  — OpenLink, a leading provider of cross-asset trading, risk management and operations processing software solutions – announced today the release of Findur's Credit Derivatives Solution newest version.

Findur version 8.1, now features the latest developments in front-to-back straight through processing (STP) for credit derivatives. Findur's credit derivative solution was developed closely with OpenLink’s client base in response to the rapid growth and evolution of the credit derivatives markets. Several major financial institutions are in various stages of implementing the latest features across their credit derivatives desks.

Highlights of Findur's Credit Derivative module in version 8.1 include:

• The latest credit derivative products including credit indexes, tranched indexes, synthetic CDOs, default baskets, and CDS Options
• State-of-the-art valuation methods including Copula based Semi-Analytical and Monte Carlo pricing models
• Advanced real-time analytics and stress testing capabilities
• Full suite of standard messaging and affirmation interfaces
• Standard ISDA protocol compliant workflows for Novations, Assignments, Early Terminations, and Buyouts
• Credit Event management and settlement modules
• New interfaces to data services
• Grid Services enable users to easily scale their business activities across a cluster of engines, including their valuation/risk analytics, STP processing, end-of-day workflows and accounting

Commenting on the latest Findur credit derivatives solution, Phil Wang, VP of Product Management with OpenLink, noted “To support the rapid growth of credit derivatives and the expansion of market participants, we are committed to providing a full featured front-to-back STP solution. As banks increasingly expect multi-asset technology platforms, the breadth of our Credit Derivatives solution is a vital component of our unmatched asset class and product coverage”.

Findur version 8.1 is available in several deployment options including onsite installations and as an ASP.

About OpenLink

Founded in 1992, OpenLink is a leading developer of cross-asset trading, risk management, and operations processing software solutions. The company's Next Generation eXtensible (NGX) platform supports the most rigorous business requirements of firms trading in virtually all asset classes including interest rate derivatives, credit derivatives, hybrid/structured products, fixed income securities, insurance securities, foreign exchange, money markets, crude products, natural gas, electricity, metals, soft, and other commodities. OpenLink's global client base includes 120+ clients such as Banco Central de Costa Rica, Banco Itaú, Banco de Mexico, Bank of Canada, Bank for International Settlements, Deutsche Bank, HBOS Treasury Services, Key Bank, and Nationwide Building Society. Headquartered in Long Island, New York, and with offices in London, Houston, New York City, Berlin, Vienna, Sydney, and São Paulo, OpenLink employs 500 professionals worldwide.

Editorial Contact

e-mail: Dorianne Landolphi
OpenLink
Marketing Communications Manager
Direct phone: +1 516 394 1115
Fax number: +1 516 394 1197