UnRisk2.1 with more sophisticated deal types.

Dec 6, 2003-- The UnRisk consortium today announced the release of UnRisk2.1 the latest Version of its UnRisk PRICING ENGINE for Mathematica, the fast-paced and accurate derivatives analytics solution. UnRisk 2.1 adds complex structures including Snowballs, Ratchet Floaters, General Amortizing Constant Maturity Swaps, which are all callable and putable.

"All efforts put in UnRisk's high-end numerics based on adaptive integration, finite elements, streamline diffusion and regularization, object-oriented design and open architecture pay back now. They allow us, as well as our customers, to enrich and enlarge the base of instrument types accessing the same analytics platform continuously. The more instruments and contract features we have implemented the faster we can create new increasingly complex deal types", says Andreas Binder, head of the UnRisk maker MathConsult.

UnRisk integrates a computationally optimized numerical engine realized in C++ into Mathematica's powerful computation and declarative programming environment. Its careful design aims at the pricing and risk management of financial objects, which represent a whole universe of real world financial instruments.