AIR FRANCE has taken ICYFX to price and monitor its FX options strategies.

Press Release Paris 19th of June 2003

Air France, 3rd worldwide in international passenger with over 1,700 daily flights and 43.3 million passengers has chosen ICYFX to price and monitor its FX options strategies.

Mr Jerome DAVIRON (Front Office Dealer) declares "What I like very much in ICYFX is its userfriendliness and fast performance. Eventhough all ICYFX features are relevant and highly valuable. ICYFX helps me to figure out my hedging level and benchmark my trades according to internal budget rate on a single or global position".

"We are delighted with this opportunity to work with Air France Treasury Team. We like to emphasize our comitment to stick to the ever changing business needs of our customers." says Nicolas de Breteuil (Sales Manager ICY software).

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