Delivering consistent and transparent pricing, risk management and comprehensive scenario analysis

London, 29 October 2003 - Tamesis, a leading supplier of new generation risk
management and trading solutions to investment banks, today announced that
Dresdner Kleinwort Wasserstein (DrKW) has selected Tamesis Risk Informer to
provide real-time risk and p&l, and dynamic trade capture for its credit
derivatives trading operations. The system is currently being rolled out

The system consolidates the management of structured credit products and
delivers consistent and transparent pricing, risk management and
comprehensive scenario analysis to front office and management staff. Risk
Informer's dynamic trade capture facility allows DrKW to turn around new products quickly and to include them as part of their aggregated risk and p&l. Providing a complete, consistent and highly configurable view of credit and market risk, it allows traders to target more effective pricing and hedging.

The selection followed a four-week pilot during which a subset of the bank's
trades and analytics were integrated and the system was deployed to the desktop. The pilot delivered real-time risk and p&l across the traders' own
trade data using their proprietary analytics.

Dipak Shah, global head of credit derivatives IT, DrKW, said, "We were looking for a system that could be adapted quickly to meet our evolving business needs. Having looked at a number of vendors, Tamesis was able to demonstrate superior flexibility and functionality, and could integrate into our environment easily. We have been able to leverage our other services, such as our analytics, within Risk Informer. Our time to market has been dramatically reduced by our use of Tamesis."

"Consolidating risk and p&l is fundamental to the growth of our credit
derivatives and securitisation business. We are expanding the instrument coverage within Risk Informer and will use its dynamic trade capture function to price, capture and manage our structured trades," said Marc Townsend, global business manager for credit trading, DrKW.

James Tomlin, managing director, Tamesis, commented: "The ability to support
financial product innovation is the key to success in this market. With DrKW
we have demonstrated that Risk Informer is ideally placed to respond to the
demands of credit derivatives trading."

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