QUANTIFI ANNOUNCES ENHANCMENTS TO ADVANCED MODEL TO PRICE AND RISK MANAGE CROSS-CURRENCY EXOTIC CREDIT DERIVITAVES

New York, NY - August 4, 2004 - Quantifi LLC, a financial software company focused on analytics and risk management solutions for the world's credit markets, today announces the latest release of Quantifi Toolkit version 4.1 - its advanced and comprehensive suite of credit derivative pricing models.

The toolkit includes pricing of FX options, caps and floors for the cross-currency hybrid credit derivatives model, and can be used by global financial institutions such as banks, hedge funds, and insurers to value and risk manage the most complex exotic credit derivative products trading in the marketplace.

"This release further improves Quantifi's leadership in credit modeling with the addition of several significant new features including pricing functions for FX options, caps, and floors for calibrating our model for cross-currency hybrid credit products," said Rohan Douglas, Founder and CEO of Quantifi.

The Quantifi Toolkit supports a wide variety of credit products and is the most comprehensive suite of credit derivative pricing models available.

A partial list of products covered includes credit default swaps (CDS), options on CDS, Nth to default (NTD) baskets, collateralized debt obligations (CDOs), structured notes, credit options, FX options, caps, floors, and quanto and contingent credit products. The toolkit is designed using an innovative and flexible object-oriented approach that provides a simple and extensible interface that dramatically reduces the time-to-market for new models and allows for easy integration with existing proprietary systems.

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