Riskspan Announces Landmark Innovation in Pricing Service

New York - 12 October 2011

To address middle office risk management and trader demand, RiskSpan announced today the release of its proprietary independent pricing service. Built by RiskSpan, the model provides daily pricing for the universe of structured products and mortgage assets.

Joe Sturtevant, co-founder and Pricing Executive of RiskSpan stated: “We are now pricing bonds in the manner in which a trader would and providing context that streamlines the audit process. It’s novel, unique and places RiskSpan at the forefront of independent risk and pricing solutions; this is a new direction in clarity for the industry.”

Suhrud Dagli, who co-founded the RiskSpan software business in 2001, added: “Our data modeling and scenario capability harnesses the power of cloud computing to deliver an accurate market value with real time pricing and can process thousands of securities in virtually minutes.”

In development since financial reform efforts took center stage in the national housing public policy debate, the release of the RiskSpan pricing service was timed to meet the demand and growing clamor for independent pricing services.

“From my perspective, RiskSpan’s pricing service provides context and clarity with market color. In today’s environment, speed and integration are just as critical as the advanced analytics RiskSpan provides,” said Frank Vetrano, Managing Principal – Structured Credit Risk Management, Great Falls Advisors.

Dagli will profile the new RiskSpan offering at the ABS East conference in Miami on October 16, as a panelist on the “Latest Developments in Mortgage Analytics for Investors” session.

As a sponsor of the October ABS East conference, RiskSpan staff and co-founder Suhrud Dagli will be on hand to share the corporate vision and strategy that led to the development of the RiskSpan pricing service, with components that range from non-agency RMBS, ABS, CMBS, CDO, agency backed MBS and residential whole loans.

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