Climetrix^® Weather Derivative System Launches Seamless Integration with TFS White Board and YellowJacket Software's YJ Weather

Newark, Calif. – July 17, 2006  – Risk Management Solutions (RMS), the world’s leading provider of products and services for the management of natural hazard risk, today released version 5.1 of its Climetrix® weather derivatives trading and portfolio risk management system. This release provides an automated, direct link between Climetrix and the two most important sources of over-the-counter (OTC) weather market data: TFS White Board and YellowJacket Software’s YJ Weather. Climetrix version 5.1 also includes expanded option pricing functionality that automatically identifies the most valuable OTC trades available in the market.

The features added to version 5.1 provide further examples of how Climetrix automates processes that add significant value to a weather trading desk. The new functionality included in Climetrix 5.1 saves traders from performing time-consuming deal entry and also provides automatic notification of any potentially valuable deals posted to TFS White Board or YJ Weather.

Jeff Hamlin, director of Weather Risk Solutions at RMS, comments, “By directly linking Climetrix with the TFS White Board and YellowJacket’s YJ Weather, our clients can instantly price virtually all weather contracts quoted in the OTC market. Details of these OTC markets are automatically loaded into Climetrix and then updated on a real-time basis so traders can spend less time on deal entry and more time trading.”

Climetrix version 5.1 also includes expanded option pricing functionality that instantly calculates the value of any new OTC market relative to recently traded or recently quoted values. This new functionality ranks all existing OTC option markets according to value, allowing clients to focus on the most valuable opportunities available in the OTC market.

More information about Climetrix can be accessed at: www.climetrix.com. Climetrix provides integrated access to all of the data, pricing tools, and portfolio management capabilities that are needed to participate successfully in the weather derivatives market.