S&P, Algo To Offer RiskDirect Via Web

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LOS ANGELES--McGraw-Hill Cos.' Standard & Poor's has teamed up with Algorithmics to launch RiskDirect, an Internet-delivered service aimed at helping risk managers meet the reporting requirements of the forthcoming Financial Accounting Standards Board's Rule 133 (FAS 133). RiskDirect--available at http://www.riskdirect.com--will aid corporations as they seek to demonstrate a consistent and verifiable methodology for valuing and reporting their use of derivatives in hedging.

The service was

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