RMS releases portfolio-based pricing for weather derivatives
Risk Management Solutions (RMS), a California-based provider of software for managing natural hazard risks, has released version 3.3 of its Climetrix weather derivatives trading and risk management system.
New portfolio management functionality in Climetrix 3.3 includes an expanded range of portfolio risk measures and breakdowns of portfolio exposure during a season. Automated daily updating of RMS market data has also been added to Climetrix to facilitate the daily mark-to-market process.
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