GoldenSource Launches Derivatives Solution to Offer Complete View of Risk

By Prne, Gaea News Network
Sunday, March 15, 2009

LONDON and NEW YORK - New Solution Addresses Instrument Level and Counterparty Transparency;
Feeds Into Risk and Trading Applications

GoldenSource Corporation, a global software provider of enterprise data
management (EDM) solutions for financial and securities institutions
worldwide, today launched a new data solution, GoldenSource for Derivatives,
to help financial institutions accurately value portfolios and manage risk
for derivatives products. A preconfigured solution for risk management,
GoldenSource for Derivatives allows for a 360 degree view of instrument,
issuer and counterparty exposure, creating a local CDS warehouse capability.

GoldenSource for Derivatives increases transparency and auditability for
derivatives portfolios held by banks, brokers and asset managers by feeding
trading and risk management systems with accurate and trustworthy data. The
solution was developed in response to client demand for instrument-level
transparency and in anticipation of increased regulatory and repository
requirements

“Given increasing, board-level and regulatory pressure, the industry
needs to increase auditable transparency and decrease the operational risk
inherent with derivatives. This increased oversight directly translates to an
increasing need for industry-led data repository solutions,” said Larry Tabb,
founder and CEO of TABB Group, a financial markets research and advisory
firm.

“With a 360 degree view of activity, a firm can increase their
transparency not just at a simple counterparty level but at a total corporate
hierarchy level,” said Mike Meriton, president and CEO of GoldenSource. “The
complexity of derivatives instruments make it difficult to understand quickly
how changes in underlying data, such as a counterparty credit rating, can
impact values across portfolios unless all data is linked. GoldenSource is
unique in its ability to handle the diverse nature of derivatives data, since
we can source, validate and distribute all terms and conditions data, client
and counterparty details, as well as transaction related data throughout the
life cycle of a derivatives contract.”

GoldenSource for Derivatives organizes, archives, stores and categorizes
all attributes of a wide range of exchange-traded and OTC derivatives,
including any underlying securities’ characteristics. The product provides
flexible integration with document management, trading and risk systems,
allowing firms to build a trusted repository of all derivatives-related data.

The new GoldenSource for Derivatives solution will be showcased at FIMA
2009; Bridgewater’s, New York, March 16-18, 2009. For more information,
please visit www.wbresearch.com/fimausa/index.asp.

About GoldenSource

GoldenSource makes it easy to manage critical reference and market data.
We offer an integrated Enterprise Data Management (EDM) platform for the
securities and investment management industry.

Our innovative products are designed to create, maintain and distribute a
trusted golden copy. Our unique data model covers all financial instruments,
customers and counterparties, and extends to transactions and positions. The
ability to connect, organise and aggregate trusted information reduces risk,
drives better decisions and helps our customers achieve their goals.
GoldenSource solutions are used by forward-looking banks, brokers, investment
managers and service providers to reconcile tactical departmental goals and
strategic enterprise objectives.

A proven supplier of on premises EDM solutions to the world’s largest
financial institutions, GoldenSource also powers managed data services via
the innovative Powered by GoldenSource(TM) program.

For more information, visit www.thegoldensource.com

For more information
U.S. press office UK press office
Metia Inc. Metia
Sheryl Lee/ Ashleigh Egan Katie Horrex/ Daniel Diaz
Tel: +1-917-320-6462/ 6454 Tel. +44(0)20-3100-3581/ 3729
Email: MetiaGoldenSource@metia.com Email: MetiaGoldenSource@metia.com

Source: GoldenSource Corporation

For more information: U.S. press office, Metia Inc. Sheryl Lee/ Ashleigh Egan, Tel: +1-917-320-6462/ 6454, Email: MetiaGoldenSource at metia.com; UK press office, Metia, Katie Horrex/ Daniel Diaz, Tel. +44(0)20-3100-3581/ 3729, Email: MetiaGoldenSource at metia.com

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