ICAP and FINCAD Add CVA to Fair Value Insight

Fair Value Insight Addresses Credit Adjustment Needs in Financial Regulations

LONDON, NEW YORK and VANCOUVER, February 3 - ICAP (IAP.L), the world's premier interdealer broker and provider of post
trade services, and FINCAD, the leading global provider of financial
analytics, announced today the addition of Credit Value Adjustment (CVA) to
Fair Value Insight.

Credit valuation adjustments are required to meet fair value and
mark-to-market regulatory requirements (FAS 157/IFRS 7)
(www.fincad.com/derivatives-resources/regulations/default.aspx). Fair
Value Insight now includes the ability to calculate CVA and a facility to
enter proprietary credit curves, so once trade details and credit curves are
entered Fair Value Insight does the rest. A full expected exposures table is
also provided which can be downloaded for further analysis.

Fair Value Insight is an affordable Software-as-a-Service (SaaS)
derivatives valuation solution
(www.fincad.com/derivatives-solutions/default.aspx) built with
FINCAD's industry standard analytics and ICAP's unrivaled market data. The
solution provides accurate, transparent valuations for OTC derivatives and
fixed income securities. Customers can save time and enhance the visibility
of their derivatives positions by having reports automatically delivered via
email.

"The addition of Credit Value Adjustment calculations to Fair Value
Insight addresses the stringent regulations requiring derivative users to
incorporate credit risk in their portfolio valuations," said Bob Park,
President and CEO, FINCAD. "Fair Value Insight not only provides the ability
to include this adjustment but also provides complete views of models,
assumptions and documented methodology to help with regulatory compliance."

To learn more about Fair Value Insight go to
www.fincad.com/fair-value-insight

About FINCAD

Since 1990 FINCAD has provided software and services for valuation and
risk management of cross-asset class derivatives and fixed income securities
to banks, corporate treasuries, asset managers, auditors, and governments.
FINCAD is the industry standard for financial analytics used by over 3,500
organizations in more than 80 countries. Over 70 Alliance Partners embed
FINCAD analytics within their solutions. FINCAD serves its clients from
offices in Dublin, Ireland and Vancouver, Canada. For additional information,
visit www.fincad.com.

About ICAP

ICAP is the world's premier interdealer broker and provider of post trade
services. The Group matches wholesale buyers and sellers in interest rates,
credit, commodities, foreign exchange, emerging markets, equities and equity
derivatives through voice and electronic networks. ICAP is the source of
global market information and research for international financial market
professionals. ICAP plc was added to the FTSE 100 Index on 30 June 2006. For
more information, visit www.icap.com.

    Contact:
    Armita Seyedalikhani
    FINCAD
    a.seyedalikhani@fincad.com
    +1-604-957-1222

Armita Seyedalikhani of FINCAD, +1-604-957-1222, a.seyedalikhani at fincad.com