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Complex Derivative Valuations At Your Fingertips

Mark to Market Limited
For immediate release

Complex Derivative Valuations At Your Fingertips

Independent, real time, online financial instrument valuation service launches.

April 11th, 2006 -- Mark to MarketTM Limited have today released their independent online financial instrument valuation solution – “m2m onlineTM”.

Mark to MarketTM Limited is a wholly owned subsidiary of Resolution Financial Software Ltd (Resolution). Resolution was started by Greg Anderson, an acknowledged expert in derivative pricing. Resolution Pro, the flagship pricing software suite developed by Resolution over two years ago, has attracted customers worldwide.

The introduction of an online pricing service is largely motivated by a recent change in financial reporting standards. Dr Anderson states that “with companies facing the complex challenges of meeting new International Financial Reporting Standards, in particular the standard dealing with hedge accounting for financial instruments (IAS 39, FAS133), Resolution recognized that clients were looking for a simple, cost– effective, and independent solution to these demands.”.

The m2m onlineTM solution combines the power of Resolution Pro financial pricing software with real time market data in order to meet both the “fair value” and “arms length” stipulations of new standards for financial reporting.

The service is capable of valuing portfolios of a number of financial products, from cash loans and deposits through to complex derivatives.

“Because even a small number of derivative trades can add significantly to the risk profile of any corporation, the users of m2m onlineTM will have the advantage of being able to use the system as a risk management tool in addition to its accounting functionality”, according to Andrew Bell, Mark to Market’s experienced financial markets consultant.

Over 1500 individual items of market data are updated up to 5 times daily creating an extremely flexible valuation tool. Dealers, corporate treasurers, accountants, CFO’s and company directors can initiate valuations from the convenience of their internet enabled desktop.

The simplicity of the system was a key driver in the development process. “m2m online quickly, accurately and independently values financial instruments, and the ease of access and immediate response has proven to be empowering for our clients, says Andrew Bell.

The m2m onlineTM service requires minimal corporate user input. Financial instruments are added to the portfolio by m2m staff subject to strict verification rules.

Once entered, transaction details cannot be manipulated by users, giving further credence to the independence of the service. All data is held securely and in accordance with international best practice for information security. Users of m2m onlineTM are able to produce multi-counterparty, multi-product valuation reports within minutes of creating a valuation request for internal trading, risk management or accountancy and audit purposes for a simple monthly subscription.

The New Zealand Association of Credit Unions has been trialing m2monlineTM for the past month. Chief Executive, Doug McLaren comments that "m2monline is a great tool that allows us to track our interest rate exposure and minimize the compliance cost of meeting IAS39. Peter Miles, our Finance Officer, has tested the accuracy of the system and I am confident in the reliability of the produced valuations." Whilst New Zealand corporations and their accountants are the first to benefit from this new service, the service is also available to international users. Graeme Marshall, the business development manager for m2monline, points out that even though the service has only been launched this week, clients have already subscribed from as far afield as Europe.

“By building on our established reputation as a derivatives pricing specialist, we have been able to move into a niche in the valuation business quite seamlessly” states Graeme. “The m2monlineTM solution is aimed at providing an affordable independent valuation tool that will empower our clients and enable them to more easily meet their requirements under NZIAS 39.”


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About Mark to Market Limited

Mark to Market Limited is a wholly owned subsidiary of Resolution Financial Software Limited, based in Christchurch New Zealand. Address: Level 8, 180 Manchester Street, P O Box 13-804, Christchurch For more information about Mark to Market Limited and m2monline, please visit

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