CMS BondEdge and Milliman, Inc Announce Product Integration to Deliver Seamless Cash Flow Testing and Stochastic Analysis
November 03 2005 - 9:00AM
Business Wire
CMS BondEdge, a division of Interactive Data Corporation (NYSE:
IDC) and a leading provider of fixed income portfolio analytics,
today announced an agreement to fully integrate the CMS BondEdge
structured finance cash flow library with MG-ALFA (R), an actuarial
asset/liability management system developed by Milliman, Inc.
Mutual clients will be able to generate and retrieve cash flows for
any of the 11,000 active CMO/ABS/CMBS deals modeled by CMS BondEdge
from within MG-ALFA. Laurie Adami, president of CMS BondEdge,
commented, "We are very pleased to be working with Milliman in
order to provide a more robust and fully integrated cash flow
testing solution to the insurance industry. This new offering is a
timely, direct response to insurance regulatory initiatives calling
for integrated asset/liability modeling. By incorporating DLL
technology, we've made BondEdge(R) features available as callable
functions that can be easily invoked from other leading
applications, MG-ALFA in this instance. Just as important, this
technology could be expanded to allow any outside application to
invoke a variety of BondEdge calculations or analytics in a similar
way." Pat Renzi, MG-ALFA Product Manager for Milliman, adds, "While
MG-ALFA has supported an import/export process with BondEdge for
many years, this seamless integration facilitates the ability of
our clients to comply with the stochastic analysis required by
emerging regulatory requirements. More importantly, this proactive
step to work together with CMS BondEdge positions our clients to
perform stochastic-in-stochastic analysis on both assets and
liabilities. We are proud to be the first actuarial software vendor
we are aware of to deliver such an offering." says Renzi. About
Milliman Milliman, whose corporate offices are in Seattle, serves
the full spectrum of business, financial, government and union
organizations. Founded in 1947 as Milliman & Robertson, the
company has 32 offices in the United States as well as offices in
Bermuda, Hong Kong, London, Madrid, Mexico City, Milan, Munich, Sao
Paolo, Seoul, Tokyo, and Warsaw. Milliman employs approximately
1,850 people, including a professional staff of about 850 qualified
consultants and actuaries. The firm has consulting practices in
healthcare, property & casualty insurance, employee benefits,
and life insurance/financial services. It is a founding member of
Milliman Global, an international organization of consulting firms
serving insurance, employee benefits, and healthcare clients
worldwide. For further information, visit www.milliman.com. About
CMS BondEdge CMS BondEdge, an Interactive Data division (NYSE:
IDC), has been a provider of fixed income portfolio analytics to
the investment community for over 25 years. Its client base
includes more than 550 leading banks, investment managers,
brokerage firms, insurance companies and pension funds throughout
North America and Europe. CMS BondEdge is recognized in the
industry for BondEdge. Dedicated exclusively to fixed income,
BondEdge delivers the portfolio analysis tools enabling its
customers to identify opportunities and analyze portfolio risk
using the latest modeling techniques and cutting-edge research.
About Interactive Data Interactive Data Corporation (NYSE: IDC) is
a leading global provider of securities pricing, financial
information and analytic tools to institutional and individual
investors. The company supplies time-sensitive pricing (including
evaluated pricing), dividend, corporate action and descriptive
information for more than 3.5 million securities traded around the
world, including hard-to-value instruments. Many of the world's
best-known financial service and software companies subscribe to
the company's services in support of their trading, analysis,
portfolio management and valuation activities. Interactive Data is
headquartered in Bedford, Massachusetts. Through its branded
businesses, FT Interactive Data, ComStock, CMS BondEdge and
eSignal, Interactive Data has approximately 1,800 employees in
offices located throughout North America, Europe, Asia and
Australia. Pearson plc (LSE: PSON; NYSE: PSO), an international
media company whose businesses include the Financial Times Group,
Pearson Education and the Penguin Group, owns approximately 60
percent of the outstanding common stock of Interactive Data
Corporation. For further information please see:
www.interactivedata.com
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