Resolution announces partnership with Triple Point Technology

Triple Point to use Resolution’s Derivative Pricing Technology.

Vancouver, BC, Nov. 22, 2010 — Resolution Financial Software announced its partnership with Triple Point Technology today, the leading provider of multi-market commodity and enterprise risk management software. Triple Point has joined The Resolution Partner Program whereby Triple Point will utilize Resolution’s derivative pricing library within its Commodity XL for Hedge Accounting™ product. This enables Triple Point clients to have a single platform to ensure compliance with FAS 133 and IAS 39 requirements.

Resolution founder Dr. Greg Anderson says, “We are excited to be working with a company such as Triple Point and we are pleased to see our pricing models used by a wider audience.” Resolution has been working with a number of partners that provide everything from corporate treasury solutions to asset management tools. This is Resolution’s first partner that concentrates on commodity and risk management  technology.

Michel Zadoroznyj, Vice-President, Product Center, Treasury & Regulatory Compliance Division of Triple Point Technology says, “Resolution made that decision very easy for us. The Resolution Partner Program mirrors how we license our products to the end-users. By using a derivative pricing specialist we are able to focus on the core development of our hedge accounting solutions.” Resolution is providing Triple Point with its complete derivative pricing library including pricing models for interest rate swaps and swaptions.

The Resolution Partner Program includes the Resolution Developer product. The program allows developers the right to embed the analytics within their own solution, be it a shrink wrapped software product or a software-as-a-service solution. The analytics include tools for the valuation and risk management of interest rate swaps, currency options, fixed income, commodity and equity derivatives. The benefits of Resolution Partner Program are two-fold. It allows software developers to lower their development costs and get their products to market faster.

About Resolution Financial Software

Resolution Financial Software has been providing financial derivative pricing solutions since 2002. Formed by Dr Greg Anderson, Resolution has a team of pricing and software development experts that combine their advanced knowledge of derivative pricing and software design to produce some of the most accurate and robust pricing tools available on the market. Resolution has offices in Vancouver, Canada & Auckland, New Zealand. Free evaluations versions of the software can be downloaded from www.DerivativePricing.com

About Triple Point Technology

Triple Point is the leading global provider of innovative software solutions to efficiently and profitably manage commodities and enterprise risk.  Triple Point’s growing, loyal customer base of over 260 companies represent all industries with exposure to energy and raw materials including oil and gas, coal, metals, agriculture, transportation, shipping, consumer products (CP), discrete manufacturers, and big box retailers.  The company was named a ‘Leader’ in Gartner’s ETRM Magic Quadrant for its completeness of vision and ability to execute.  Triple Point offers the only real-time solution to manage market/price, counterparty credit, operational, and regulatory risk on a tightly integrated platform.  Founded in 1993 and headquartered in Westport, CT, USA, Triple Point employs over 600 people in 11 offices and support centers around the globe. www.tpt.com.

Original press release: http://www.prweb.com/releases/prweb2010/11/prweb4810994.htm