Reval Launches Reval Center

NEW YORK, New York – September 26, 2005 –, Inc.

Reval®, a provider of financial risk management technology solutions and services, announced today the launch of Reval CenterTM, a new service performing independent derivative valuations. As a service bureau, Reval Center receives transaction data electronically or manually via fax or mail from the client and rapidly provides accurate, objective valuation and other relevant information.

Reval Center is geared towards corporate treasuries or financial institutions that hedge risk exposures using derivatives for liability management, investment management and/or anticipated transactions, as well as for banks and hedge funds who trade in derivatives and are required to have independent valuations. Institutions who fall under the Sarbanes-Oxley Act, the Basel II capital framework or who need to comply with hedge accounting rules like FAS 133 and IAS 39, should have valuations separate from or in conjunction with valuations they receive from their derivative dealers.

"We are seeing business from a variety of derivative users who may already have their own system to value derivatives but still need a secondary validation," notes Jiro Okochi, CEO of Reval. "The service bureau model is the perfect approach to accommodate this need as Reval Center offers accuracy, independence and a hands-free solution, all without disrupting the internal IT infrastructure."

Leveraging its popular derivative ASP solution, HedgeRx®, and its staff of derivative experts, Reval can provide valuations on "plain-vanilla" and exotic options for a broad array of interest rate, foreign exchange, energy and soft commodity derivatives.

"Most of the requests we are getting so far are around structured derivative products with different embedded plain-vanilla and exotic options" said Phil Pettinato, COO of Reval. "The trick is understanding not only how to properly model the different option components, but of obtaining the right market data inputs."

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