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Technology / AI and automation

RMS releases Climetrix weather derivative trading platform

The company says that Climetrix 5.0 allows users to schedule automatic analyses and have the results delivered to them via e-mail or sent to a client-specified FTP address. Among its other features, it will also allows users to generate premium and settlement invoices for all relevant counterparties and contracts in any portfolio with the single click of a button.

The ability to schedule portfolio analyses that run automatically and deliver results by e-mail allows our clients to get updated portfolio valuations as soon as new weather or forecast data becomes available, said Jeff Hamlin, director of weather risk solutions at RMS.

Furthermore, the functionality to automatically run and send portfolio valuation results to specified FTPs allows for easy integration of weather portfolio results with other risk management systems used in the market. This new set of features dedicated to the user experience is a significant step forward for Climetrix and its users.

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CBR Staff Writer

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