Basel-II News

Xinhua Finance and Fermat Partner to deliver Basel II, Risk and Performance Software Solutions to China

(July 15, 2007)-- Xinhua Finance Limited, China's premier financial information and media services provider, announced the signing of an exclusive agreement with Fermat, a leading independent provider of risk and performance management solutions to the global banking industry, to distribute and support Fermat's range of Basel II, Risk and Performance management software solutions in Mainland China.

This strong alliance will expand Xinhua Finance's offerings for its core client group of investment firms, credit institutions and, especially, retail and commercial banking operations as they move toward compliance with the Basel II Capital Accords and International Accounting Standards. The pact also enables Fermat, which recently was voted the overall global #1 Basel II solution vendor by readers of RISK Magazine, to extend its presence in Asia to the rapidly internationalizing Chinese financial sector.

Fermat's Basel II, Risk and Performance Management software solutions complement Xinhua Finance's comprehensive portfolio of data and analytics products, which include market indices, financial data banks, credit ratings assessments, financial modeling tools and a market risk management platform. In particular, Fermat's regulatory capital calculation and reporting solution, Fermat CAD (Capital Adequacy Directive) Basel II, is expected to fulfill growing demand in China for Basel II compliance systems before the 2010 implementation deadline. The Basel II Capital Accords are recommendations on banking laws and regulations issued by the Basel Committee on Banking Supervision, an institution created by the central bank Governors of the Group of Ten nations.

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