Zeliade announced today that it implemented a state-of-the-art multi-name credit library providing pricing and risk analysis for multi-name Credit portfolios at BlueCrest Capital Management LP, a leading European hedge fund manager with approximately $14.5 B under management.

"Our business has very high standards, and we expected the same from Zeliade Systems. We foremost appreciated their result driven approach. They could only do so by assembling a small, but most importantly flexible team that combined IT, numerical and financial skills. Zeliade worked efficiently with our top Quants and proved very reactive and flexible in our demands. As a result, they were able to deliver a customized library with performances that exceeded other packages", says Farid Amellal, Co-Head of the Multi Strategy Credit Strategy, from BlueCrest Capital Management LP.

"BlueCrest Capital Management LP is a typical case where Zeliade comes in during the set-up phase of a high-profile Investment Fund. We were pleased to collaborate with BlueCrest from the outset. Our team and BlueCrest's collaboration was very efficient and complementary, allowing both teams to complete this ambitious project in record time", says Claude Martini, Zeliade Systems CEO.

CRIS consortium has been selected for funding by government agencies.

The survey details the latest developments in technology for derivatives pricing, trading and risk management.

CRIS is a platform for independent valuation and risk management of credit derivatives.

CMA (www.cmavision.com) is a credit information specialist. CMA provides credit market pricing data and intra-day services which increase productivity, efficiency and speed of transactions.

Zeliade has been selected among 300 ISVs by Microsoft France, to be part of IDEES, an initiative to support high potential French ISVs, that grants Zeliade technological, marketing and sales support, in France and abroad.

This partnership allows Zeliade Systems to integrate Markit’s CDS data with their flagship product Zeliade Credit Analytics. Markit CDS data is available in Zeliade Systems’ products through a dedicated Market data management module that enables, with a single click, selective data extractions from external data providers, in particular from Markit.

"A reflection principle for correlated defaults", published in “Stochastic Processes and their Applications”, Volume 116, Issue 4, April 2006

	The first white paper "Credit Index Calibration: How do Models Perform?" is a comparative analysis on calibrations performed on Credit index tranches. It shows significant enhancements provided by the Zeliade Model
	The second white paper "Zeliade Credit Analytics Library: Tranche Pricing Algorithm" shows significant improvements for index pricing calibration: speed can be dramatically reduced while preserving accuracy

The partnership was set up to develop synergies around business development, know how and tools. JPLC was founded by Jean-Pierre Lardy, former credit derivatives and credit portfolio Managing Director for JP Morgan, who brings in extensive market experience

The contract supports research targeted on credit derivatives as well as a conference on capital structure arbitrage

The partnership is aimed at developing synergies around tools and business opportunities in risk management focusing on corporates. Founded by Capital Markets experienced professionals Eric BOULOT and Jean-Nicolas HUTIN, Riskedge is a consultancy advising large and medium-sized companies on how to best manage their financial risks.