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CMS Includes Multi-Currency Capability in BondEdge Software Initial focus to be on U.S. market with plans to go international June 9, 1998, Los Angeles, CA - Capital Management Sciences, a division of Data Broadcasting Corp. (Nasdaq:DBCC), today announced the latest release of BondEdge, the leading fixed income portfolio analysis software used by institutional investors. One of the major enhancements in BondEdge version 3.1 is the ability for clients to incorporate non-dollar instruments into fixed income portfolios for more complete reporting and analysis. While CMS will initially market the multi-currency capabilities to U.S. clients, partnering opportunities to take the product overseas are also being explored. "With EMU fast approaching, there will be ever more opportunities to invest outside the U.S. More investment management professionals have adopted non-U.S. instruments to round out their portfolios. As the fixed income asset mix becomes more diversified, it becomes increasingly important to value the complete portfolio of domestic and non-U.S. dollar denominated securities," said Teri Geske, senior vice president of product development for CMS. The multi-currency enhancement allows portfolio managers to track exposure to each country and currency represented in a portfolio and converts all holdings into a base currency. Reports provide the ability to show cashflows in each currency coming into a portfolio. On a daily basis, CMS maintains a currency matrix with exchange rates for twenty currencies. The new multi-currency system also allows portfolio managers to incorporate currency forward rate agreements into their analyses, showing overall exposure on a hedged and unhedged basis. Sandie Kinchen, vice president of Fremont Investment Advisors in San Francisco, said, "We use BondEdge to manage over $300 million, of which $250 million is in a global portfolio. When we are able to more efficiently incorporate domestic as well as multi-currency securities in our analysis, we can better focus on our total fixed income portfolio strategy. CMS' BondEdge system and the new multi-currency enhancement help to quantify hedging and currency risk more effectively and aids in reporting across all our accounts."
Lorraine DiBacco
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