SOURCE: Kamakura Corporation

April 18, 2007 10:00 ET

Kamakura Announces New Edition of "Credit Risk Models and the Basel Accords"

HONOLULU, HI -- (MARKET WIRE) -- April 18, 2007 -- Kamakura Corporation reported today that a new edition of "Credit Risk Models and the Basel Accords," by Kamakura's Donald R. van Deventer and Kenji Imai, has been released by publisher Toyo Keizai (www.toyokeizai.co.jp) in Japan. The new edition is a substantially updated version of the original, first published by John Wiley & Sons in 2003. The translation and editing team was led by Professor Ryozo Miura of the Hitotsubashi Graduate School of International Corporate Strategy (www.ics.hit-u.ac.jp). The same book is now available in traditional Chinese in an edition produced by the Taiwan Academy of Banking and Finance (www.tabf.org.tw). The Korean edition, translated by Hun-jin Jang of Unisys Korea (www.unisys.co.kr), was published in 2006. The modern Chinese version was published in 2005.

"All of us at Kamakura Corporation, especially authors Donald R. van Deventer and Kenji Imai, would like to thank Professor Miura and his team for their very substantial contribution to credit modeling and model testing," said Warren Sherman, Kamakura President and Chief Operating Officer. "Professor Miura and his colleagues have added substantially to the book's exposition of how macroeconomic factors drive default risk. Their revisions to the original English text make it even more clear how to build these links in default models and how to test that the models are performing well, both under the new Basel II rules and under best practice."

Professor Miura's translation team members included
Mr. Saturo Ono of Daiwa Securities SMBC (Chapters 1 and 2)
Mr. Yasuhiko Tara of Sumitomo Trust (Chapters 3 and 4)
Mr. Katsuhiro Sato of a leading international consulting firm (Chapters 5
and 6)
Mr. Hiroki Tomiyasu of Morgan Stanley (Chapters 7 and 8)
Mr. Yoshito Tetsuda of Daiwa Securities SMBC (Chapters 9 and 10)
Mr. Jun Hironaka of Nomura Securities (Chapters 11, 12, and 13)
About Kamakura Corporation

Kamakura Corporation is a leading provider of risk management information, processing and software. Kamakura has been a provider of daily default probabilities and default correlations for listed companies since November 2002. Kamakura launched its business mortality model for unlisted companies in January 2004. Kamakura is also the first company in the world to develop and install a fully integrated enterprise risk management system that analyzes credit risk, market risk, asset and liability management, and capital allocation. Kamakura has served more than 160 clients ranging in size from $3 billion in assets to $1.6 trillion in assets. Kamakura's risk management products are currently used in 23 countries, including the United States, Canada, Germany, the Netherlands, France, Switzerland, the United Kingdom, Eastern Europe, the Middle East, Africa, Australia, Japan, China, Korea and many other countries in Asia.

Kamakura's research effort is led by Professor Robert Jarrow, who was named Financial Engineer of the Year in 1997 by the International Association of Financial Engineers. Professor Jarrow and Dr. van Deventer were both named to the 50 member RISK Hall of Fame in December 2002. Kamakura management has published more than 100 publications on credit risk, market risk, and asset and liability management. Kamakura has world-wide distribution alliances with IPS-Sendero (www.ips-sendero.com) and Unisys (www.unisys.com), making Kamakura products available in almost every major city around the globe.

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