SOURCE: Triple Point Technology

Triple Point Technology

September 18, 2009 09:30 ET

Peabody Energy Selects Triple Point for Foreign Exchange, Interest Rate and Commodity Hedging

Only Software Solution to Ensure FAS 133 Hedge Accounting and FAS 157 Fair Value Disclosure Compliance Across Multiple Asset Classes

WESTPORT, CT--(Marketwire - September 18, 2009) - Triple Point Technology®, the leading global provider of multi-market commodity and enterprise risk management software solutions, announced today that Peabody Energy has selected Triple Point's Commodity XL™ for Hedge Accounting and Fair Value Disclosure. Peabody will use Commodity XL to assist in meeting the regulatory requirements related to FAS 133, FAS 157 and FAS 161 for its hedging activities across Foreign Exchange (FX), Interest Rates (IR) and Energy Commodities.

Peabody Energy is the world's largest private-sector coal company, booking 2008 sales of 256 million tons of coal and $6.6 billion in revenues. The energy company's coal products fuel 10 percent of all U.S. electricity generation and 2 percent of worldwide generation.

The energy company's selection of Commodity XL™ follows Triple Point's recent announcement of an integrated software solution for FX, IR and Commodity hedge accounting and fair value disclosure. Read the full announcement.

About Triple Point Technology

Triple Point Technology® is the leading global provider of multi-market commodity and enterprise risk management software solutions. Triple Point's Commodity XL profitably integrates physical and financial markets on a real-time, service-oriented architecture (SOA) platform for commodities including power, oil, gas, coal, emissions, base and precious metals, agricultural products, biofuels and freight. In addition to Triple Point's award-winning commodity and energy trading software being used by more than 25 percent of both Global 500 commodity trading and Global 500 energy companies, other organizations with large raw material and energy exposure, including consumer products (CP), discrete manufacturers and big box retailers, are quickly adopting the Triple Point solution. Named to the Deloitte Technology Fast 50 for ten straight years, Triple Point added to its record-breaking organic growth in 2008 with the acquisitions of INSSINC, the leading provider of hedge accounting and fair value level software and ROME Corporation, the industry leader in credit risk software solutions. Triple Point, headquartered in Westport, Connecticut, USA, was founded in 1993 and serves clients from nine development and support centers located around the globe. More information is available at www.tpt.com.

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