fw : afternoon tea with fea vince :
thanks for surfacing . happy new year !
linda
december 2000 financial engineering associates , berkeley , ca
gentlepeople ,
as the end of the year rapidly approaches , it seems timely to thank you for
your business this year . thank you for helping to make this the best year
ever for fea !
and , wed also like to wish you happy holidays and a healthy and prosperous
new year .
earlier this year , fea initiated  3 virtual coffee break  4 , an emailed
newsletter for fea alliance partners . it has proven to be a popular and
useful media to share information . this is our first effort at an emailed
newsletter to fea clients ,  3 afternoon tea with tracie ) . we hope you will
take a few minutes to skim it for pertinent information and then move it to
your fea file folder for future reference .
* * * announcing fea product updates ! * * *
fea has been extraordinarily busy running extensive testing on new releases .
the following should be available to all clients , who are current on
maintenance , in just a couple weeks . we will send an email notification of
the availability of the release , and cds will be shipped . if you prefer ,
email support @ fea . com to request download instructions .
@ energy . 2 . 0 will feature the release of the forward curve builder and the
swing ( take or pay ) options valuation module . the forward curve builder , as
its name suggests , calibrated the forward price curve for power
( electricity ) and other commodity markets . some additional new features in
the 2 . 0 release include a jump diffusion model for european - style options ,
an option on a strip of options and an option on a strip of spread options .
varworks 4 . 0 includes sophisticated stress testing , support for individual
equities , and new easier to use templates . eagerly awaited by fea clients ,
the addition of stress testing capabilities has been a top priority for
fea ' s engineering team . fund managers will be happy to hear that individual
( sectorial ) equities are now supported in varworks . 4 . 0 .
if you do not own a license for @ energy or varworks , and want to evaluate
them , email sales @ fea . com and request a 30 day demo . product demos are free
to existing fea clients . curious about a product , but dont have time to
install a demo , read the instructions and experiment ? visit
www . fea . com / demos . htm and select alternative one . we can now demo fea
software on your computer screen , via the internet .
* * * list of current versions of fea products now posted on - line !
you may refer to www . fea . com / support . htm for details of the most current fea
product releases .
* * * fea newswire : fea and its chief scientistmark garman have been awarded a
4 th us patent ! patent 6 , 122 , 623 recognizes the " watershed method " as fea ' s
second us patent defining cutting - edge methodologies for var . the importance
of the recent invention is that it will allow market risk to be more
accurately allocated into accounting periods . mark ' sprior patent in the var
arena pertained to the calculation of " marginal var " or " component var , "
which allowed risk managers to " slice and dice , " or dissect enterprise - wide
var into its constituent components . ( see the pressrelease at
www . fea . com / pdf / watershed _ pr . pdf ) .
* * * first beta site for varworks se * * * www . fea . com / press _ rm . htm
look for a press release announcing the first beta site for feas varworks .
se ( server edition ) . varworks ses dynamic risk analysis and reporting
environment will enable the delivery of customized risk profiles to dozens
of exchange participants . ( see the product description at
http : / / www . fea . com / p _ varse . htm . )
* * * did you hear ? ? ? ? ?
riskmetrics , as of 1 / 15 / 2001 , will be charging for their previously free
data sets . only outdated data sets will be available at no charge .
feas makevc product allows you to build your own customized data sets
utilizing historical time series data that you may already have available to
you . you may request a free 30 day demo of makevc from
www . fea . com / demos . htm . product demos are free to existing fea clients .
* * * plan ahead
the next var seminar will be late spring 2001 . see
www . fea . com / seminars . htm for information as it becomes available , or browse
the october 2000 seminar brochure . you may also contact sales @ fea . com to
reserve your space .
* * * the fea frequent flyers * * *
december / january , madrid , spain , carlos
january 15 + calgary and toronto , canada , tracie
february 13 - 14 , new york , garp 2001 , laurent and christine
february 13 - 15 , germany , e * trade chris and ursula
february 19 , london , tracie
contact sales @ fea . com to arrange a meeting .
the fine print : we are interested in your feedback , and ideas for future
topics . please send an email if you do not want to receive future fea
newsletters . mailto : elena @ fea . com
fw : afternoon tea with fea
vince :
thanks for surfacing . happy new year !
linda
december 2000 financial engineering associates , berkeley , ca
gentlepeople ,
as the end of the year rapidly approaches , it seems timely to thank you for
your business this year . thank you for helping to make this the best year
ever for fea !
and , wed also like to wish you happy holidays and a healthy and prosperous
new year .
earlier this year , fea initiated  3 virtual coffee break  4 , an emailed
newsletter for fea alliance partners . it has proven to be a popular and
useful media to share information . this is our first effort at an emailed
newsletter to fea clients ,  3 afternoon tea with tracie ) . we hope you will
take a few minutes to skim it for pertinent information and then move it to
your fea file folder for future reference .
* * * announcing fea product updates ! * * *
fea has been extraordinarily busy running extensive testing on new releases .
the following should be available to all clients , who are current on
maintenance , in just a couple weeks . we will send an email notification of
the availability of the release , and cds will be shipped . if you prefer ,
email support @ fea . com to request download instructions .
@ energy . 2 . 0 will feature the release of the forward curve builder and the
swing ( take or pay ) options valuation module . the forward curve builder , as
its name suggests , calibrated the forward price curve for power
( electricity ) and other commodity markets . some additional new features in
the 2 . 0 release include a jump diffusion model for european - style options ,
an option on a strip of options and an option on a strip of spread options .
varworks 4 . 0 includes sophisticated stress testing , support for individual
equities , and new easier to use templates . eagerly awaited by fea clients ,
the addition of stress testing capabilities has been a top priority for
fea ' s engineering team . fund managers will be happy to hear that individual
( sectorial ) equities are now supported in varworks . 4 . 0 .
if you do not own a license for @ energy or varworks , and want to evaluate
them , email sales @ fea . com and request a 30 day demo . product demos are free
to existing fea clients . curious about a product , but dont have time to
install a demo , read the instructions and experiment ? visit
www . fea . com / demos . htm and select alternative one . we can now demo fea
software on your computer screen , via the internet .
* * * list of current versions of fea products now posted on - line !
you may refer to www . fea . com / support . htm for details of the most current fea
product releases .
* * * fea newswire : fea and its chief scientistmark garman have been awarded a
4 th us patent ! patent 6 , 122 , 623 recognizes the " watershed method " as fea ' s
second us patent defining cutting - edge methodologies for var . the importance
of the recent invention is that it will allow market risk to be more
accurately allocated into accounting periods . mark ' sprior patent in the var
arena pertained to the calculation of " marginal var " or " component var , "
which allowed risk managers to " slice and dice , " or dissect enterprise - wide
var into its constituent components . ( see the pressrelease at
www . fea . com / pdf / watershed _ pr . pdf ) .
* * * first beta site for varworks se * * * www . fea . com / press _ rm . htm
look for a press release announcing the first beta site for feas varworks .
se ( server edition ) . varworks ses dynamic risk analysis and reporting
environment will enable the delivery of customized risk profiles to dozens
of exchange participants . ( see the product description at
http : / / www . fea . com / p _ varse . htm . )
* * * did you hear ? ? ? ? ?
riskmetrics , as of 1 / 15 / 2001 , will be charging for their previously free
data sets . only outdated data sets will be available at no charge .
feas makevc product allows you to build your own customized data sets
utilizing historical time series data that you may already have available to
you . you may request a free 30 day demo of makevc from
www . fea . com / demos . htm . product demos are free to existing fea clients .
* * * plan ahead
the next var seminar will be late spring 2001 . see
www . fea . com / seminars . htm for information as it becomes available , or browse
the october 2000 seminar brochure . you may also contact sales @ fea . com to
reserve your space .
* * * the fea frequent flyers * * *
december / january , madrid , spain , carlos
january 15 + calgary and toronto , canada , tracie
february 13 - 14 , new york , garp 2001 , laurent and christine
february 13 - 15 , germany , e * trade chris and ursula
february 19 , london , tracie
contact sales @ fea . com to arrange a meeting .
the fine print : we are interested in your feedback , and ideas for future
topics . please send an email if you do not want to receive future fea
newsletters . mailto : elena @ fea . com