Triple Point Technology Announces Commodity XL for Fair Value Disclosure -- Comprehensive...

Triple Point Technology Announces Commodity XL for Fair Value Disclosure -- Comprehensive Software Solution for FAS 157 Compliance and Fair Value Level Setting

Second product released in Treasury Management and Regulatory
Compliance solution suite
WESTPORT, Conn.--(Business Wire)--
Triple Point Technology(R), the established leader in
cross-industry commodity and energy trading, risk management,
scheduling and logistics software solutions, announced today the
launch of Commodity XL for Fair Value Disclosure(TM), the second
product in its Treasury Management and Regulatory Compliance solution
suite. Commodity XL for Fair Value Disclosure is a comprehensive
module for FAS 157 and IFRS 7 compliance and is fully integrated with
Triple Point's advanced commodity trading platform.

"FAS 157 came into effect in the fourth quarter last year and
requires public companies to classify commodity derivatives into three
levels, disclosing the quality of the fair market measures; starting
with observable traded market price inputs and proceeding to
unobservable inputs and Black box methodologies. The fundamental
change FAS 157 introduces is that the mark-to-model techniques and
measures of hard to value assets must be transparent to stakeholders
and that all market values be discounted by credit risk," said Elie
Zabal, Triple Point's senior vice president of treasury management and
regulatory compliance solutions. "Commodity XL for Fair Value
Disclosure provides real-time, integrated tools to measure and manage
fair value level setting; it meets strict disclosure requirements and
provides financial statement transparency required for regulator and
shareholder confidence."

Commodity XL for Fair Value Disclosure has extensive functionality
for FAS 157 and IFRS 7 compliance. It provides robust tools to define,
measure and manage fair value levels. Commodity XL for Fair Value
Disclosure employs a consistent, rules-based framework for calculating
fair value, discounting by credit risk and assigning levels. In
addition, the solution delivers on-going, in-depth month-to-month
analysis of fair value levels and transitions from one level to
another.

"Organizations that fail to produce consistent and transparent
disclosures of all three fair value levels required by FAS 157, run
the risk that regulators, investors, counterparties and stakeholders
will lose faith in reported financials," said Mike Ravo, Triple
Point's vice president of industry solutions. "By deploying Commodity
XL for Fair Value Disclosure, organizations ensure all level
assignments and mark-to-model valuations use consistent and auditable
methods."

Commodity XL for Fair Value Disclosure is the second product
released in the Triple Point Treasury Management and Regulatory
Compliance solution suite. Commodity XL for Hedge Accounting(TM), the
first product announced, is a dynamic software hedge accounting engine
that supports FAS 133 and IAS 39 compliance, enabling firms to balance
between optimal economic benefit, risk management and stable financial
statements. It is the industry's most advanced and most effective
solution to profitably account for hedging and risk management
activities. From market pricing and effectiveness testing to
documentation and flexible report generation, the Triple Point
solution enables organizations to comply with FAS 133, IAS 39, SAS
133, CICA 3865 and AASB 139 hedge accounting standards.

Commodity XL for Fair Value Disclosure and Commodity XL for Hedge
Accounting are based on mature, well-tested software solutions Triple
Point obtained in its acquisition of INSSINC. INSSINC, now a division
of Triple Point, serves more than sixty leading energy and commodity
industry leaders throughout North America and Europe including such
notable companies as PacificCorp, TransAlta, TransCanada, SUEZ Energy,
Southern Company, Ameren Energy, PPL Corporation (Pennsylvania Power &
Light), Scottish Power, The J.M. Smucker Company and Campbell Soup
Company.

About Triple Point Technology

Triple Point Technology is the established leader in
cross-industry commodity and energy trading, risk management,
scheduling and logistics software solutions. Triple Point Commodity
XL(TM) profitably integrates physical and financial markets from the
front-to-back office on a real-time, next-generation platform for all
commodities, including power, oil, gas, coal, base and precious
metals, agricultural products, biofuels and freight. Triple Point's
award-winning commodity and energy trading software solutions are used
by more than 25 percent of both Global 500 commodity trading companies
and Global 500 energy companies. Founded in 1993 and headquartered in
Westport, Connecticut, USA, Triple Point serves clients from nine
development and support centers located around the globe. More
information is available at www.tpt.com.

Triple Point Technology
Jennifer Jones, +1-203-291-7973 x290
jenniferj@tpt.com

Copyright Business Wire 2008