Exotic default-loss tranch credit product derivatives risk analytics insight enhancement model

Just a wildass guess: This PR department is not exactly aligned with PR as described by Jeneane Sessum, which strangely resembles human activity. But you tell me:

NEW YORK--(BUSINESS WIRE)--NumeriX, the award-winning, independent leader in pricing and risk analytics for fixed income, credit, foreign exchange, hybrids, cross currency, inflation rate and equity derivatives, today announced the release of the first commercially available pricing model for exotic credit products. The new two-dimensional Markovian model is the first to enable traders to quickly and accurately capture the impact of the dynamics of aggregate credit portfolio default loss. This makes the new model the industry’s most sophisticated tool for the valuation of complex Collateralized Debt Obligations (CDOs) and derivatives, including options on tranches, forward starting CDOs and other credit instruments. As a result, traders gain increased insight into fast moving credit markets with highly volatile spreads, with reduced risk and higher profits. Bizidnez Wire.