FAS 157

Chatham Financial, a globally recognized leader in interest rate risk, currency risk, debt advisory, accounting and valuations, today announced the expansion of its comprehensive valuation platform to provide the broader business community access to its sophisticated technology and robust methodology applied to financial instruments across the entire balance sheet.

New Service Offering Powered by Numerix

Syntel, Inc., (NASDAQ: SYNT) a global information technology services and Knowledge Process Outsourcing (KPO) company, today announced that it will begin providing independent pricing services to the Company’s global buy-side and sell-side clients. Syntel will utilize Numerix’s cross-asset pricing and risk analytic technology to power the new offering.

OTC Valuations Limited (OTC Val), a leading provider of independent derivatives valuation and risk reports for structured products and exotic derivatives, is pleased to announce it has expanded its valuation service to include non-performance risk .

Under FAS 157, non-performance risk refers to the risk that the obligation will not be fulfilled and thus affects the value at which the liability is transferred. Therefore, FAS 157 requires the fair value of the liability to include an adjustment for the non-performance risk related to the liability.