Fin Tools Software Montgomery Investment Technology Inc

® Fin. Tools Software Montgomery Investment Technology, Inc. Financial Modeling Software and Consulting Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

CONTENTS What is Fin. Tools®? u u u u OPTIONS XL EXOTICS XL BONDS XL UTILITY XL RISK XL Quote. Tools Sig. Tools u u Option Tracker Financial Calculators – – Options. Calc Exotics. Calc Bonds. Calc Volatility. Calc MITI Mission Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

What is Fin. Tools® ? u Spreadsheet and Database “Add-In” Programs u Financial Function Libraries for Developers for Options, Exotics, and Bonds Pricing, and Risk Management u Statistical tools for analyzing historical price distributions Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

Customer Benefits u Cost effective and market tested financial modeling software u Meets the needs of financial institutions, traders and corporations in today’s changing markets u Pricing and risk management functionality u Expert product support u Corporate License discounts Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

Fin. Tools® Modules u Option, Exotic, and Bond Pricing Models for you Spreadsheet, Database or Application: – OPTIONS XL – EXOTICS XL – BONDS XL – UTILITY XL – RISK XL Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

“ What-If ” Scenario Analysis u u u OPTIONS XL Premium Series Flexible Binomial Eurodollar Options Custom Models Real Options Montgomery Investment Technology, Inc. OPTIONS XL www. fintools. com CONTENTS

OPTIONS XL Premium u u u u u Black-Scholes Modified Black-Scholes B-S Pseudo-American Black (futures) Garman-Kohlhagen (FX) French Eurodollar Options Binomial Jump-Diffusion, CEV, Lines (custom) Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

Function: Options. BS() Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

OPTIONS XL Templates Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

OPTIONS XL Binomial Illustrated Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

OPTIONS XL Flexible Binomial Series allows: u Flexible input of key option variables u Stepped strikes, changes in yield over time u Discrete cash flows, multiple interest rates, repo rate u Hybrid ("Bermuda" style early exercise) u American and European style options Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

Function: Options. Flex. Bin() Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

FAS 123 Toolkit Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

FAS 123 Wizard Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

FAS 123 Wizard Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

EXOTICS XL u u u Average Barrier Binary Chooser Compound Montgomery Investment Technology, Inc. u u u Currency-Translated Lookback Portfolio Rainbow Spread www. fintools. com CONTENTS

EXOTICS XL Average u u Theoretical Value and sensitivities of European style Average Price / Rate options using a closed form geometric average model. Monte Carlo method for time frequency adjustments Montgomery Investment Technology, Inc. u u Theoretical Value and sensitivities of European style Average Price/Rate options using a closed form arithmetic average model. Monte Carlo method for time frequency adjustments www. fintools. com CONTENTS

EXOTICS XL Calculator Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

EXOTICS XL Barrier u Allows you to calculate theoretical value, delta, gamma, theta, vega, implied volatility and intrinsic value of European style “Knockout” and “Knockin” options using a closed form approach. u Binomial method for American-style and Double Barrier options. u Monte Carlo method for time frequency Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

EXOTICS XL Help File Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

EXOTICS XL Binary u Allows you to calculate theoretical value and sensitivities of more than 25 European style “Binary” options using a closed form approach. Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

EXOTICS XL Chooser u Allows you to calculate theoretical value and sensitivities of European style options using a closed form approach. Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

EXOTICS XL Compound u Allows you to calculate theoretical value, delta, gamma, theta, vega and implied volatility of European style Compound options on options using a closed form approach. Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

EXOTICS XL Lookback u Allows you to calculate theoretical value, delta, gamma, theta, vega and implied volatility of European style Lookback call and put options using a closed form approach. u Monte Carlo method for time frequency Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

EXOTICS XL Rainbow u Allows you to calculate theoretical value and sensitivities of European style options using the Rainbow model. Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

EXOTICS XL Spread u Allows you to calculate theoretical value of European style Futures Spread options using a “Black-Scholes approach”. Montgomery Investment Technology, Inc. u Allows you to calculate theoretical value of European style spread options using the “Quasi-Binomial approach” and a “Binomial-tree approach”. www. fintools. com CONTENTS

EXOTICS XL Spread Option Template Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

BONDS XL u u u u SIA Standard International Day Count Money Market Bonds Futures Stepped Coupon SIA and MSRB Compliant Bloomberg Compatible Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

BONDS XL US Standard u Provides all the standard calculations for: – US Treasuries – US Agencies – US Corporate – US Municipals u Includes calculations for bonds that are callable at a premium, and odd-first coupon bonds Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

BONDS XL International u Adds international bond day count calculations: – Actual/Actual – 30 e/360 – Actual/365 – Various coupons frequencies and compounding frequencies may be specified. Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

BONDS XL Calculator Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

BONDS XL US Bond Futures u US Bond Futures calculations: – Conversion factor – Basis price – Break-even rate – Net carry Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

BONDS XL Money Market u Bills and Eurodollar – Act/360, discounted securities u CDs – Interest at maturity securities Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

BONDS XL Stepped Coupon u Multiple coupons over the life of the bonds u Example: Zero coupon for 5 years, then 7% coupon for remaining life u Total rate of return calculations Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

BONDS XL Stepped Coupon Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

UTILITY XL u Montgomery Investment Technology offers UTILITY XL which is designed to be used in conjunction with OPTIONS XL, EXOTICS XL, and BONDS XL. u UTILITY is updated frequently as new functions are added. Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

UTILITY XL u u u u Historical Volatility Advanced Price Distribution Statistics Forex Calculations Futures Basis PV of Dividend Flows Option Symbol Creator and Translator Option Expiry Dates Montgomery Investment Technology, Inc. UTILITY XL Option Expiry Dates Forex Calculations u Futures Basis u Options Symbol Creator and Translator u Historical Volatility u Advanced Statistics u u Fin. Tools for Excel www. fintools. com CONTENTS

UTILITY XL Volatility Functions Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

UTILITY XL Volatility Wizard Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

Volatility Wizard Chart Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

UTILITY XL Interest Rate Converter Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

RISK XL u Calculates Value at Risk for a portfolio consisting of: – Equities – Foreign Exchange (FX) – Futures Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

Quote. Tools u Microsoft Excel add-in u Automatically imports and formats CBOE option and LEAP data into Excel Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

Quote. Tools Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

Sig. Tools u Provides macros to automatically generate Signal DDE links within spreadsheet u DDE- Dynamic Data Exchange -allows to link real-time, delayed, or end-of-the-day financial data into Excel spreadsheet Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

Sig. Tools Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

Option Tracker For ESOs u Software package to track and value employee stock option plans u Enables grants to be valued in the same database that stores employee and grant information u Easy 2 - Step Process- Administration and Valuation Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

Option Tracker: Administration u Employees, Grants, Transactions, and Reports Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

Option Tracker: Valuation u Volatility, Dividends, Interest Rates and Valuation Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

Options. Calc u An Options calculator that uses Black- Scholes, Whaley, Binomial, and Flexible Binomial Models u Includes theoretical value, risk sensitivities, implied volatility and charts Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

Options. Calc Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

Exotics. Calc u Exotic Options Calculator for pricing and charting – Average Price, Barrier and Lookback Options Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

Exotics. Calc Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

Bonds. Calc u Bonds calculator for pricing – - U. S. Treasuries, U. S. Agencies, Corporations, Municipals, CD’s, Bills, Bond futures, and more Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

Bonds. Calc Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

Volatility. Calc u Historical Price Volatility Calculator u Provides return price distribution and volatility charts Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

Volatility. Calc Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

MITI Mission Montgomery Investment Technology, Inc. offers an extensive library of financial functions named Fin. Tools® Software. These financial models are available as spreadsheet “add-ins” for Excel, Applix and Lotus 1 -2 -3. Developers may license our DLLs and code for use with Access, Visual Basic, Visual C++ and other toolkits. Platforms supported include Windows 95/98, Windows NT, Linux, Sun Solaris 2. x. Custom programming (Excel VBA, VB, VC++), training seminars, and financial modeling services are offered. Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

Evaluation Choices u Download a free demo version www. fintools. com u Try A Temporary License for 90 days Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

Key Benefits u Easy to use u Flexible and powerful calculations u Design option and bond analysis in Excel u Use DLLs and LIBs within your developer toolkit for creating risk management system u Market tested over 10 years u Cost effective solutions Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

Next Steps u For more information please, contact us at: Phone: 610. 688. 8111 Fax: 610. 688. 5084 Email: miti@fintools. com u Visit Websites: http: //www. fintools. com http: //www. wallstreetnet. com Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

Thank You! MONTGOMERY INVESTMENT TECHNOLOGY, INC. Financial Modeling Software and Consulting 2 Radnor Corporate Center Suite 121 Radnor, PA 19087 Phone: 610. 688. 8111 Fax: 610. 688. 5084 Email: miti@fintools. com Montgomery Investment Technology, Inc. www. fintools. com CONTENTS

END SLIDESHOW To go back to MITI news: MITInews Montgomery Investment Technology, Inc. www. fintools. com CONTENTS