| QuIC NEWS 2004 |
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QuIC Announces Contract with Tier 1 Investment Bank to Deploy QuIC Product Suite For Global Potential Future Exposure (PFE) Calculations
Vancouver , B.C. - March 2004 - QuIC today announced the award of a contract with a Tier 1 Investment Bank to deploy the QuIC Product Suite for global potential future exposure (PFE) calculations. In a competitive bid against the industries leading vendors, QuIC's breakthrough vector computing technology was selected to calculate intraday credit exposures using distributed grid technologies. The powerful QuIC engine incorporates Monte Carlo simulation and full revaluation at every step for the entire portfolio, without approximations or estimation.
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