C*ATS SOFTWARE ANNOUNCES ACCESS TO KMV DATA CARMA TO UTILIZE KMV DEFAULT PROBABILITIES FOR CREDIT LOSS DISTRIBUTIONS PALO ALTO, Calif., Dec. 2 /PRNewswire-Asianet -- C*ATS Software Inc. (Nasdaq: CATX), the only provider of high-performance solutions for integrated market, credit and liquidity risk, today announced that users of its CARMA(R) enterprise risk management solution will now be able to utilize state-of-the- art credit default data supplied by KMV Corporation. Developed in cooperation with KMV, the C*ATS/KMV interface enables the use of KMV's Expected Default Frequencies (EDFs) in the calculation of portfolio credit loss frequency distributions. "KMV credit data is highly regarded for its comprehensiveness and predictive power, and has been utilized by top tier financial institutions around the world. We are pleased to provide CARMA users with an additional option to their traditional use of Moody's or S&P credit default data," said Brian Dvorak, vice president of C*ATS Enterprise Risk Management Division. "This is another step in expanding CARMA's credit risk capabilities and solidifying CARMA's position as the leading credit risk management solution." "Many of KMV's clients are also users of C*ATS risk management technology, and we think that this initiative by C*ATS leverages the clients' investments in our respective technologies," said John McQuown, a founder and director of KMV. "KMV is committed to unbundled, open architecture in our credit risk products. We are pleased that C*ATS wants to make our EDFs easily usable within their products." About KMV Founded in 1989 and headquartered in San Francisco, KMV Corporation provides pioneering tools and data for measuring and managing credit default risk. Its major product lines include portfolio management systems for credit exposures, corporate credit risk correlations, and default probability measurement. KMV provides monthly updated default probabilities as Expected Default Frequencies (EDFs) on approximately 19,000 listed firms worldwide as part of its Credit Monitor product, as well as tools for determining EDFs on unlisted firms in its Private Firm Model. More information about KMV and its products can be found on the World Wide Web at http://www.kmv.com. About C*ATS C*ATS Software Inc. is a leading developer of integrated risk management and derivatives trading solutions and implementation services. The firm is headquartered in Palo Alto, California, and has sales and support offices in New York, Los Angeles, London, Tokyo and Hong Kong. Its products are licensed to more than 70 clients in 19 countries, including more than a third of the world's 50 largest commercial banks. More information on C*ATS and its solutions can be found on the World Wide Web at http://www.cats.com. Contact: Kathleen Hawk of Lochner & Hawk at 908-852-3656, or [email protected]; or Kristen Fuller of C*ATS Software, 650-321-3000, or [email protected]. CARMA is a registered trademark of C*ATS Software Inc. SOURCE C*ATS Software Inc. CONTACT: Kathleen Hawk of Lochner & Hawk for C*ATS, 908-852-3656, or [email protected]; or Kristen Fuller of C*ATS Software, 650-321-3000, or [email protected]/ /Web site: http://www.cats.com http://www.kmv.com/