Press Release

Basis Point Group Publishes US Government Securities Operations Performance Index

Index Allows Comparison of Internal Operations Performance Against Established Standard.

Boston, MA / New York, NY / London–April 25, 2007 — Basis Point Group, LLC, leading investment operations performance consultants, have released the first monthly index measure of operations performance for the US Government Securities market.

The publication of Basis Point Group's (BPG) groundbreaking new index in OpRisk & Compliance magazine, will for the first time, allow firms to compare their internal operational performance against an established standard. To create the index, BPG applied their patent pending OPERA^® methodology to input from the twenty-three primary government bond dealers, providing the first quantitative measure for this market. The index provides a rolling ten year measure of the operational performance of the US Government Securities market. OpRisk & Compliance magazine will publish the Index monthly, with the inaugural printing appearing in their April Issue. The index is designed to allow firms to compare their internal operations performance against the performance of this 'gold-standard' market.

"Operations Risk is impossible to completely avoid," explains BPG Partner Fred Sommers, "The primary benefit of an operations measurement index is that it provides a comprehensive operations metric that offers simple, critical operational information from available data, allowing for a consistent framework for measurement and attribution. This easily understood index helps summarize complex environments into a single measure where everybody is familiar with the underlying source of the data."

BPG has developed a straightforward, understandable, measure of on-going process quality and risk. The index shows that the unrealized risk in this market varies from eight to eight hundred fifty basis points during the previous ten years, with changes often happening in short periods of time.

"We are working closely with a number of clients to refine this standard and help them realize the maximum benefits from OPERA^® measurement approach and will host a series of roundtable discussions related to the index and operations performance measurement in the near future," says BPG Managing Partner Bob Fawls, "Basis Point Group is nearing release of a monthly asset backed securities operations performance index in the near future, followed by mortgage backed and exchange traded bond indices" Interested firms are encouraged to contact BPG directly.

Basis Point Group, LLC
Basis Point Group, LLC is a leading investment operations consulting firm. BPG utilizes its OPERA^® quantitative performance and risk measurement approach in all client assignments. Basis Point Group partners have a depth of operating and technical experience unparalleled in the industry. Basis Point Group's clients have recognized major improvements in productivity and oversight while dramatically reducing operating risk. For more information, visit www.basispointgroup.com.

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Contact: Robert Fawls, Basis Point Group
Phone: 617-737-1500
Email: bob.fawls@basispointgroup.com