ÿþ<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <html xmlns:v xmlns:o> <head> <title></title> <meta content="Microsoft Visual Studio.NET 7.0" name="GENERATOR"> <meta content="http://schemas.microsoft.com/intellisense/ie5" name="vs_targetSchema"> <!--<STYLE type="text/css">A:link {COLOR: white; TEXT-DECORATION: none } A:visited { COLOR: white; TEXT-DECORATION: none } A:hover { COLOR: red; TEXT-DECORATION: none } </STYLE> --> <script language="javascript" id="clientEventHandlersJS"> <!-- //--> </script> </head> <body> <P> <TABLE id="Table2" style="BORDER-RIGHT: medium none; BORDER-TOP: medium none; BORDER-LEFT: medium none; WIDTH: 535px; BORDER-BOTTOM: medium none; BORDER-COLLAPSE: collapse; HEIGHT: 2000px; mso-table-layout-alt: fixed; mso-border-alt: solid #99CCFF .5pt; mso-padding-alt: 0in 5.4pt 0in 5.4pt" cellSpacing="0" cellPadding="0" border="1" language="javascript"> <TBODY> <TR style="HEIGHT: 0.8in"> <TD style="BORDER-RIGHT: #333399 0.5pt solid; PADDING-RIGHT: 5.4pt; 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TEXT-ALIGN: right; tab-stops: right 533.65pt 7.5in" align="right"><SPAN style="mso-bidi-font-size: 10.0pt"><FONT face="Arial Black">Newsletter May 2009</FONT></SPAN></P> </TD> </TR> <TR style="HEIGHT: 522.4pt"> <td width=585 colspan=3 valign=top style='width:438.6pt;border:solid #99CCFF 1.0pt; border-top:none;mso-border-top-alt:solid #99CCFF .5pt;mso-border-alt:solid #99CCFF .5pt; padding:0cm 14.4pt 0cm 14.4pt;height:1500.0pt' background="" mreach_id><BR> <P><FONT style="FONT-SIZE: 9pt" face="Arial" size="1">In this Issue</FONT><BR> <UL> <LI> <FONT face="Arial" color="#000099" size="2"><B><A style="color: #000099; TEXT-DECORATION: none" href="#Link1">The Tatts Group selects Visual Risk</A></B></FONT><BR></LI> <LI> <FONT face="Arial" color="#000099" size="2"><B><A style="color: #000099; TEXT-DECORATION: none" href="#Link2">Welcome to our new clients</A></B></FONT><BR></LI> <LI> <FONT face="Arial" color="#000099" size="2"><B><A style="color: #000099; TEXT-DECORATION: none" href="#Link3">Credit Risk & IFRS 7 Seminars with Deloitte Touche Tohmatsu</A></B></FONT><BR></LI> <LI> <FONT face="Arial" color="#000099" size="2"><B><A style="color: #000099; TEXT-DECORATION: none" href="#Link4">Visual Risk extends Outsourced Services</A></B></FONT><BR></LI> <LI> <FONT face="Arial" color="#000099" size="2"><B><A style="color: #000099; TEXT-DECORATION: none" href="#Link5">Visual Risk  upcoming software enhancements</A></B></FONT><BR></LI> </UL> </P> <P> <FONT face="Arial" size="1"> <HR id="HR1" color="#9fddff"> </FONT></P> <P><FONT face="Arial Black" color="#000099" size="2"><A name="Link1">The Tatts Group selects Visual Risk</A></FONT></P> <P><FONT style="FONT-SIZE: 9pt" face="Arial" size="1">We are proud to announce the Tatts Group has selected Visual Risk to provide their treasury system. Based in Melbourne, the Tatts Group is a provider of diversified gambling services and generates more than $3 billion revenue per annum. It accounts for more than half the lottery tickets sold in Australia.<BR><BR> An expansion in treasury activities due to recent acquisitions and business growth has meant that the Group needed a Treasury Solution to replace a myriad of existing spreadsheets. After a lengthy vendor evaluation process, Visual Risk was selected as the best solution to manage their treasury and accounting activities. The Group viewed the core system functionality and the exceptional level of client support offered by Visual Risk as the key considerations during the system evaluation process.<BR><BR> Visual Risk is implementing a fully integrated front-to-back office solution including: <UL> <LI> <FONT style="FONT-SIZE: 9pt" face="Arial" size="1">Risk Analytics and Reporting.</FONT></LI> <LI> <FONT style="FONT-SIZE: 9pt" face="Arial" size="1">Compliance (IAS 39 / IFRS 7).</FONT></LI> <LI> <FONT style="FONT-SIZE: 9pt" face="Arial" size="1">Treasury Management / Back-Office.</FONT></LI> <LI> <FONT style="FONT-SIZE: 9pt" face="Arial" size="1">General Ledger Integration.</FONT></LI> </UL> </FONT></P> <P><FONT style="FONT-SIZE: 9pt" face="Arial" size="1"> <I> Obviously, when selecting a treasury system we were keen to ensure that it met our base functional requirements. An equally important consideration however was the level and depth of local support that the vendor could provide. I spoke with a number of other corporate treasuries in Victoria and I found that Visual Risk was consistently mentioned as a stand-out performer in terms of their staff knowledge and client support. We look forward to partnering with Visual Risk to successfully implement their treasury management solution. </I></FONT></P> <TABLE language="javascript" id="Table3" cellSpacing="1" cellPadding="2" width="480" border="0"> <TR> <TD><P><FONT style="FONT-SIZE: 9pt" face="Arial" size="1">Nick Cimino  Group Treasurer <BR><B>Tatts Group Limited</B></FONT></P></TD> <TD><P><IMG border=0 alt="Tatts Group Limited" src="/images/cl_tattsgroup.JPG"> </P></TD> </TR> </TABLE> <P> <FONT face="Arial" size="1"> <HR id="HR1" color="#9fddff"> </FONT></P> <P></P> <P><FONT face="Arial Black" color="#000099" size="2"><A name="Link2">Welcome to our new clients</FONT></P></A> <P><FONT style="FONT-SIZE: 9pt" face="Arial" size="1">The Visual Risk client base continues to expand. We would like to welcome the following new clients:</FONT></P> <P><FONT style="FONT-SIZE: 9pt" face="Arial" size="1"> <TABLE language="javascript" id="Table4" style="FONT-WEIGHT: bold; FONT-SIZE: 9pt" cellSpacing="1" cellPadding="2" width="420" border="0"> <TR> <TD style="WIDTH: 210px" width="210"> <P>" Canterbury Building Society<BR></P> </TD> <TD style="WIDTH: 210px" width="210"> <P>" United Group<BR></P></TD> </TR> <TR> <TD style="WIDTH: 210px" width="210"> <P>" Tatts Group<BR></P> </TD> <TD style="WIDTH: 210px" width="210"> <P>" Fiji National Provident Fund<BR></P></TD> </TR> <TR> <TD style="WIDTH: 210px" width="210"> <P>" ECU Australia<BR></P></TD> <TD style="WIDTH: 210px" width="210"></TD> </TR> </TABLE> </FONT></P> <P><FONT style="FONT-SIZE: 9pt" face="Arial" size="1"> Please click <A href="http://www.visualrisk.com/clients.html" target="_blank"> here</A> for a comprehensive listing.</FONT></P> <P> <FONT face="Arial" size="1"> <HR id="HR1" color="#9fddff"> </FONT></P> <P></P> <P><FONT face="Arial Black" color="#000099" size="2"><A name="Link3">Credit Risk & IFRS 7 Seminars with Deloitte Touche Tohmatsu</FONT></P></A> <P><FONT style="FONT-SIZE: 9pt" face="Arial" size="1">In conjunction with Deloitte Touche Tohmatsu, Visual Risk will be conducting a series of Seminars on the impact of credit risk on the fair value of derivative instruments, assets and liabilities and the resulting effect on hedge accounting. The seminars will feature John Kidd, a partner at Deloitte Touche Tohmatsu who specialises in financial instruments. He has provided implementation and accounting advice to major corporations across Australia and NZ, and heads a specialist group of ten professionals dedicated to assisting companies with their IAS 39 issues.</FONT></P> <P><FONT style="FONT-SIZE: 9pt" face="Arial" size="1">The Seminars will be held in May & June 2009 as follows:</FONT></P> <TABLE language="javascript" id="Table4" cellSpacing="1" cellPadding="0" width="330" border="0"> <TR> <TD style="WIDTH: 200px" width="200"><FONT style="FONT-SIZE: 9pt" face="Arial" size="1"> " Sydney  19th May </FONT></TD> <TD><FONT style="FONT-SIZE: 9pt" face="Arial" size="1"> <A href="http://www.visualrisk.com/events/Credit Risk Valuation Seminar 2009_Sydney Invitation.pdf" target="_blank">Invitation Link</A></FONT></TD> </TR> <TR> <TD style="WIDTH: 200px" width="200"><FONT style="FONT-SIZE: 9pt" face="Arial" size="1"> " Melbourne  21st May </FONT></TD> <TD><FONT style="FONT-SIZE: 9pt" face="Arial" size="1"> <A href="http://www.visualrisk.com/events/Credit Risk Valuation Seminar 2009_Melbourne Invitation.pdf" target="_blank">Invitation Link</A></FONT></TD> </TR> <TR> <TD style="WIDTH: 200px" width="200"><FONT style="FONT-SIZE: 9pt" face="Arial" size="1"> " Perth  28th May </FONT></TD> <TD><FONT style="FONT-SIZE: 9pt" face="Arial" size="1"> <A href="http://www.visualrisk.com/events/Credit Risk Valuation Seminar 2009_Perth Invitation.pdf" target="_blank">Invitation Link</A></FONT></TD> </TR> <TR> <TD style="WIDTH: 200px" width="200"><FONT style="FONT-SIZE: 9pt" face="Arial" size="1"> " Adelaide- 4th June </FONT></TD> <TD><FONT style="FONT-SIZE: 9pt" face="Arial" size="1"> <A href="http://www.visualrisk.com/events/Credit Risk Valuation Seminar 2009_Adelaide Invitation.pdf" target="_blank">Invitation Link</A></FONT></TD> </TR> <TR> <TD style="WIDTH: 200px" width="200"><FONT style="FONT-SIZE: 9pt" face="Arial" size="1"> " Brisbane  16th June </FONT></TD> <TD><FONT style="FONT-SIZE: 9pt" face="Arial" size="1"> <A href="http://www.visualrisk.com/events/Credit Risk Valuation Seminar 2009_Brisbane Invitation.pdf" target="_blank">Invitation Link</A></FONT></TD> </TR> </TABLE> <P><FONT style="FONT-SIZE: 9pt" face="Arial" size="1">Please contact us for more information on attending any of these seminars.</FONT></P> <P> <FONT face="Arial" size="1"> <HR id="HR1" color="#9fddff"> </FONT></P> <P></P> <P><FONT face="Arial Black" color="#000099" size="2"><A name="Link4">Visual Risk extends Outsourced Services</A></FONT></P> <P><FONT style="FONT-SIZE: 9pt" face="Arial" size="1">Visual Risk has extended the range of outsourced services it offers. These now cover:</FONT></P> <P><FONT style="FONT-SIZE: 9pt" face="Arial" size="1"> <UL> <LI><FONT style="FONT-SIZE: 9pt" face="Arial" size="1">Compliance Reporting (Hedge Accounting and IFRS 7)</FONT></LI> <LI><FONT style="FONT-SIZE: 9pt" face="Arial" size="1">Risk analysis and reporting</FONT></LI> <LI><FONT style="FONT-SIZE: 9pt" face="Arial" size="1">Derivative valuation</FONT></LI> </UL></FONT></P> <P><FONT style="FONT-SIZE: 9pt" face="Arial" size="1"> Visual Risk has extensive experience with IAS 39 hedge accounting, having worked closely with our clients and the Big 4 accounting firms over many years. We are able to provide all the documentation required to meet your IAS 39 and IFRS 7 compliance requirements in an efficient and timely manner.<BR><BR> Visual Risk is also able to provide a risk analysis service to quantify and report the market risk in your portfolio. This analysis can assist management to better understand and optimise their risk management and hedging activities.<BR><BR> Through cost-effective outsourcing, the often complex and onerous risk and compliance reporting process can be streamlined and the burden on your treasury operations eased.</FONT></P> <P> <FONT face="Arial" size="1"> <HR id="HR1" color="#9fddff"> </FONT></P> <P></P> <P><FONT face="Arial Black" color="#000099" size="2"><A name="Link5">Visual Risk  upcoming software enhancements</A></FONT></P> <P><FONT style="FONT-SIZE: 9pt" face="Arial" size="1">Our Treasury solution continues to rapidly evolve with a host of new features being added on a regular basis. Scheduled for delivery in mid 2009 are the following:</FONT></P> <P><FONT face="Arial Black" size="2">Credit Risk Adjusted Valuations</FONT><BR> <FONT style="FONT-SIZE: 9pt" face="Arial" size="1">In the current economic climate credit risk is a major challenge faced by corporates and financial institutions in determining the fair value of their assets and liabilities. In response to this challenge, Visual Risk has developed a solution which will deliver valuations of assets, liabilities and derivatives which incorporate credit risk margins. </FONT></P> <P><FONT face="Arial Black" size="2">General Ledger Integration Module</FONT><BR> <FONT style="FONT-SIZE: 9pt" face="Arial" size="1">The new GL integration module will ease the process of posting treasury accounting entries to your accounting system and provide for greater data transfer integrity. It will ensure efficiency gains are maximised and user error is minimised through a seamless and automated process. With a chart of accounts, the GL module will provide a granular account mapping function for mapping accounts to relevant month-end accounting outputs. This will facilitate the quick generation of multi-portfolio, multi-currency accounting output and conveniently deliver output for other accounting systems</FONT></P> <P> <FONT face="Arial" size="1"> <HR id="HR1" color="#9fddff"> </FONT></P> <P></P> <P><FONT face="Arial Black" color="#000099" size="2"><A name="ContactUs">Contact Us</A></FONT><BR> <TABLE language="javascript" id="Table5" cellSpacing="2" cellPadding="1" width="480" border="0"> <TR> <TD style="WIDTH: 160px" width="160"><FONT style="FONT-SIZE: 9pt" face="Arial" size="1"> <B>Phone:</B><BR> (+612) 9262 6969</FONT></TD> <TD style="WIDTH: 160px" width="160"><FONT style="FONT-SIZE: 9pt" face="Arial" size="1"> <B>E-mail:</B><BR> <A style="TEXT-DECORATION: none" href=mailto:sales@visualrisk.com>sales@visualrisk.com</A></FONT></TD> <TD style="WIDTH: 160px" width="160"><FONT style="FONT-SIZE: 9pt" face="Arial" size="1"> <B>Web:</B><BR> <A style="TEXT-DECORATION: none" href="http://www.visualrisk.com" target="_blank">www.visualrisk.com</A></FONT></TD> </TR> <TR> <TD><FONT style="FONT-SIZE: 7pt" face="Arial" size="1"><B>Visual Risk Pty Ltd</B></FONT></TD> <TD><FONT style="FONT-SIZE: 7pt" face="Arial" size="1">ACN 096 353 418</FONT></TD> <TD><FONT style="FONT-SIZE: 7pt" face="Arial" size="1">AFSL No. 268050</FONT></TD> </TR> </TABLE> </P> <P style="FONT-SIZE: 9pt"></P> <P style="FONT-SIZE: 9pt"> </P></TD></TR></TBODY></TABLE> </P> <P class="MsoNormal" style="MARGIN: 0in 0in 0pt"><FONT face="Arial" size="1"></FONT>&nbsp;</P> </body> </html>