Montgomery Investment Technology, Inc. CONTENTS CONTENTS FinTools ®

Montgomery Investment Technology, Inc.Montgomery Investment Technology, Inc. www.fintools.comwww.fintools.com CONTENTS

FinTools® Software

Montgomery Investment Technology, Montgomery Investment Technology, Inc.Inc.

Financial Modeling Software and Financial Modeling Software and ConsultingConsulting


CONTENTS

OPTIONS XL OPTIONS XL EXOTICS XLEXOTICS XL BONDS XLBONDS XL UTILITY XLUTILITY XL RISK XLRISK XL QuoteToolsQuoteTools SigToolsSigTools

Option TrackerOption Tracker Financial CalculatorsFinancial Calculators

– OptionsCalcOptionsCalc

– ExoticsCalcExoticsCalc

– BondsCalcBondsCalc

– VolatilityCalcVolatilityCalc

What is What is FinToolsFinTools®®??

MITI MissionMITI Mission


What is FinTools® ?

Spreadsheet and Database “Add-In” Spreadsheet and Database “Add-In” ProgramsPrograms

Financial Function Libraries for Developers Financial Function Libraries for Developers for Options, Exotics, and Bonds Pricing, for Options, Exotics, and Bonds Pricing, and Risk Managementand Risk Management

Statistical tools for analyzing historical Statistical tools for analyzing historical price distributionsprice distributions


Customer Benefits

Cost effective and market tested financial Cost effective and market tested financial modeling softwaremodeling software

Meets the needs of financial institutions, Meets the needs of financial institutions, traders and corporations in today’s traders and corporations in today’s changing marketschanging markets

Pricing and risk management functionalityPricing and risk management functionality Expert product supportExpert product support Corporate License discountsCorporate License discounts


FinTools® Modules

Option, Exotic, and Bond Pricing Models Option, Exotic, and Bond Pricing Models for you Spreadsheet, Database or for you Spreadsheet, Database or Application:Application:

– OPTIONS XLOPTIONS XL– EXOTICS XLEXOTICS XL– BONDS XLBONDS XL– UTILITY XLUTILITY XL– RISK XLRISK XL


“ What-If ” Scenario Analysis

OPTIONS XLOPTIONS XL Premium SeriesPremium Series Flexible BinomialFlexible Binomial Eurodollar OptionsEurodollar Options Custom ModelsCustom Models Real OptionsReal Options

OPTIONS XL


OPTIONS XL Premium

Black-ScholesBlack-Scholes Modified Black-ScholesModified Black-Scholes B-S Pseudo-AmericanB-S Pseudo-American Black (futures)Black (futures) Garman-Kohlhagen (FX)Garman-Kohlhagen (FX) FrenchFrench Eurodollar OptionsEurodollar Options BinomialBinomial Jump-Diffusion, CEV, Lines (custom)Jump-Diffusion, CEV, Lines (custom)


Function: OptionsBS()


OPTIONS XL Templates


OPTIONS XL Binomial Illustrated


OPTIONS XL Flexible Binomial

OPTIONS XL Flexible Binomial Series OPTIONS XL Flexible Binomial Series allows:allows:

Flexible input of key option variablesFlexible input of key option variables Stepped strikes, changes in yield over timeStepped strikes, changes in yield over time Discrete cash flows, multiple interest rates, Discrete cash flows, multiple interest rates,

repo raterepo rate Hybrid ("Bermuda" style early exercise)Hybrid ("Bermuda" style early exercise) American and European style optionsAmerican and European style options


Function: OptionsFlexBin()


FAS123 Toolkit


FAS123 Wizard


FAS123 Wizard


EXOTICS XL

AverageAverage BarrierBarrier BinaryBinary ChooserChooser CompoundCompound

Currency-TranslatedCurrency-Translated LookbackLookback PortfolioPortfolio RainbowRainbow SpreadSpread


EXOTICS XL Average

Theoretical Value and Theoretical Value and sensitivities of European sensitivities of European style Average Price / style Average Price / Rate options using a Rate options using a closed form geometric closed form geometric average model.average model.

Monte Carlo method for Monte Carlo method for time frequency time frequency adjustments adjustments

Theoretical Value and Theoretical Value and sensitivities of European sensitivities of European style Average Price/Rate style Average Price/Rate options using a closed options using a closed form arithmetic average form arithmetic average model.model.

Monte Carlo method for Monte Carlo method for time frequency time frequency adjustmentsadjustments


EXOTICS XL Calculator


EXOTICS XL Barrier

Allows you to calculate the theoretical Allows you to calculate the theoretical value, delta, gamma, theta, vega, implied value, delta, gamma, theta, vega, implied volatility and intrinsic value of European volatility and intrinsic value of European style “Knockout” and “Knockin” options style “Knockout” and “Knockin” options using a closed form approach.using a closed form approach.

Binomial method for American-style and Binomial method for American-style and Double Barrier options.Double Barrier options.

Monte Carlo method for time frequencyMonte Carlo method for time frequency


EXOTICS XL Help File


EXOTICS XL Binary

Allows you to calculate the theoretical Allows you to calculate the theoretical value and sensitivities of more than 25 value and sensitivities of more than 25 European style “Binary” options using a European style “Binary” options using a closed form approach.closed form approach.


EXOTICS XL Chooser

Allows you to calculate the theoretical Allows you to calculate the theoretical value and sensitivities of European style value and sensitivities of European style options using a closed form approach.options using a closed form approach.


EXOTICS XL Compound

Allows you to calculate the theoretical Allows you to calculate the theoretical value, delta, gamma, theta, vega and value, delta, gamma, theta, vega and implied volatility of European style implied volatility of European style Compound options on options using a Compound options on options using a closed form approach.closed form approach.


EXOTICS XL Lookback

Allows you to calculate the theoretical Allows you to calculate the theoretical value, delta, gamma, theta, vega and value, delta, gamma, theta, vega and implied volatility of European style implied volatility of European style Lookback call and put options using a Lookback call and put options using a closed form approach.closed form approach.

Monte Carlo method for time frequencyMonte Carlo method for time frequency


EXOTICS XL Rainbow

Allows you to calculate the theoretical Allows you to calculate the theoretical value and sensitivities of European style value and sensitivities of European style options using the Rainbow model.options using the Rainbow model.


EXOTICS XL Spread

Allows you to Allows you to calculate the calculate the theoretical value of theoretical value of European style Futures European style Futures Spread options using a Spread options using a “Black-Scholes “Black-Scholes approach”.approach”.

Allows you to Allows you to calculate the calculate the theoretical value of theoretical value of European style spread European style spread options using the options using the “Quasi-Binomial “Quasi-Binomial approach” and a approach” and a “Binomial-tree “Binomial-tree approach”.approach”.


EXOTICS XL Spread Option Template


BONDS XL

SIA Standard SIA Standard International Day CountInternational Day Count Money MarketMoney Market Bonds FuturesBonds Futures Stepped CouponStepped Coupon SIA and MSRB SIA and MSRB

CompliantCompliant Bloomberg CompatibleBloomberg Compatible


BONDS XL US Standard

Provides all the standard calculations for:Provides all the standard calculations for:– US TreasuriesUS Treasuries– US AgenciesUS Agencies– US CorporateUS Corporate– US MunicipalsUS Municipals

Includes calculations for bonds that are Includes calculations for bonds that are callable at a premium, and odd-first coupon callable at a premium, and odd-first coupon bondsbonds


BONDS XL International

Adds international bond day count Adds international bond day count calculations:calculations:– Actual/ActualActual/Actual– 30e/36030e/360– Actual/365Actual/365– Various coupons frequencies and compounding Various coupons frequencies and compounding

frequencies may be specified.frequencies may be specified.


BONDS XL Calculator


BONDS XL US Bond Futures

US Bond Futures calculations:US Bond Futures calculations:– Conversion factorConversion factor– Basis priceBasis price– Break-even rateBreak-even rate– Net carryNet carry


BONDS XL Money Market

Bills and EurodollarBills and Eurodollar– Act/360, discounted securitiesAct/360, discounted securities

CDsCDs– Interest at maturity securitiesInterest at maturity securities


BONDS XL Stepped Coupon

Multiple coupons over the life of the bondsMultiple coupons over the life of the bonds Example: Zero coupon for 5 years, then 7% Example: Zero coupon for 5 years, then 7%

coupon for remaining lifecoupon for remaining life Total rate of return calculationsTotal rate of return calculations


BONDS XL Stepped Coupon


UTILITY XL

Montgomery Investment Technology offers Montgomery Investment Technology offers UTILITY XL which is designed to be used UTILITY XL which is designed to be used in conjunction with OPTIONS XL, in conjunction with OPTIONS XL, EXOTICS XL, and BONDS XL.EXOTICS XL, and BONDS XL.

UTILITY is updated frequently as new UTILITY is updated frequently as new functions are added.functions are added.


UTILITY XL

Historical VolatilityHistorical Volatility Advanced Price Advanced Price

Distribution StatisticsDistribution Statistics Forex CalculationsForex Calculations Futures BasisFutures Basis PV of Dividend FlowsPV of Dividend Flows Option Symbol Option Symbol

Creator and TranslatorCreator and Translator Option Expiry DatesOption Expiry Dates

UTILITY XL

Option Expiry DatesOption Expiry Dates Forex CalculationsForex Calculations Futures BasisFutures Basis Options Symbol Options Symbol

Creator and TranslatorCreator and Translator Historical VolatilityHistorical Volatility Advanced StatisticsAdvanced Statistics

FinToolsfor

Excel


UTILITY XL Volatility Functions


UTILITY XL Volatility Wizard


Volatility Wizard Chart


UTILITY XL Interest Rate Converter


RISK XL

Calculates Value at Risk for a portfolio Calculates Value at Risk for a portfolio consisting of:consisting of:

– EquitiesEquities– Foreign Exchange (FX)Foreign Exchange (FX)– FuturesFutures


QuoteTools

Microsoft Excel add-inMicrosoft Excel add-in

Automatically imports and formats CBOE Automatically imports and formats CBOE option and LEAP data into Exceloption and LEAP data into Excel


QuoteTools


SigTools

Provides macros to automatically generate Provides macros to automatically generate Signal DDE links within spreadsheetSignal DDE links within spreadsheet

DDE- Dynamic Data ExchangeDDE- Dynamic Data Exchange

-allows to link real-time, delayed, -allows to link real-time, delayed, or end-of-the-day financial data or end-of-the-day financial data

into Excel spreadsheetinto Excel spreadsheet


SigTools


Option Tracker For ESOs

Software package to track and value Software package to track and value employee stock option plansemployee stock option plans

Enables grants to be valued in the same Enables grants to be valued in the same database that stores employee and grant database that stores employee and grant informationinformation

Easy 2- Step Process- Administration and Easy 2- Step Process- Administration and ValuationValuation


Option Tracker: Administration Employees, Grants, Transactions, and ReportsEmployees, Grants, Transactions, and Reports


Option Tracker: Valuation

Volatility, Dividends, Interest Rates and ValuationVolatility, Dividends, Interest Rates and Valuation


OptionsCalc

An Options calculator that uses Black-An Options calculator that uses Black-Scholes, Whaley, Binomial, and Flexible Scholes, Whaley, Binomial, and Flexible Binomial ModelsBinomial Models

Includes theoretical value, risk sensitivities, Includes theoretical value, risk sensitivities, implied volatility and charts implied volatility and charts


OptionsCalc


ExoticsCalc

Exotic Options Calculator for pricing and Exotic Options Calculator for pricing and charting – Average Price, Barrier and charting – Average Price, Barrier and Lookback OptionsLookback Options


ExoticsCalc


BondsCalc

Bonds calculator for pricing –Bonds calculator for pricing –

- U.S. Treasuries, U.S. Agencies, - U.S. Treasuries, U.S. Agencies, Corporations, Municipals, CD’s, Bills, Corporations, Municipals, CD’s, Bills,

Bond futures, and moreBond futures, and more


BondsCalc


VolatilityCalc

Historical Price Volatility CalculatorHistorical Price Volatility Calculator Provides return price distribution and Provides return price distribution and

volatility chartsvolatility charts


VolatilityCalc


MITI Mission

Montgomery Investment Technology, Inc. offers an extensive Montgomery Investment Technology, Inc. offers an extensive library of financial functions named FinToolslibrary of financial functions named FinTools®® Software. Software.

These financial models are available as spreadsheet “add-ins” for These financial models are available as spreadsheet “add-ins” for Excel, Applix and Lotus 1-2-3. Excel, Applix and Lotus 1-2-3.

Developers may license our DLLs and code for use with Access, Developers may license our DLLs and code for use with Access, Visual Basic, Visual C++ and other toolkits. Visual Basic, Visual C++ and other toolkits.

Platforms supported include Windows 95/98, Windows NT, Linux, Platforms supported include Windows 95/98, Windows NT, Linux, Sun Solaris 2.x. Sun Solaris 2.x.

Custom programming (Excel VBA, VB, VC++), training seminars, Custom programming (Excel VBA, VB, VC++), training seminars, and financial modeling services are offered.and financial modeling services are offered.


Evaluation Choices

Download a free demo versionDownload a free demo versionwww.fintools.comwww.fintools.com

Try A Temporary License for 90 daysTry A Temporary License for 90 days


Key Benefits

Easy to useEasy to use Flexible and powerful calculationsFlexible and powerful calculations Design option and bond analysis in ExcelDesign option and bond analysis in Excel Use DLLs and LIBs within your developer Use DLLs and LIBs within your developer

toolkit for creating risk management systemtoolkit for creating risk management system Market tested over 10 yearsMarket tested over 10 years Cost effective solutionsCost effective solutions


Next Steps

For more information please, contact us at:For more information please, contact us at:

Phone:Phone: 610.688.8111610.688.8111

Fax:Fax: 610.688.5084610.688.5084

Email:Email: [email protected]@fintools.com Visit Websites:Visit Websites:

http://www.fintools.comhttp://www.fintools.com

http://www.wallstreetnet.comhttp://www.wallstreetnet.com


Thank You!

MONTGOMERY INVESTMENT TECHNOLOGY, INC.MONTGOMERY INVESTMENT TECHNOLOGY, INC.Financial Modeling Software and ConsultingFinancial Modeling Software and Consulting

2 Radnor Corporate Center2 Radnor Corporate CenterSuite 121Suite 121

Radnor, PA 19087Radnor, PA 19087

Phone: 610.688.8111Phone: 610.688.8111Fax: 610.688.5084Fax: 610.688.5084

Email: [email protected]: [email protected]


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