Release 7.3

31 March 2006

We are very pleased to announce the completion of the Prophet Release 7.3 system and libraries plus the Data Conversion System. The CDs have been produced and you should receive them shortly.

The main enhancements included in Release 7.3 are as follows - more details can be found in the bulletins that are included at the end of this item:

Prophet System Enhancements

The main system enhancements that have been made to Prophet in Release 7.3 are:

• Prophet Debugger Module - A new debugger is available for use with Prophet Release 7.3. This provides similar functionality to the VBA debugger in Excel. Clients will find this module particularly useful if they develop or maintain extended formulae. Further information and pricing details can be found in the Prophet System Bulletin at the end of this item.
• Increase in the maximum length of variable and indicator names from 12 to 36 characters, plus the ability to use lower case letters in these names.
• A variety of enhancements to the reading of model point files.
• Enhancements to the specification and selection of the indicators for a product.
• A Developer Toolbar which enables you to easily switch between different windows.
• A new search facility for tables and model point files.
• Ability to calculate stochastic results for accumulations from the underlying product stochastic results.
• New statistics available in Prophet and Excel reporting including Conditional Tail Expectation.
• Firebird support as an alternative to InterBase.
• SGA now supplied as standard.
• Support for the new Microsoft C++ .NET 2005 compiler.
• Separation of data (mortality tables, standard tables and standard workspace) from system files.

DCS System Enhancements

The main system enhancements that have been made to DCS in Release 7.3 are:

• The main enhancement is that DCS 7.3 is now able to use all the physical memory in the PC, which with a number of other changes should give some improvement in the runtime when processing large input files.

Library Enhancements

We are also supplying new standard libraries with Release 7.3. Significant changes have been made to the Conventional, International, PHI and Unit Linked libraries. The main changes in these libraries are:

• IFRS coding has been added to the Conventional, International, PHI and Unit Linked libraries.
• Updates to the Solvency Margin calculations have been made in the Conventional, International, PHI and Unit Linked libraries.
• Discounted cash flow reserves on multiple bases have been added to the Conventional, International and Unit Linked libraries.
• Stochastic decrements have been added to the Conventional, International and Unit Linked libraries.
• The PHI library has been re-written to use arrays, to use POL_TERM_M and to include reassurance calculations.

Bulletins

If you would like to read more detail about the new features in Release 7.3 please click on one of the links below:

• B01-2006 - Prophet Release 7.3
• B02-2006 - Data Conversion System Release 7.3
• B03-2006 - Prophet Release 7.3 Library Enhancements

If you have any questions about Release 7.3 please contact the Prophet Helpdesk.

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