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Please NoteWilary Winn LLC and Wilary Winn Risk Management have moved to our new location in the Alliance Bank Center:

Wilary Winn LLC
55 East 5th Street
Suite 1020
Alliance Bank Center
St. Paul, MN 55101

Our phone and fax numbers have not changed.

Risk Management

Wilary Winn's sister company — Wilary Winn Risk Management LLC — was formed in 2005 to provide asset liability management to financial intermediaries. Our services include:

• Working with clients to develop or select, implement and validate systems designed to identify and measure interest rate risk.
• Working with clients to develop and implement programs to better perform asset liability management, including the use of derivatives.

  Wilary Winn Risk Management works with our clients to negotiate the terms of the derivative contracts, manage the transactions, value the derivatives and properly report them.

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• Working with clients to develop interest rate risk management policies and practices that qualify for "hedge accounting" or "fair value" accounting.
• Working with clients to improve the price they receive for sales of residential loan sales, including migrating from best efforts to mandatory sales commitments.
• Hedging interest rate lock-in commitments and loans held for sale. This includes a variety of asset types including residential mortgage, commercial mortgage, etc.

Recent Work:

We worked with a client to development and implement improved asset liability management policies and procedures that authorized the use of interest rate swaps for the first time. The result significantly improved the client's financial performance. In addition, the transactions qualified for hedge accounting.

We worked with an aggregator of economic development loans to develop and implement a hedge designed to protect against market changes in the benchmark interest rates used to price its asset-backed securities. The client had previously not hedged its interest rate risk.

We have worked with clients to develop interest rate policies and procedures that allowed clients to achieve fair value hedge accounting even when cross-hedging.

© 2004 Wilary Winn LLC, All rights reserved.