Primus Guaranty, Ltd. Conference Call to Discuss 3rd Quarter Earnings Set for Monday, November 8, 2004, 11 a.m. Eastern Standard Time.HAMILTON, Bermuda -- Primus Guaranty As a verb, to agree to be responsible for the payment of another's debt or the performance of another's duty, liability, or obligation if that person does not perform as he or she is legally obligated to do; to assume the responsibility of a guarantor; to warrant. , Ltd. (NYSE NYSE See: New York Stock Exchange : PRS PRS Partnership (IRB) PRS Printer (File Name Extension) PRS Paul Reed Smith (Guitar Brand) PRS Pairs (shoe industry) ) announced that it will host a conference call for investors on Monday, November 8, 2004 at 11 a.m. Eastern Standard Time to discuss its 3rd quarter earnings, which are scheduled for release after 7 a.m. Eastern Standard Time Monday, November 8, 2004. A copy of the earnings press release and financial supplement will be available in the Investor section of the company's website, located at www.primusguaranty.com. The conference call will be available via live or archived webcast at http://ir.primusguaranty.com/ by dialing 800-259-0251 (domestic) and 617-614-3671 (international), Passcode 60966347. A replay of the call will be available from Monday, November 8, 2004 at 12 p.m. Eastern Standard Time until November 22, 2004. To listen to the replay, dial 888-286-8010 (domestic) or 617-801-6888 (international), Passcode 79989360. About Primus Guaranty, Ltd. Primus Guaranty, Ltd., through its principal operating subsidiary An operating subsidiary is a business term frequently used within the United States railroad industry. In the case of a railroad, it refers to a company that is a subsidiary but operates with its own identity and rolling stock. , Primus Financial Products, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , offers protection against the risk of default on investment grade credit obligations. Primus Financial assumes these risks through the sale of credit default swaps Credit Default Swap A swap designed to transfer the credit exposure of fixed income products between parties. Notes: The buyer of a credit swap receives credit protection, whereas the seller of the swap guarantees the credit worthiness of the product. to dealers, banks and portfolio managers. As a swap counterparty, Primus Financial is rated Aaa by Moody's Investor Service, Inc. and AAA by Standard & Poor's Rating Services. Another subsidiary of Primus Guaranty, Primus Asset Management, Inc., manages the credit swap portfolio of Primus Financial, and offers credit default swap portfolio management services to third parties. |
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