PRESS RELEASE Consulate General of Sweden and Volvo Cars of North America Will Host March 14 Event to Kick Off 'Beyond Blond' Swedish Lifestyle Month at the Pa

The Consulate General of Sweden and Volvo
Cars of North America will host a preview opening event at 6:30 PM March
14 at the Pacific Design Center (B203) in West Hollywood to kick off Beyond
Blond - Swedish Lifestyle Month 2005 (March 15-April 15), which celebrates
Sweden's role as a global leader in culture , lifestyle and the arts. Given the high degree of leverage and short-term nature,
it was not surprising to see that about half of surveyed dealers'
clients are using credit options contracts for "very short-term
speculation," while another 30% are using them to express a "short,
but somewhat longer -term view.

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Fitch Survey: Credit Default Swap -- CDS -- Options: What They Are Who Is Using Them and Why

For example, the fact that most
single-name options are of the 'knockout' variety, and, therefore ,
simply cancel (i.

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"Credit Default Swap (CDS) Options: What They Are, Who Is Using
Them, and Why" is available at www.

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In presenting its annual lifestyle program, the Consulate General of Sweden
aims to highlight the latest trends in a country with a global reputation
as a trend -setter while at the same time demonstrating the synergy that
exists between Sweden and California in lifestyle, design, music, film,
fitness, IT, life sciences and biotechnology.

Many Beyond Blond 2005 events will be open to the public.

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We are proud to have them as a partner in
our Swedish lifestyle month," says Tomas Rosander, Consul General of
Sweden.

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Among the featured
lifestyle events are: a tribute to Greta Garbo at the Academy of Motion
Picture Arts and Sciences; Nordic Walking classes at Santa Monica Beach; a
Literary Event with PEN USA presenting Swedish and American authors, and
Sweden's Hottest New Rock Bands.

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Volvo is the Official Corporate Platinum Sponsor of the month-long program,
which will commemorate "Swedish Design Year," the centenary anniversary of
Swedish film icon, Greta Garbo and Sweden's entrepreneurship and
achievements in lifestyle and artistic areas, including Film, Music,
Literature, Food, Sports and Fitness, Tourism and Trade . Two major exhibitions are featured during
the month at the Pacific Design Center in West: "Designed in Sweden" an
exhibition presenting art, glass, furnishings, textiles and industrial
design recently shown at the Museum of London (the installation will be
shown in New York following its Los Angeles debut); and a special showing
of Volvo's futuristic automotive and industrial design. (For details
please visit www.fitchcdx.

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Business Editors

NEW YORK + LONDON----Credit
swaptions are options to buy or sell CDS on either individual
corporate reference entities (single names) or traded indices. While there has been meaningful
growth in single name contracts traded over the past year, the
majority of trading tends to be dominated by a handful of some of the
most active (and volatile) names in the bond and CDS markets.

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Throughout the year, the
Consulate General supports extensive programs and efforts to bring together
Swedish companies, artists, musicians and many others to interact and forge
partnerships with their counterparts in California.org).

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"Volvo is one of Sweden's strongest brands and has earned a solid
international reputation for innovative design, environmental consciousness
and safety within the industry. This year's Beyond
Blond program embraces Sweden's well-recognized leadership and
international influence in culture, lifestyle and the arts.

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"Investors would be wise to fully understand the unique structural
features of credit swaptions.

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"Thanks to the generous support of Volvo and other sponsors and
partnering organizations , we are able to present to Californians: Sweden
today -- A nation delivering innovative design, creativity , environmental
systems, scientific breakthroughs, communication technologies and business
prowess that are having an impact worldwide on contemporary lifestyle and
quality of life."

"Volvo is pleased to support this year's Beyond Blond Lifestyle Month
program, which is the most ambitious yet," said Roger Ormisher, Vice
President of Public Affairs, Volvo Cars of North America.

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The program is complementary to Volvo's mission to
expand our U., become worthless) in the event the underlying
entity defaults is clearly something that investors should
understand," says Jim Batterman, Senior Director, Fitch Ratings.

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On display are the
Tandem cars and the Volvo Extreme Gravity car designed by the Volvo
designers based at the Volvo design center in Camarillo.
Hedge funds, at 57% of all users, were the dominant user of this
instrument.

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market by offering a premium product that meets the demands
of today's lifestyle trends.

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While
smaller than the credit default swap market, a new survey from Fitch
Ratings has found that the credit 'swaptions' market has grown
significantly over the past year, possibly doubling in size according
to survey respondents. The article highlights recent developments in
the market as well as identifies some key structural features of
credit swaptions that investors should appreciate.
Over the course of a recent month, the average dealer traded more
credit swaptions contracts on single names than on indices, though, in
terms of notional value, activity in index options dwarfed that of
individual names by about 5 to 1.

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"Each spring, the
Consulate General of Sweden organizes a month-long series of events,
exhibits, seminars and celebrations that demonstrate Sweden's
entrepreneurial spirit and well-recognized leadership in lifestyle elements
like music and design.e.