SunGard's credit risk system scores a second client
Credient, SunGard Trading and Risk Systems' new credit portfolio analysis and counterparty exposure tracking system, has secured its second client, WestLB. Its first was ING.
Credient is one of the few risk management solutions wholly based on the application service provider, or ASP, model. SunGard hosts the Credient application for WestLB on its own servers, which WestLB’s users access through standard web browsers.
SunGard says it hired Microsoft to test Credient’s host servers in August. It says the system was able to measure real-time counterparty risk exposures with 16 dealers on 5,000 simulated FX deals per hour. Of those, 40% were spot, 40% forwards and 20% options.
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