Ontario Teachers’ Pension Plan, Canada’s second largest pension fund, has licensed credit risk modelling software from Honolulu-based Kamakura.The pension fund has licensed a credit default probability service called ‘Kris-cr’, and a further credit risk management software package called ‘KRM-cr’. It is also retaining Kamakura on a consulting basis to help it develop a proprietary default probability model.
“Teachers’ is widely recognised for its capabilities in risk management, and we look forward to assisting the organisation in setting a new standard for credit risk,” said Warren Sherman, Kamakura’s chief operating officer.
The Ontario Teachers’ Pension Plan has net assets of Can$ 68.2 billion (US$50 billion). It is responsible for the retirement income of 154,000 elementary and secondary school teachers, and 93,000 retired teachers and their families.
More on Technology
Markup language could reduce high levels of operational risk
Sponsored feature: Northern Trust
Off-the-shelf energy trading and risk management (ETRM) systems are more popular than ever before, according to Energy Risk’s annual software survey. However, companies say they still require sig...
Structured Products Technology Rankings 2014
Sign up for Risk.net email alerts
Sponsored webinar: IBM Risk Analytics
Nominated for two technology awards
Nominated for post trade technology award
Sponsored webinar: Collateral and counterparty tracking
There are no comments submitted yet. Do you have an interesting opinion? Then be the first to post a comment.