Scaling the credit cliff

How are designers of credit risk software reacting to the new credit realities of the energy trading sector? Kevin Foster talks to some leading companies to find out

Credit risk management is a matter of life and death for energy companies. Ascredit quality collapsed in the US trading sector in 2002, many of the firmsthat had led the energy trading boom focused on managing credit risk with a rigournot seen since the birth of the modern energy trading sector in the late 1990s.

Janice Ryan, president and chief operating officer of Austin-based enterprisesoftware firm Rome Corp, says: “The alarm bells started ringing in 2001with Enron, when executives found

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