SunGard's credit risk system scores a second client

Pennsylvania-based SunGard says Credient can provide dealers with real-time counterparty credit risk analysis, which can be used to set trading limits. This was a key factor in WestLB’s decision to take the service, according to Ottmar Bongers, managing director of the risk management support and control group at WestLB.

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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Next-generation technologies and the future of trading

At a webinar in association with capital markets technology provider Numerix, panellists discuss the potential for increased adoption of the public cloud to boost investment performance, its impact on risk management and overcoming barriers to…

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