17 October 2017

Rabobank rolls out SunGard's Credient MC2

03 November 2003  |  4942 views  |  0 Rabobank

Rabobank has installed SunGard Trading and Risk Systems' credit risk management software, Credient MC2.

Rabobank will use Credient MC2 to measure its global counterparty credit exposures against set limits, for real-time decision-making and credit risk control. The bank will also use the numbers in other credit-like calculations such as economic capital and provisioning, for strategic management and planning.

The tool will be run by Rabobank's capital market and treasury credit function, and used by traders globally.

Credient MC2 is a patented methodology that provides accurate approximation to Monte Carlo simulations, an integral component of credit risk measurement, to help firms determine credit risk exposures.

Tim Sharkey, head of credit exposure risk management, capital markets and treasury credit, Rabobank, says: "Credient MC2 will give us the ability to model the bank's global counterparty exposure very quickly and with significantly improved accuracy, together with a deal checking facility in real-time. In addition, the provision of a fast and accurate Monte Carlo simulation model will help us to fine-tune the results."

SunGard says Credient MC2 allows traders and risk managers to have complex, accurate credit exposure analytics and fast response times. Clients can alsocheck the impact of a new deal against several counterparties to see which gives the most offsetting benefit in a credit context.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Raft calls off takeover talks; signs new SunGard deal

Raft calls off takeover talks; signs new SunGard deal

28 October 2003  |  4450 views  |  0 comments
SunGard's profit rises in Q3

SunGard's profit rises in Q3

23 October 2003  |  3851 views  |  0 comments
Sampo Bank goes live with SunGard's Global Plus IC

Sampo Bank goes live with SunGard's Global Plus IC

21 October 2003  |  5201 views  |  0 comments
Cable & Wireless Real Time Nostro service goes live

Cable & Wireless Real Time Nostro service goes live

21 October 2003  |  8280 views  |  0 comments
SunGard rounds out Step platform with intelliMatch

SunGard rounds out Step platform with intelliMatch

20 October 2003  |  6529 views  |  0 comments
SunGard to release German version of OmniPlus

SunGard to release German version of OmniPlus

15 October 2003  |  3720 views  |  0 comments
CheckFree appoints SunGard's David Pheasant sales director, EMEA & APAC

CheckFree appoints SunGard's David Pheasant sales director, EMEA & APAC

13 October 2003  |  5409 views  |  0 comments
Anglo American standardises treasury ops with SunGard's AvantGard-Quantum

Anglo American standardises treasury ops with SunGard's AvantGard-Quantum

10 October 2003  |  4320 views  |  0 comments
SunGard acquires reconciliation source code rights from CheckFree

SunGard acquires reconciliation source code rights from CheckFree

06 October 2003  |  6023 views  |  0 comments
Thomson signs Rabobank International and Bridgewell to equity products

Thomson signs Rabobank International and Bridgewell to equity products

06 October 2003  |  6319 views  |  0 comments
Rabobank rolls out Principia System for GIC processing

Rabobank rolls out Principia System for GIC processing

27 August 2003  |  3944 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.innotribe.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
14483 views comments | 11 tweets | 3 linkedin
Taiwan's Far Eastern International Bank suffers malware attackTaiwan's Far Eastern International Bank su...
13087 views comments | 16 tweets | 22 linkedin
Monzo fends off suitors as current account upgrade beginsMonzo fends off suitors as current account...
8975 views comments | 17 tweets | 14 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
7940 views comments | 15 tweets | 20 linkedin
Ripple blockchain network hits 100-member markRipple blockchain network hits 100-member...
7623 views comments | 13 tweets | 13 linkedin

Featured job

Competitive base, double ote, benefits
London, UK

Find your next job