Arab National Bank signs with IPS-Sendero for Kamakura credit risk platform

Arab National Bank has contracted with Fiserv subsidiary IPS-Sendero for the supply of the Kamakura Risk Management (KRM) platform, which it will implement to support its market and treasury portfolio credit risk operations.

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Arab National Bank signs with IPS-Sendero for Kamakura credit risk platform

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IPS says the bank will use the system to measure credit risk for current flow and portfolio of collateralised debt obligations, as well as market risk and credit-adjusted value-at-risk (VaR).

Yasser Shareef, head of market risk for Arab National Bank, comments: "We believe that KRM is unique in its ability to produce default correlations for any pair of companies with default probabilities on the system. Without this pair-wise correlation, credit risk cannot be accurately modeled and measured."

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