Euroclear to implement Thales credit risk system

Euroclear to implement Thales credit risk system

Euroclear is to use the Asterisk global credit risk management system from Thales Information Systems as the basis for the design and build of a bespoke counterparty database in support of its banking operations.

As part of the deal, Euroclear will implement Asterisk Ratings.

Integrating with Euroclear’s existing systems, the database will automatically synchronise counterparty and hierarchy data from a number of external vendor feeds.

Euroclear says that by integrating ratings and financial accounts data supplied by the major ratings agencies and data providers, the implementation of Asterisk will improve the process of building relevant historical ratings data, a key component for Basle II compliance in 2005.

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