ING Group of the Netherlands has selected SunGard Trading and Risk Systems' credit risk management solution Credient, delivered via an application service provider (ASP) framework.
Credient will provide ING with tools for portfolio analysis and exposure modeling, as well as global and real-time, pre-deal limit checks for control of credit risks in its financial markets business, says the company.
The solution will consolidate the full range of credit risk information at ING through Web-based reporting, including exposures, mitigation, ratings, credit loss and portfolio analytics. ING will also use Credient to manage and control the counterparty, settlement, country and issuer risks associated with its financial markets activities, and to reduce its portfolio risk through collateralisation, netting and diversification.
SunGard will host Credient for ING in its European SunGard availability services data centres.