WestLB chooses SunGard Credient for credit risk management

WestLB chooses SunGard Credient for credit risk management

German bank WestLB has selected Sungard's real-time risk management solution Credient to manage global credit limits and exposures across its international trading business.

The ASP-based solution, provides portfolio analysis, exposure modelling and global pre-deal limit checks.

Ottmar Bongers, managing director, risk management support and control group, WestLB, says the system should enhance pre-deal decision making and provide transparency across the bank. He adds: "This transparency should help us to reduce our portfolio risks through the effective use of netting and diversification."

SunGard Trading and Risk will host Credient for WestLB in its availability services' European data centres and deliver services to user desks throughout the bank via a Web browser. Credient will have automated deal capture links to WestLB dealing systems, including SunGard's Treasury Trader.

The WestLB deal follows a first Credient sale to ING Barings in June.

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