ABN Amro is to roll out SunGard Trading and Risk Systems' credit risk management system Credient to over 3000 users across its global wholesale clients business.
SunGard will host Credient at its European data centres and deliver the system, via a Web browser to the bank's traders and middle office staff in over 65 locations across 45 countries.
The system will be used to monitor and control credit risk in real-time. Credient will aggregate data from ABN Amro's trading systems and consolidate and calculate the full range of credit risk information, including netted exposures and advanced portfolio analytics.
In addition, Credient includes tools for portfolio analysis, exposure modelling, real-time pre-deal limit checks and global limit management.
Jan Sijbrand, senior executive vice-president and global head of group risk management, ABN Amro, says: "Credient's ability to provide consolidated data from across our trading operation in real-time will enhance pre-deal decision making and enable us to implement consistent credit policies across the organisation."
Steve Husk, president of the Trading and Risk operating unit, says within an application service provider framework, Credient helps banks automate and streamline processes and reduce operating risks.
"Its exposure calculations for on- and off- balance sheet items, and its global, real-time risk architecture further enable banks to meet their complex risk management objectives, " he adds.