Baltic banking group Hansabank is rolling out Reuters' credit risk management tool, Kondor Global Limits, across its operations in Estonia, Lithuania and Latvia.
Reuters says the software provides users with real-time control and monitoring of credit exposure, allowing for efficient limit utilisation across the enterprise. The tool consolidates credit limit information and manages the data in real-time across all instrument types.
Designed around Tibco's Rendezvous middleware, the product displays money market, foreign exchange and securities holdings from multiple trading and loan processing systems simultaneously. Kondor Global Limits also enables comprehensive limit analysis by counterparty, industry sector or country.
Matis Tomiste, financial markets area manager, Hansabank, says: "Reuters Kondor Global Limits gives us a comprehensive and consolidated view of credit risk enabling us to comply with external regulations whilst supporting the robust, reliable internal risk management system we require."