Source: Kamakura Corporation
Kamakura Corporation reported today that Export Development Canada, headquartered in Ottawa, has licensed the Kamakura Risk Manager risk management software system for credit portfolio management.
EDC, which provides financial services to help Canadian companies and investors expand their international business in some 200 countries world-wide, selected Kamakura and the KRM system after an extensive world-wide request for proposal process. Systems integration on the project is being performed by Kamakura's North American support team, based in New York.
"EDC takes its risk management responsibilities very seriously as a financially self-sustaining Canadian Crown corporation," said Warren Sherman, Kamakura President and Chief Operating Officer. "Kamakura's systems meet EDC's standards for the accurate, integrated, and transparent management of the credit and market risks that evolve from its business activities. This is an important milestone in the continued evolution of EDC's risk management through capital management. It is an honor for Kamakura to work with the risk management team at EDC in the years ahead."