RZR is pleased to announce that PT Kliring Penjaminan Efek Indonesia ("KPEI") - the central counter party (CCP) to the Indonesian Stock Exchange - has now entered into a license and service agreements for Razor as its core risk and exposure management application.

Commenting on the deal, Andrew Wood, Chief Executive of Razor Risk Technologies said, "We are delighted that KPEI's selection of Razor was made as a result of our deep industry knowledge and experience in CCP risk and counterparty management. "

"This deal is a milestone achievement in the context of our Asian expansion plans. As a result of the transaction we have been able to rapidly progress further opportunities in the region. "

"The execution of the agreements will enable KPEI and the Indonesian Stock Exchange to take full advantage of Razor's high performance risk engine to provide the Clearing House with advanced overnight and intra-day risk and default management solution, including extensive use of Razor's VaR and stress testing capabilities. Razor also provides the Clearing House with the scalability to meet growing volumes and to cater for future product enhancements."

"Effective risk and default management has become a key source of differentiation for CCPs. KPEI now joins the global list of Razor CCP clients such as ASX, London Clearing House, and IDCG in implementing proven scalable technology that significantly exceed the requirements set out under IOSCO recommendations for Central Counterparties. As institutions choose more carefully where to trade, the criticality of central counterparties in the global financial system has moved to the foreground through the need in reducing counterparty credit risk whilst ensuring more transparency in overall credit pools."