Demand for collateral management automation is increasing as institutions try to protect themselves against counterparty default. In Adaptiv 2009.1, the collateral management application has been embedded into Adaptivâs credit risk framework, a scalable, Web-based infrastructure with advanced workflow capabilities that can help improve customer transparency and reduce operational errors.
To address market risk, a new component - Adaptiv Risk Cube â will give risk managers the ability to navigate through detailed risk results in real-time, preserving trade-level detail and allowing them to drill-down into the sources of risk. Adaptiv 2009.1 enhancements also include an operations dashboard designed to help improve operational control by providing a holistic view of all back-office operations. It can assist managers to quickly identify potential bottlenecks and help ensure operational efficiency is maintained across the enterprise.
Brad Impey, chief technology officer for SunGardâs Front Arena and Adaptiv business units, said: âOur customers are demanding increasingly sophisticated and accurate risk calculations, but with tighter time-frames. Adaptiv 2009.1 includes an incremental Monte Carlo engine that can deliver accurate simulation- based calculations in seconds for pre-deal limit checking.â
Impey continues: âMany banks have realized that they need to upgrade their market risk systems in light of the recent crisis, yet at the same time there is downward pressure on costs and an aversion to project risk. In response we have simplified the implementation requirements of Adaptiv through new deployment models, such as packaging Adaptiv 360 with SunGardâs MarketMap to provide customers with risk functionality and market data in a hosted environment.â