Email Contact Phone Company Visit Website

S&P Global Market Intelligence, London Office

20 Canada Square London, E14 5LH
London
GB

S&P Global Market Intelligence, Paris Office

40 rue de Courcelles
Paris
FR

iPartners/Georgia Office

4550 North Point Parkway, Suite 160
Alpharetta
GA
US

S&P Global Market Intelligence, New York Head Office

55 Water Street
New York
NY
US

S&P Global Market Intelligence, Buenos Aires Office

Torre Alem Plaza Av. Leandro N. Alem 855, 3rd Fl.
Buenos Aires
AR

S&P Global Market Intelligence, Sao Paulo Office

A v. Brigadeiro Faria Lima No. 201 – 18th floor - SP 05426-100
São Paulo
BR

S&P Global Market Intelligence, Toronto Office

130 King Street West, Suite 1100 The Exchange Tower, P.O. Box 486
Toronto
CA

S&P Global Market Intelligence, Mexico City Office

Av Javier Barros Sierra No.540, Torre 2, PH2 Col. Santa Fe, CP 01219 Del. Alvaro Obregón Mexico
Mexico City
MX

S&P Global Market Intelligence, San Francisco Office

Steuart Tower, Suite 1500 One Market
San Francisco
CA
US

S&P Global Market Intelligence, Chicago Office

One Prudential Plaza 130 East Randolph Street
Chicago
IL
US

S&P Global Market Intelligence, Boston Office

225 Franklin Street
Boston,
MA
US

S&P Global Market Intelligence, Dallas Office

Lincoln Plaza 500N Akard Street, Suite 3200
Dallas
TX
US

S&P Global Market Intelligence, Charlottesville Office

401 East Market Street
Charlottesville
VA
US

S&P Global Market Intelligence, Dubai Office

Lower Currency House
Dubai
AE

S&P Global Market Intelligence, Johannesburg Office

2nd Floor, 30 Jellicoe Avenue Rosebank 2196
Johannesburg
ZA

S&P Global Market Intelligence, Tel Aviv Office

12 Abba Hillel Silver Street Ramat Gat
Tel Aviv
IL

S&P Global Market Intelligence, Singapore Office

12 Marina Boulevard
Singapore
SG

S&P Global Market Intelligence, Kuala Lumpur Office

17-7, The Boulevard Mid Valley City Lingkaran Syed Putra
Kuala Lumpur
MY

S&P Global Market Intelligence, Tokyo Office

28F Marunouchi Kitaguchi Bldg 1-6-5 Marunouchi Chiyoda-ku
Tokyo
JP

CRISIL Pune Office

1187/17, Ghole Road Shivaji Nagar
Pune
IN

CRISIL New Delhi Office

The Mira, G-1, 1st Floor, Plot No. 1 & 2 Ishwar Nagar, Near Okhla Crossing
New Delhi
IN

CRISIL Mumbai Office

CRISIL House 121-122 Andheri-Kurla Road, Andheri (East)
Mumbai
IN

CRISIL Kolkata Office

Horizon, Block 'B', 4th Floor 57 Chowringhee Road
Kolkata
IN

CRISIL Hyderabad Office

3rd Floor Uma Chambers Plot no. 9 & 10 Najarjuna Hills (Near Punjagutta X Road)
Hyderabad
IN

CRISIL Chennai Office

Thapar House 43/44 Montieth Road, Egmore Services:
Chennai
IN

CRISIL Bangalore Office

W 101 Sunrise Chambers 22 Ulsoor Road
Bangalore
IN

CRISIL Ahmedabad Office

303 Paritosh Bldg
Usmanpura Ahmedabad
IN

S&P Global Market Intelligence, Hong Kong Office

International Commerce Centre 1 Austin Road West
Hong Kong
HK

S&P Global Market Intelligence, Beijing Office

Suite 1601, 16/F Tower D, Beijing CITC A6 Jianguo Menwai Avenue Chaoyang District P.R.
Beijing
CN

S&P Global Market Intelligence, Sydney Office

Level 27 259 George Street
Sydney NSW
AU

S&P Global Market Intelligence, Melbourne Office

Level 45 120 Collins Street
Melbourne
VIC
AU

S&P Global Market Intelligence, Stockholm Office

Master Samuelsgatan 6
Stockholm
SE

S&P Global Market Intelligence, Madrid Office

Paseo de la Castellana, 7 Planta 6a, 28046 Madrid, Spain
Madrid
ES

S&P Global Market Intelligence, Moscow Office

Business Center 4/7 Vozdvizhenka St., Bldg. 2, 7th Floor
Moscow
RU

S&P Global Market Intelligence, Milan Office

Vicolo San Giovannisul Muro 1/3/5
Milan
IT

S&P Global Market Intelligence, Frankfurt Office

Main Tower Neue Mainzer Strasse 52
Frankfurt
DE

S&P Global Market Intelligence, Istanbul Office

Levent Plaza
Istanbul
TR

Telephone

212-438-4589

Contact

Maria McIsaac
[email protected]
Back to all S&P Global Market Intelligence announcements

EBRD licenses S&P portfolio risk management tool

LONDON Sept. 27, 2004--The European Bank for Reconstruction and Development
(EBRD) has awarded a mandate to Standard & Poor's Risk Solutions, a leading
supplier of credit risk management solutions, to supply its Portfolio Risk
Tracker (PRT) product for the bank's Treasury operations. PRT will replace a
commercial portfolio management system that had already been in use by the
EBRD Treasury team.

"The Treasury operations of banks typically hold a more diverse portfolio of
assets than a bank's loan book," said Arnaud de Servigny, European head of
products at Standard & Poor's Risk Solutions. "This can include derivatives,
structured products and bonds. Portfolio Risk Tracker is a very suitable risk
management tool for such portfolios as it measures, and helps manage,
concentrations of risk across these diverse assets."

This is the latest in a line of high-profile wins for Standard & Poor's Risk
Solutions. The mandate follows a competitive tender process in which Risk
Solutions not only met the EBRD's stringent supplier-qualification policies
but also offered a product that directly addressed the bank's needs.

"Portfolio Risk Tracker had both technical and qualitative features that are
unique," said Jean Sorasio, Director of Treasury Risk Management at EBRD. "We
had decided we should undertake a new procurement round to fully assess the
greater range of systems now on offer. We found that the market had moved on
considerably - especially in terms of the research and data handling that
underpins the analysis. PRT was superior to all its rivals."

EBRD will use the PRT model to obtain nightly risk contribution information
on their portfolio. Central to the model's calculations is the notion of
'Expected shortfall'. These risk calculations may be impacted by changes in
interest rates, foreign exchange rates, credit ratings actions and market
conditions.

When not running risk concentration calculations, the model can be utilised
by risk management teams to run scenarios and 'what if?' calculations. Active
portfolio management - risk offload - can also be considered.

Transparency is a key component of PRT. "The PRT product developers
recognised that, when operating the system, bankers would want to understand
fully the calculations and mathematics that make up PRT's output," said Mr de
Servigny. "Only when understanding the inputs and every step of the
calculation can the client gain total confidence in the stresses and
concentrations being highlighted by the outputs."

The product is designed so that banks could switch to PRT with no alterations
to their existing database. "It is a painful process for any financial
institution to design a database that is useful for a piece of software to
undertake risk calculations," says Mr de Servigny. "So we developed an IT
system that could read different formats, and where existing databases could
be automatically converted to our format."

This was a winning feature in EBRD's assessment of the product. "We had an
existing input database, which we wanted to keep," said the EBRD's Jean
Sorasio. "The fact that the change to PRT would be so seamless was therefore
a major selling point."

Standard & Poor's Risk Solutions provides Credit Risk Solutions that address all the major components of an internal rating system, including tools and methodologies for the analysis of probability of default, loss given default, and exposure at default. Its portfolio tools enable clients to use their assessments of individual risk exposures in analyzing credit risk exposure on a portfolio basis. Risk Solutions' integrated credit risk management solution leverages Standard & Poor's experience in credit assessment to help clients manage enterprise risk, economic and regulatory capital, active exposures and risk pricing with confidence.

Standard & Poor's, a division of The McGraw-Hill Companies (NYSE:MHP), is
the world's foremost provider of independent credit ratings, indices, risk
evaluation, investment research, data and valuations. With approximately
6,000 employees located in 21 countries, Standard & Poor's is an essential
part of the world's financial infrastructure and has played a leading role
for more than 140 years in providing investors with the independent
benchmarks they need to feel more confident about their investment and
financial decisions.