Triple Point Technology®, the leading provider of multi-market commodity and enterprise risk management software solutions, announced today that Triple Point Commodity XL for Credit Risk™ was named the number one credit risk software solution in Energy Risk magazine’s annual software survey. Additionally, Triple Point garnered top rankings in trade capture, operational risk, and physical and financial integration, further illustrating the depth and breadth of its multi-commodity platform.
Triple Point Commodity XL for Credit Risk provides a real-time and complete picture of credit exposure and liquidity obligations and streamlines key processes for managing counterparties, collateral, credit limits and credit scoring. Additionally, advanced analytical capabilities provide a framework to analyze risks with scenario-driven insights. This allows companies to reduce financial risk, improve efficiency and respond to market changes proactively rather than reactively. Clients that have implemented the solution include such notable organizations as New York's Independent System Operator (NYISO), Electric Reliability Council of Texas (ERCOT), ConocoPhillips, Southern California Edison, BG Group and FirstEnergy.
“In today’s uncertain economic times, senior executives need immediate, up-to-date counterparty credit risk information at their fingertips. This information is typically gathered manually and stored in multiple systems,” explains Dan Reid, VP, credit risk division, Triple Point. “Triple Point’s innovative credit risk solutions aggregate all the necessary data and deliver timely information for confident decision-making. We are honored to be recognized by Energy Risk readers, and we share this award with our clients who are leading the way in the new era of risk management.”
Energy Risk’s annual software survey—the largest survey in the industry to poll users of energy risk management and trading software—asks users to evaluate top software vendors based on their functionality, usability, performance, return on investment and reliability. These and other results will be published in the March 2009 issue of Energy Risk.
Commodity XL for Credit Risk is based on ‘ROME CreditRisk’ – mature, market-proven technology obtained in Triple Point’s acquisition of ROME Corporation, a leading provider of enterprise credit risk management. The acquisition broadened and deepened Triple Point’s product portfolio, enabling it to offer the only complete enterprise risk platform across market, credit, operational and regulatory risk.
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