WestLB AG Selects SunGard’s Credient for Global Credit Risk

Second Credient Client in Four Months Reflects Industry Move to Best Practice Credit Risk Management

NEW YORK, September 18, 2002– SunGard Trading and Risk Systems, an operating group of SunGard (NYSE: SDS), today announced that WestLB AG (WestLB), based in Düsseldorf, Germany, has selected Credient to manage global credit limits and exposures across its international trading business. WestLB will use Credient to monitor and control credit risk in real-time. Credient provides tools for portfolio analysis and exposure modeling, as well as global, real-time pre-deal limit checks.

West LB is one of the largest banks in Germany. It selected Credient as the center of a new architecture for robust exposure calculation and limit management. WestLB is already evaluating Credient MC2 to calculate incremental credit exposure with recognition of dynamic netting and portfolio effects.

Ottmar Bongers, managing director of the Risk Management Support and Control Group at WestLB, said, "We selected Credient because of its real-time, integrated framework for limits and exposure management. Credient's real-time, portfolio-based approach to exposure management is also appealing and should enable WestLB to enhance pre-deal decision-making and provide transparency across our organization. This transparency should help us to reduce our portfolio risks through the effective use of netting and diversification. Our existing relationship with SunGard has proven the reliability of its service and support and we look forward to our continued partnership."

SunGard will host Credient in SunGard Availability Services' European data centers, providing a fully resilient business continuity service. It will deliver Credient to user desks throughout WestLB via a Web browser. Credient will have automated deal capture links to WestLB dealing systems, including SunGard's Treasury Trader.

Steve Husk, president of the Credient/Infinity operating unit, said, "Our second Credient contract within four months illustrates the growing importance of credit risk management to the banking community. With its selection of Credient, WestLB has demonstrated that it recognizes the benefits of a modern, portfolio-based approach to credit risk management that delivers accurate, global limits and exposure information in real-time, for increased transparency across the organization and greater operational efficiency and utilization of capital."

Become a bobsguide member to access the following

1. Unrestricted access to bobsguide
2. Send a proposal request
3. Insights delivered daily to your inbox
4. Career development