Raft adds credit departmental workflow tools to SunGardâs solutions for trade processing, decision support and risk analysis. SunGardâs solutions provide robust credit risk analysis, such as credit VaR and asset modeling and straight-through processing while Raft provides tools for establishing credit policies and processes such as counterparty management and margining. Raftâs credit modules interface with SunGard solutions for credit risk via XML links, creating a seamless workflow environment between trading, risk management, credit and accounting.
John Andrus, president of SunGard Energy Systems, said, âWe have partnered with Raft to help our customers harness the full potential of our credit risk analytics and decision support tools. Clients must first establish a credit operational support system that includes people, processes and policies. Raft and SunGard can help clients create streamlined credit processes that feed into trading and risk management for the full gamut of energy specific instruments, including power, gas, crude oil, coal, emissions and weather.â
David Priestley, chairman of Raft International, said, âThe partnership with SunGard will allow us to service the demand for upgraded credit systems and processes we have seen in the wake of the past yearsâ volatile markets and credit defaults. Our software will also help SunGardâs clients meet new reporting requirements from the rating agencies, regulators and the Committee of Chief Risk Officersâ.