Adaptiv Credit Risk allows clients to implement consistent and global credit risk management processes and measurement methodologies in order to reduce risk management costs, improve transparency, implement modern risk management process and techniques, expand business opportunities without increasing limits and reduce total portfolio risk.
As an integrated solution for credit risk management, Adaptiv Credit Risk consolidates and provides tools for portfolio analysis and exposure modeling, as well as global and real-time, pre-deal limit checks for control of credit risks in its financial markets business. Adaptiv Credit Risk will consolidate the full range of credit risk information at BMO through web-based reporting, including exposures, mitigation, ratings, credit loss and portfolio analytics. BMO will use Adaptiv Credit Risk to manage and control the counterparty, settlement, country and issuer risks associated with its financial markets activities, and to reduce its portfolio risk through collateralization, netting and diversification. SunGard will host the solution using SunGard Availability Services computer centers, providing a fully resilient business continuity service.
Adaptiv Credit Risk and the supporting processes will help BMO meet its business goals, such as providing tools to traders to understand and develop their credit positions through sophisticated exposure modeling, Web technologies for reporting, support of high trading volumes and openness, scalability and user-friendliness. The existing relationship with SunGard and SunGard's proven reliability, breadth of knowledge and experience was cited by BMO as important elements in the selection of Adaptiv.
Steve Husk, president of SunGardâs Trading and Risk operating unit, said, "SunGard is delighted to announce that we will be building upon our long-standing partnership with BMO. With its selection of Adaptiv Credit Risk, BMO has demonstrated that it recognizes the benefits of a modern, portfolio-based approach to credit risk management. The solution delivers accurate, global limits and exposure information in real-time, for increased transparency across the organization, greater operational efficiency and utilization of capital."