Ottmar Bongers, managing director of the Risk Management Support and Control Group at WestLB, said, "With Credient we have an integrated framework for credit limits and exposure management. Credient strengthens further our counterparty risk control by providing a global, real-time, consolidated view of our trading position. Traders around the world can use secure Web technology to ensure they operate within our risk guidelines. With SunGard, we have a dependable, resilient credit risk service and a reliable vendor partner."
SunGard hosts Credient in SunGard Availability Servicesâ European data centers, providing a fully resilient business continuity service.
Steve Husk, president of SunGardâs Trading and Risk operating unit, said, "Through the Credient service clients gain 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."