Adaptiv processes over 5,000 trades per day and over 15,000 limits across a range of portfolios for more than 5,200 counterparties. With up to 100,000 deals per month passing through the system for pre-deal limit checking, exposure measurement and limits updates, violation management and credit risk reporting, Adaptiv plays an integral role in helping the bank to manage its credit risk exposure efficiently. Adaptiv is a hosted by SunGard Availability Services, which provides business continuity services.
Several hundred users log on to Adaptiv on an ASP basis from Hong Kong, Taipei, New York, Singapore, Amsterdam, Warsaw, Krakow, Luxembourg, Brussels and London, creating an integrated, global view of Merchant Bankingâs credit portfolio.
Charles Courouble, head of risk, Fortis Merchant Banking, said, "SunGard has proved to be a solid and reliable partner for us. We are delighted with the support we have received throughout the implementation, a significant project with more than 1,500 days of professional services work over a 14 month period. Our live date milestone was achieved on time and on budget, a testament to the quality and dedication of SunGard's as well as Fortisâ staff. Adaptiv now helps us to automate and streamline processes, and to better manage and control our credit policies while helping reduce operating costs and minimizing unfunded risk."
Juerg Hunziker, president of SunGardâs Trading and Risk operating unit, said, "Adaptiv is a modern approach to credit risk management that helps clients to implement consistent and global credit risk management processes and measurement methodologies in order to help reduce risk management costs, improve transparency, expand business opportunities without increasing limits and help reduce total portfolio risk."