Fortis Uses SunGard’s Adaptiv for Real-time Credit Exposure Calculations

NEW YORK, February 16, 2005– SunGard Trading and Risk Systems, an operating group of SunGard (NYSE:SDS), today announced that the Merchant Banking division of Fortis Bank is using SunGard’s Adaptiv Risk to manage its global counterparty credit risk exposures and limits in real time. Adaptiv helps Fortis to improve transparency, operational efficiency and capital utilization.

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 Banking’s 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 Fortis’ 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 SunGard’s 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."

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