Raft International plc announces significant credit risk software contract with leading US Wholesale energy company

Houston – 1 February, 2005 - Raft International plc, announced today that a major North American energy distributor and retailer, has chosen Raft International’s market leading credit risk management solution, raft credit, to manage all aspects of its credit risk and help meet legal and regulatory demands.

The customer will implement the core raft credit solution which provides enhanced credit risk management capabilities including: exposure management and reporting, sophisticated workflow and comprehensive collateral management.

The implementation of raft credit will also ensure that the client continues to comply with existing and emerging best practice standards. In particular raft credit will assist the client’s continued compliance with Sarbanes-Oxley and the new Standard and Poor’s reporting requirements for energy and utility companies.

"We are pleased to welcome another addition to our growing list of clients who have chosen Raft for the breadth and depth of the raft credit product suite." said Pete Pavluk, President of the Credit Division at Raft. "Raft has an exceptional client base which includes major energy companies in North America and Europe."

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