Jerónimo Martins Group Selects SunGard’s Reech for Derivatives Valuation

12 April 2007

SunGard today announced that Jerónimo Martins has selected SunGard’s Reech Analytics Library (REAL) for the valuation of its complex derivatives portfolios. SunGard’s Reech REAL is used for derivatives pricing and structuring, risk management, model validation and benchmarking across a range of industries from banks to insurance companies, governments and corporations. Reech REAL will help Jerónimo Martins, the leading food distribution chain in Portugal and Poland, benefit from more effective portfolio valuation verification and improved risk control.

Reech REAL models are linked to Reech ADEP, a generic product description language. The combination of analytics with the flexibility of the ADEP language means that there is almost no limit to the variety of structures that can be priced, giving Jerónimo Martins virtually unlimited product coverage across interest rate derivatives. Reech is available online within the risk management, pricing and valuation ASP (Application Service Provider) or in DLL and XLL formats.

Tiago Bento, risk manager at Jerónimo Martins, said, "Reech REAL is widely recognised as one of the leaders in price benchmarking. We are particularly impressed with the knowledge from Reech’s local derivatives practitioners, who are very proactive in showing us how to maximise use of the ADEP language in order to best deploy the pricing models."

Jean-Philippe Maurrasse, head of sales EMEA, SunGard’s FRONT ARENA, commented, "REECH Real will help give Jerónimo Martins a more accurate indication of price and help put the company in a stronger position during price negotiation with banks and other counterparties.”

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